The Shelby State Bank

242 North Michigan
Shelby, MI 49455

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10157
Date Established 1910
Assets $0.25 billion
Loans $0.17 billion
Deposits $0.22 billion
Capital $0.02 billion

The Shelby State Bank is an FDIC insured institution located in Shelby, MI. It was founded in 1910 and has approximately $0.25 billion in assets. Customers can open an account at one of its 10 branches.

For a more detailed analysis of The Shelby State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,500 $4,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.03% $1,000 - Learn MoreShow Less
6 Mo CD
0.05% $1,000 - Learn MoreShow Less
12 Mo CD
0.40% $1,000 - Learn MoreShow Less
Special: 14 Mo CD
2.02% $1,000 - Learn MoreShow Less
18 Mo CD
0.55% $1,000 - Learn MoreShow Less
Special: 24 Mo CD
2.02% $1,000 - Learn MoreShow Less
24 Mo CD
0.75% $1,000 - Learn MoreShow Less
30 Mo CD
0.75% $1,000 - Learn MoreShow Less
36 Mo CD
1.26% $1,000 - Learn MoreShow Less
48 Mo CD
1.36% $1,000 - Learn MoreShow Less
60 Mo CD
1.51% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 - Learn MoreShow Less
Special: 14 Mo FIRA
2.02% $1,000 - Learn MoreShow Less
Special: 24 Mo FIRA
2.02% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 - Learn MoreShow Less

Loan Rates - August 21, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The Shelby State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


The Shelby State Bank Locations


Financial Details

The Shelby State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Shelby State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Shelby State Bank U.S. Bank Average
3.26% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, The Shelby State Bank had $337,000 in non-current loans and $451,000 in owned real estate. To cover these potential losses it had $22,442,000 in equity and $1,723,000 in loans loss reserves. That gives it a Texas Ratio of 3.26%.

Return on Equity
The Shelby State Bank U.S. Bank Average
8.22% 9.47%

The Shelby State Bank has a Return on Equity of 8.22% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Shelby State Bank U.S. Bank Average
8.98% 12.49%

The Shelby State Bank has a Capitalization of 8.98% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Shelby State Bank Balance Sheet Analysis

As of March 31, 2019, The Shelby State Bank had assets of $249,826,000, loans of $166,488,000, and deposits of $219,937,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.17 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.23 billion
LIABILITIES
Total deposits $0.22 billion
      Interest-bearing deposits $0.16 billion
      Deposits held in domestic offices $0.22 billion
      % insured (estimated) 89.23%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.23 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in The Shelby State Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Michigan, The Shelby State Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.70
Multifamily
Mortgages
1.17
Credit Card Loans 0.00
Consumer Auto Loans 1.05
Small Business Loans 31.68
Construction and Development Loans 7.20
Commercial Real Estate 47.39
Commercial and Industrial Loans 7.49
Farm Loans 2.12

Frequently Asked Questions About The Shelby State Bank

Branches and Savings

Is The Shelby State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10157.

Why does The Shelby State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Shelby State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Shelby State Bank a commercial bank?

Yes

Where are The Shelby State Bank locations?

See branch locations nearby.

Is The Shelby State Bank open on Saturdays?

Is The Shelby State Bank open on Sundays?

What time does The Shelby State Bank open?

What time does The Shelby State Bank close?

Are The Shelby State Bank ATMs Open 24/7?

Do The Shelby State Bank ATMs accept cash deposits?

Can The Shelby State Bank customers use other ATMs?

Do The Shelby State Bank branches have notaries?

Will The Shelby State Bank notarize my document?

What address for The Shelby State Bank should I put for incoming ACH transfers?

Will the The Shelby State Bank branch print checks?

Do The Shelby State Bank checks expire?

Does The Shelby State Bank require US citizenship to open account?

Can The Shelby State Bank close my account?

Does The Shelby State Bank Report to credit bureaus?

Does The Shelby State Bank Use Equifax?

What is The Shelby State Bank's ACH Routing Number?

What is The Shelby State Bank's SWIFT code?

Products

Does The Shelby State Bank offer mortgages?

Compare mortgage rates here.

Does The Shelby State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Shelby State Bank offer personal loans?

Compare personal loan rates here.

Does The Shelby State Bank offer student loans?

Will The Shelby State Bank cash a check?

Will The Shelby State Bank redeem a savings bond?

Does The Shelby State Bank cash savings bonds?

Will The Shelby State Bank cash money orders?

Can The Shelby State Bank issue a money order?

Does The Shelby State Bank do currency exchange?

Background on The Bank

Who owns The Shelby State Bank?

How long has The Shelby State Bank been around?

Can The Shelby State Bank transfer to other banks?

Does The Shelby State Bank have quick pay?

Does The Shelby State Bank accept rolled coins?

Will The Shelby State Bank accept loose change?

Where is The Shelby State Bank headquarters?

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