Central Savings Bank
Sault Sainte Mar, Michigan · FDIC Cert #1095
Central Savings Bank is an FDIC-insured bank (Certificate #1095) with $452M in total assets and $421M in total deposits as of the Q2 2024 Call Report. Headquartered in Sault Sainte Mar, Michigan, the bank maintains a Tier 1 capital ratio of 14.64% (Well-Capitalized) and a nonperforming loan ratio of 0.14%. BankHealthData assigns a composite Health Grade of A (97/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Central Savings Bank (FDIC cert 1095) is a community bank — $452M in total assets, $421M in deposits, serving the Sault Sainte Mar, Michigan area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 14.64% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.14% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is very high: 45.5% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is strong: return on assets of 1.82% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Central Savings Bank carries a composite BankHealth grade of A (97/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Central Savings Bank
- Total Assets
- $452M
- Total Deposits
- $421M
- Tier 1 Capital Ratio
- 14.64%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.14%
- Liquidity Ratio
- 45.54%
- Return on Assets
- 1.82%
- Headquarters
- Sault Sainte Mar, Michigan
- FDIC Certificate
- #1095
- Health Grade
- A (97/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Central Savings Bank holds a Tier 1 capital ratio of 14.64%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Central Savings Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Central Savings Bank shows strong financial health indicators. With $452M in assets and a Health Score of 97/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Central Savings Bank Compares
Central Savings Bank’s Health Score of 97 is 24 points above the Michigan state average of 73 across 69 FDIC-insured banks. Its 14.64% Tier 1 capital ratio is 0.6 points above the US banking industry average near 14%. The 0.14% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.82% is in line with or above the national ROA benchmark of ~1.1%. Among 1500 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort. Site-wide, Central Savings Bank is 27 points above the portfolio average of 70.
Frequently Asked Questions
Central Savings Bank has a Bank Health Score of A (97/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 14.64%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Central Savings Bank's Tier 1 capital ratio of 14.64% and nonperforming loan ratio of 0.14% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Central Savings Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #1095). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Central Savings Bank holds $452M in total assets and $421M in total deposits. It is headquartered in Sault Sainte Mar, Michigan (FDIC Certificate #1095).
Central Savings Bank has a Tier 1 capital ratio of 14.64%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.14%, and the return on assets is 1.82%.
Yes. Central Savings Bank is FDIC-insured (Certificate #1095). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Central Savings Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.