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BankHealth

CHARLEVOIX STATE BANK

CHARLEVOIX, MICHIGAN · FDIC Cert #33926

A
Health Score
97/100
$255M
Total Assets
$219M
Total Deposits
19.52%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, CHARLEVOIX STATE BANK holds a Tier 1 capital ratio of 19.52%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning CHARLEVOIX STATE BANK has a strong buffer to absorb potential losses.

Key Financial Metrics

0.12%
Nonperforming Loans
Low — healthy loan portfolio
50.56%
Liquidity Ratio
Strong — can meet withdrawal demands
1.32%
Return on Assets
Profitable — earning well on assets
$219M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

CHARLEVOIX STATE BANK shows strong financial health indicators. With $255M 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.

Frequently Asked Questions

CHARLEVOIX STATE BANK has a Bank Health Score of A (97/100). It holds a Tier 1 capital ratio of 19.52%, 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.

CHARLEVOIX STATE BANK holds $255M in total assets and $219M in total deposits. It is located in CHARLEVOIX, MICHIGAN (FDIC Certificate #33926).

CHARLEVOIX STATE BANK has a Tier 1 capital ratio of 19.52%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.12%, and the return on assets is 1.32%.

Yes. CHARLEVOIX STATE BANK is FDIC-insured (Certificate #33926). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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