The Shelby State Bank: how it compares with its peers
Against 30 MI banks with half to twice its assets, The Shelby State Bank's strongest measure in Q2 2026 is return on assets (0.90% vs. a 1.38% peer median). Its weakest relative measure is assets per employee ($5.0M vs. $6.3M).
| Measure | The Shelby State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.90% | 1.38% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.77% | 4.27% | Bottom third Ahead of 20% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 73.12% | 62.41% | Bottom third Ahead of 23% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.0M | $6.3M | Bottom third Ahead of 10% of peers |
| Loans to deposits Net loans and leases over total deposits. | 63.63% | 75.38% | Context |
What it means for lending operations
Its efficiency ratio of 73.12% is above the 62.41% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Union Bank Grand Rapids, MI · $397M
- First National Bank & Trust Co. Iron Mountain, MI · $386M
- First Community Bank Harbor Springs, MI · $414M
- Chelsea State Bank Chelsea, MI · $417M
- Upper Peninsula State Bank Escanaba, MI · $372M
- State Savings Bank Frankfort, MI · $431M
Questions about The Shelby State Bank
How big is The Shelby State Bank?
The Shelby State Bank, established in 1910, is headquartered in Shelby, MI. It reported $397M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is The Shelby State Bank's return on assets?
0.90% annualized in Q2 2026, against a 1.38% median for 30 MI banks with half to twice its assets, ahead of 33% of them.
What is The Shelby State Bank's efficiency ratio?
73.12% in Q2 2026: it spent about 73 cents in noninterest expense for each dollar of revenue. The peer median is 62.41%, and lower is better.
Is The Shelby State Bank growing its loans?
Net loans grew 2.6% over the year to Q2 2026, while deposits grew 3.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Michigan bank ranked.