State Sb of Manistique
Manistique, Michigan · FDIC Cert #13249
This is the FDIC profile for State Sb of Manistique, an FDIC-insured bank (Certificate #13249) with $166M in total assets and $141M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Manistique, Michigan, the bank maintains a Tier 1 capital ratio of 10.27% (Well-Capitalized) and a nonperforming loan ratio of 0.08%. BankHealthData assigns a composite Health Grade of A (81/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
State Sb of Manistique (FDIC cert 13249) is a community bank — $166M in total assets, $141M in deposits, serving the Manistique, 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 adequate: Tier 1 capital ratio of 10.27% 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 clean: non-performing loan ratio of 0.08% 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: 44.5% 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 thin: ROA of 0.60% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. State Sb of Manistique carries a composite BankHealth grade of A (81/100) 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 Sb of Manistique
- Total Assets
- $166M
- Total Deposits
- $141M
- Tier 1 Capital Ratio
- 10.27%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.08%
- Liquidity Ratio
- 44.52%
- Return on Assets
- 0.60%
- Headquarters
- Manistique, Michigan
- FDIC Certificate
- #13249
- Health Grade
- A (81/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
State Sb of Manistique files quarterly Call Reports with the FDIC under Certificate #13249. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, State Sb of Manistique holds a Tier 1 capital ratio of 10.27%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning State Sb of Manistique has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
State Sb of Manistique shows strong financial health indicators. With $166M in assets and a Health Score of 81/100, 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 Sb of Manistique Compares
State Sb of Manistique’s Health Score of 81 is 1 points below the Michigan state average of 82 across 69 FDIC-insured banks. Its 10.27% Tier 1 capital ratio is 3.7 points below the US banking industry average near 14%. The 0.08% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.60% is below the national ROA benchmark of ~1.1%. Among 1428 similarly-sized banks, the average Health Score is 81, meaning this bank ranks above its size cohort. Site-wide, State Sb of Manistique is 1 points above the portfolio average of 80.
Frequently Asked Questions
State Sb of Manistique has a Bank Health Score of A (81/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 10.27%, 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 Sb of Manistique's Tier 1 capital ratio of 10.27% and nonperforming loan ratio of 0.08% 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 Sb of Manistique is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #13249). 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 Sb of Manistique holds $166M in total assets and $141M in total deposits. It is headquartered in Manistique, Michigan (FDIC Certificate #13249).
State Sb of Manistique's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #13249 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
State Sb of Manistique has a Tier 1 capital ratio of 10.27%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.08%, and the return on assets is 0.60%.
Yes. State Sb of Manistique is FDIC-insured (Certificate #13249). 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%).
State Sb of Manistique'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.