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The State Savings Bank Of Manistique

Manistique, MI · Est. 1917 · Website ↗
B
Trust Grade
Strong
Score: 87/100

The State Savings Bank Of Manistique is a bank based in Manistique, Michigan, established in 1917, with $183 million in total assets across 3 branches. By Trust Grade it ranks 65th of 73 banks we track in Michigan. Its capital ratio of 7.6% trails most similarly sized banks (11th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 0.66% return on assets. No consumer complaints against The State Savings Bank Of Manistique appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$182.8M
$100M–1B institution
Deposits
$159.2M
Branches
3
Capital ratio
7.6%
Bottom 11% of $100M–1B peers · Michigan median 9.6%
Return on assets
0.7%
Bottom 19% of $100M–1B peers · Michigan median 1.15%
Rank in Michigan
#65
of 73 banks

How The State Savings Bank Of Manistique compares to Michigan peers

Capital ratio
Bottom 11% of $100M–1B peers
The State
7.6%
Michigan median
9.6%
Higher capital ratio = stronger financial cushion
Return on assets
Bottom 19% of $100M–1B peers
The State
0.7%
Michigan median
1.1%
Higher ROA = more profitable relative to asset base

How we graded The State Savings Bank Of Manistique

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
87/100
Customer experience
n/a
Overall
B · 87
  • Well-capitalized (7.6% capital ratio)
  • Profitable (ROA 0.66%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for The State Savings Bank Of Manistique over the analysis window. For a smaller institution this is common and counts in its favor.

Branch locations (3)

  • W17310 Main St, Curtis, MI 49820
  • 2920 Us 2, Gulliver, MI 49840
  • 101 S Cedar St, Manistique, MI 49854

Are deposits at The State Savings Bank Of Manistique insured?

Yes. The State Savings Bank Of Manistique is an FDIC-insured bank (FDIC certificate #13249). 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.

The State Savings Bank Of Manistique: frequently asked questions

Is The State Savings Bank Of Manistique a good bank?

The State Savings Bank Of Manistique earns a Bankzia Trust Grade of B (87/100, "Strong"), based on a financial-strength score of 87/100 (it has no CFPB complaints on record). Well-capitalized (7.6% capital ratio); Profitable (ROA 0.66%).

Is The State Savings Bank Of Manistique FDIC-insured?

Yes. The State Savings Bank Of Manistique is a FDIC-insured bank (FDIC certificate #13249). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.

How big is The State Savings Bank Of Manistique?

The State Savings Bank Of Manistique holds $183 million in total assets, ranking 65th of 73 banks we track in Michigan. It operates 3 branches.

Does The State Savings Bank Of Manistique have CFPB complaints?

No CFPB complaints against The State Savings Bank Of Manistique 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.

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