First State Bank Of Michigan is a bank based in Decatur, Michigan, established in 1870, with $83 million in total assets across 2 branches. By Trust Grade it ranks 69th of 73 banks we track in Michigan. Its capital ratio of 18.2% is stronger than 82% of similarly sized banks, versus a Michigan median of 9.6%. It posted a loss over the most recent period (-1.35% return on assets), a point to watch. No consumer complaints against First State Bank Of Michigan appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First State Bank Of Michigan compares to Michigan peers
How we graded First State Bank Of Michigan
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (18.2% capital ratio)
- Unprofitable over the period (ROA -1.35%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First State Bank Of Michigan over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 232 E State St, Traverse City, MI 49684
- 124 S Phelps St, Decatur, MI 49045
Are deposits at First State Bank Of Michigan insured?
Yes. First State Bank Of Michigan is an FDIC-insured bank (FDIC certificate #12893). 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.
First State Bank Of Michigan: frequently asked questions
Is First State Bank Of Michigan a good bank?
First State Bank Of Michigan earns a Bankzia Trust Grade of C (77/100, "Average"), based on a financial-strength score of 77/100 (it has no CFPB complaints on record). Strongly capitalized (18.2% capital ratio); Unprofitable over the period (ROA -1.35%).
Is First State Bank Of Michigan FDIC-insured?
Yes. First State Bank Of Michigan is a FDIC-insured bank (FDIC certificate #12893). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First State Bank Of Michigan?
First State Bank Of Michigan holds $83 million in total assets, ranking 69th of 73 banks we track in Michigan. It operates 2 branches.
Does First State Bank Of Michigan have CFPB complaints?
No CFPB complaints against First State Bank Of Michigan appear in our data over the analysis window, which is typical for a bank of this size.
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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.
