The State Savings Bank of Manistique: how it compares with its peers
Against 21 MI banks with half to twice its assets, The State Savings Bank of Manistique's strongest measure in Q2 2026 is assets per employee ($7.4M vs. a $5.5M peer median). Its weakest relative measure is net interest margin (3.25% vs. 4.01%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.77% | 0.95% | Bottom third Ahead of 33% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.25% | 4.01% | Bottom third Ahead of 24% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 72.47% | 70.17% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $5.5M | Top third Ahead of 86% of peers |
| Loans to deposits Net loans and leases over total deposits. | 59.82% | 73.84% | Context |
What it means for lending operations
Its efficiency ratio of 72.47% is above the 70.17% 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
- Bank Michigan Brooklyn, MI · $176M
- Baybank Gladstone, MI · $173M
- Peoples State Bank of Munising Munising, MI · $190M
- Northern Interstate Bank, N. A. Norway, MI · $194M
- Bay Port State Bank Bay Port, MI · $153M
- Capitol National Bank Lansing, MI · $209M
Questions about The State Savings Bank of Manistique
How big is The State Savings Bank of Manistique?
The State Savings Bank of Manistique, established in 1917, is headquartered in Manistique, MI. It reported $178M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is The State Savings Bank of Manistique's return on assets?
0.77% annualized in Q2 2026, against a 0.95% median for 21 MI banks with half to twice its assets, ahead of 33% of them.
What is The State Savings Bank of Manistique's efficiency ratio?
72.47% in Q2 2026: it spent about 72 cents in noninterest expense for each dollar of revenue. The peer median is 70.17%, and lower is better.
Is The State Savings Bank of Manistique growing its loans?
Net loans grew 8.7% over the year to Q2 2026, while deposits grew 11.3%.
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.