Charlevoix State Bank: how it compares with its peers
Against 27 MI banks with half to twice its assets, Charlevoix State Bank's strongest measure in Q2 2026 is return on assets (2.31% vs. a 0.95% peer median). Its weakest relative measure is assets per employee ($6.4M vs. $5.8M).
| Measure | Charlevoix State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.31% | 0.95% | Top third Ahead of 100% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.63% | 4.23% | Top third Ahead of 78% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.92% | 66.99% | Top third Ahead of 89% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.4M | $5.8M | Top third Ahead of 70% of peers |
| Loans to deposits Net loans and leases over total deposits. | 59.04% | 74.23% | Context |
What it means for lending operations
Its efficiency ratio of 56.92% is better than the 66.99% 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
- Mi Bank Bloomfield Township, MI · $245M
- Capitol National Bank Lansing, MI · $209M
- Huron Valley State Bank Milford, MI · $292M
- Northern Interstate Bank, N. A. Norway, MI · $194M
- Peoples State Bank of Munising Munising, MI · $190M
- Dearborn Federal Savings Bank Dearborn, MI · $307M
Questions about Charlevoix State Bank
How big is Charlevoix State Bank?
Charlevoix State Bank, established in 1994, is headquartered in Charlevoix, MI. It reported $248M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is Charlevoix State Bank's return on assets?
2.31% annualized in Q2 2026, against a 0.95% median for 27 MI banks with half to twice its assets, ahead of 100% of them.
What is Charlevoix State Bank's efficiency ratio?
56.92% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 66.99%, and lower is better.
Is Charlevoix State Bank growing its loans?
Net loans grew 7.8% over the year to Q2 2026, while deposits grew 1.8%.
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.