State Bank
Fenton, Michigan · FDIC Cert #11406
State Bank is an FDIC-insured bank (Certificate #11406) with $1.8B in total assets and $1.4B in total deposits as of the Q2 2024 Call Report. Headquartered in Fenton, Michigan, the bank maintains a Tier 1 capital ratio of 11.47% (Well-Capitalized) and a nonperforming loan ratio of 0.66%. BankHealthData assigns a composite Health Grade of B (65/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
State Bank (FDIC cert 11406) is a mid-sized bank with $1.8B in total assets and $1.4B in deposits, based in Fenton, Michigan. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 11.47% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.66% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 13.0% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is solid: ROA of 0.84% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. State Bank carries a composite BankHealth grade of B (65/100) 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: State Bank
- Total Assets
- $1.8B
- Total Deposits
- $1.4B
- Tier 1 Capital Ratio
- 11.47%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.66%
- Liquidity Ratio
- 12.98%
- Return on Assets
- 0.84%
- Headquarters
- Fenton, Michigan
- FDIC Certificate
- #11406
- Health Grade
- B (65/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, State Bank holds a Tier 1 capital ratio of 11.47%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
State Bank shows strong financial health indicators. With $1.8B in assets and a Health Score of 65/100, 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 State Bank Compares
State Bank’s Health Score of 65 is 8 points below the Michigan state average of 73 across 69 FDIC-insured banks. Its 11.47% Tier 1 capital ratio is 2.5 points below the US banking industry average near 14%. The 0.66% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.84% is below the national ROA benchmark of ~1.1%. Among 697 similarly-sized banks, the average Health Score is 71, meaning this bank ranks below its size cohort. Site-wide, State Bank is 5 points below the portfolio average of 70.
Frequently Asked Questions
State Bank has a Bank Health Score of B (65/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 11.47%, 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. State Bank's Tier 1 capital ratio of 11.47% and nonperforming loan ratio of 0.66% 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 State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #11406). 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.
State Bank holds $1.8B in total assets and $1.4B in total deposits. It is headquartered in Fenton, Michigan (FDIC Certificate #11406).
State Bank has a Tier 1 capital ratio of 11.47%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.66%, and the return on assets is 0.84%.
Yes. State Bank is FDIC-insured (Certificate #11406). 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 B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
State 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.