Peoples State Bank of Munising: how it compares with its peers
Against 20 MI banks with half to twice its assets, Peoples State Bank of Munising's strongest measure in Q2 2026 is assets per employee ($5.4M vs. a $5.9M peer median). Its weakest relative measure is return on assets (0.43% vs. 0.93%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.43% | 0.93% | Bottom third Ahead of 10% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.36% | 4.24% | Middle third Ahead of 35% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 83.64% | 69.86% | Bottom third Ahead of 10% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.4M | $5.9M | Middle third Ahead of 40% of peers |
| Loans to deposits Net loans and leases over total deposits. | 76.41% | 73.28% | Context |
What it means for lending operations
Its efficiency ratio of 83.64% is above the 69.86% 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
- Northern Interstate Bank, N. A. Norway, MI · $194M
- The State Savings Bank of Manistique Manistique, MI · $178M
- Bank Michigan Brooklyn, MI · $176M
- Baybank Gladstone, MI · $173M
- Capitol National Bank Lansing, MI · $209M
- Bay Port State Bank Bay Port, MI · $153M
Questions about Peoples State Bank of Munising
How big is Peoples State Bank of Munising?
Peoples State Bank of Munising, established in 1910, is headquartered in Munising, MI. It reported $190M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Peoples State Bank of Munising's return on assets?
0.43% annualized in Q2 2026, against a 0.93% median for 20 MI banks with half to twice its assets, ahead of 10% of them.
What is Peoples State Bank of Munising's efficiency ratio?
83.64% in Q2 2026: it spent about 84 cents in noninterest expense for each dollar of revenue. The peer median is 69.86%, and lower is better.
Is Peoples State Bank of Munising growing its loans?
Net loans shrank 3.3% over the year to Q2 2026, while deposits shrank 5.2%.
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.