Charlevoix State Bank is a bank based in Charlevoix, Michigan, established in 1994, with $245 million in total assets across 7 branches. By Trust Grade it ranks 26th of 73 banks we track in Michigan. Its capital ratio of 9.8% trails most similarly sized banks (44th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 2.08% return on assets. No consumer complaints against Charlevoix State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Charlevoix State Bank compares to Michigan peers
How we graded Charlevoix State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.8% capital ratio)
- Strongly profitable (ROA 2.08%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Charlevoix State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 38230 Michigan Ave, Beaver Island, MI 49782
- 100 Main St, East Jordan, MI 49727
- 102 M 66 N, Charlevoix, MI 49720
- 9136 Main St, Ellsworth, MI 49729
- 102 M 66 N, Charlevoix, MI 49720
- 111 State St, Charlevoix, MI 49720
- 102 S Lake St, Boyne City, MI 49712
Are deposits at Charlevoix State Bank insured?
Yes. Charlevoix State Bank is an FDIC-insured bank (FDIC certificate #33926). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Charlevoix State Bank: frequently asked questions
Is Charlevoix State Bank a good bank?
Charlevoix State Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (9.8% capital ratio); Strongly profitable (ROA 2.08%).
Is Charlevoix State Bank FDIC-insured?
Yes. Charlevoix State Bank is a FDIC-insured bank (FDIC certificate #33926). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Charlevoix State Bank?
Charlevoix State Bank holds $245 million in total assets, ranking 26th of 73 banks we track in Michigan. It operates 7 branches.
Does Charlevoix State Bank have CFPB complaints?
No CFPB complaints against Charlevoix State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
