The State Savings Bank of Manistique

101 South Cedar
Manistique, MI 49854

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13249
Date Established 1917
Assets $0.13 billion
Loans $0.06 billion
Deposits $0.11 billion
Capital $0.01 billion

The State Savings Bank of Manistique is an FDIC insured institution located in Manistique, MI. It was founded in 1917 and has approximately $0.13 billion in assets. Customers can open an account at one of its 4 branches.

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

Deposit Rates - July 16, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
0.75% $1,000 - Learn MoreShow Less
18 Mo CD
1.00% $1,000 - Learn MoreShow Less
24 Mo CD
1.35% $1,000 - Learn MoreShow Less
36 Mo CD
1.75% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - July 16, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for The State Savings Bank of Manistique

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.777% 3.750% 0.38 $832 $1,158 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to The State Savings Bank of Manistique
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Branches

The State Savings Bank of Manistique 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:
Seattle,Washington


The State Savings Bank of Manistique Locations


Financial Details

The State Savings Bank of Manistique Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The State Savings Bank of Manistique. 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 State Savings Bank of Manistique U.S. Bank Average
7.37% 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 State Savings Bank of Manistique had $730,000 in non-current loans and $391,000 in owned real estate. To cover these potential losses it had $14,636,000 in equity and $579,000 in loans loss reserves. That gives it a Texas Ratio of 7.37%.

Return on Equity
The State Savings Bank of Manistique U.S. Bank Average
8.74% 9.47%

The State Savings Bank of Manistique has a Return on Equity of 8.74% 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 State Savings Bank of Manistique U.S. Bank Average
11.35% 12.49%

The State Savings Bank of Manistique has a Capitalization of 11.35% 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 State Savings Bank of Manistique Balance Sheet Analysis

As of March 31, 2019, The State Savings Bank of Manistique had assets of $128,945,000, loans of $59,022,000, and deposits of $106,299,000. 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 $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 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 $0.00 billion
     Total Assets $0.11 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.11 billion
      % insured (estimated) 77.86%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.11 billion
      Shareholders’ Equity $0.01 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 State Savings Bank of Manistique’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, The State Savings Bank of Manistique’s loan portfolio does not show any specific loan specialty.

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 39.64
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 5.27
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 29.63
Commercial and Industrial Loans 16.68
Farm Loans 0.08

Frequently Asked Questions About The State Savings Bank Of Manistique

Branches and Savings

Is The State Savings Bank Of Manistique FDIC insured?

Yes. It is covered under FDIC Certificate #13249.

Why does The State Savings Bank Of Manistique pay such low interest on savings accounts?

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

Why are The State Savings Bank Of Manistique CD rates not competitive?

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

Is The State Savings Bank Of Manistique a commercial bank?

Yes

Where are The State Savings Bank Of Manistique locations?

See branch locations nearby.

Is The State Savings Bank Of Manistique open on Saturdays?

Is The State Savings Bank Of Manistique open on Sundays?

What time does The State Savings Bank Of Manistique open?

What time does The State Savings Bank Of Manistique close?

Are The State Savings Bank Of Manistique ATMs Open 24/7?

Do The State Savings Bank Of Manistique ATMs accept cash deposits?

Can The State Savings Bank Of Manistique customers use other ATMs?

Do The State Savings Bank Of Manistique branches have notaries?

Will The State Savings Bank Of Manistique notarize my document?

What address for The State Savings Bank Of Manistique should I put for incoming ACH transfers?

Will the The State Savings Bank Of Manistique branch print checks?

Do The State Savings Bank Of Manistique checks expire?

Does The State Savings Bank Of Manistique require US citizenship to open account?

Can The State Savings Bank Of Manistique close my account?

Does The State Savings Bank Of Manistique Report to credit bureaus?

Does The State Savings Bank Of Manistique Use Equifax?

What is The State Savings Bank Of Manistique's ACH Routing Number?

What is The State Savings Bank Of Manistique's SWIFT code?

Products

Does The State Savings Bank Of Manistique offer mortgages?

Compare mortgage rates here.

Does The State Savings Bank Of Manistique offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The State Savings Bank Of Manistique offer personal loans?

Compare personal loan rates here.

Does The State Savings Bank Of Manistique offer student loans?

Will The State Savings Bank Of Manistique cash a check?

Will The State Savings Bank Of Manistique redeem a savings bond?

Does The State Savings Bank Of Manistique cash savings bonds?

Will The State Savings Bank Of Manistique cash money orders?

Can The State Savings Bank Of Manistique issue a money order?

Does The State Savings Bank Of Manistique do currency exchange?

Background on The Bank

Who owns The State Savings Bank Of Manistique?

How long has The State Savings Bank Of Manistique been around?

Can The State Savings Bank Of Manistique transfer to other banks?

Does The State Savings Bank Of Manistique have quick pay?

Does The State Savings Bank Of Manistique accept rolled coins?

Will The State Savings Bank Of Manistique accept loose change?

Where is The State Savings Bank Of Manistique headquarters?

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