Central Savings Bank: how it compares with its peers
Against 32 MI banks with half to twice its assets, Central Savings Bank's strongest measure in Q2 2026 is return on assets (2.04% vs. a 1.15% peer median). Its weakest relative measure is assets per employee ($7.0M vs. $6.0M).
| Measure | Central Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.04% | 1.15% | Top third Ahead of 94% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.88% | 4.14% | Top third Ahead of 91% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 44.17% | 65.79% | Top third Ahead of 94% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.0M | $6.0M | Top third Ahead of 78% of peers |
| Loans to deposits Net loans and leases over total deposits. | 76.77% | 75.57% | Context |
What it means for lending operations
Its efficiency ratio of 44.17% is better than the 65.79% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Grand River Bank Grandville, MI · $507M
- Century Bank and Trust Coldwater, MI · $494M
- 1st State Bank Saginaw, MI · $490M
- Eaton Community Bank Charlotte, MI · $543M
- Commercial Bank Ithaca, MI · $553M
- Eastern Michigan Bank Croswell, MI · $554M
Questions about Central Savings Bank
How big is Central Savings Bank?
Central Savings Bank, established in 1902, is headquartered in Sault Sainte Marie, MI. It reported $517M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Central Savings Bank's return on assets?
2.04% annualized in Q2 2026, against a 1.15% median for 32 MI banks with half to twice its assets, ahead of 94% of them.
What is Central Savings Bank's efficiency ratio?
44.17% in Q2 2026: it spent about 44 cents in noninterest expense for each dollar of revenue. The peer median is 65.79%, and lower is better.
Is Central Savings Bank growing its loans?
Net loans grew 27.8% over the year to Q2 2026, while deposits grew 6.9%.
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.