1st State Bank: how it compares with its peers
Against 32 MI banks with half to twice its assets, 1st State Bank's strongest measure in Q2 2026 is assets per employee ($6.5M vs. a $6.1M peer median). Its weakest relative measure is return on assets (1.35% vs. 1.31%).
| Measure | 1st State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.35% | 1.31% | Middle third Ahead of 53% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.32% | 4.18% | Middle third Ahead of 56% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 60.93% | 64.10% | Middle third Ahead of 63% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.5M | $6.1M | Top third Ahead of 69% of peers |
| Loans to deposits Net loans and leases over total deposits. | 74.23% | 75.57% | Context |
What it means for lending operations
Its efficiency ratio of 60.93% is better than the 64.10% 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
- Century Bank and Trust Coldwater, MI · $494M
- Grand River Bank Grandville, MI · $507M
- Citizens National Bank of Cheboygan Cheboygan, MI · $471M
- Lake-Osceola State Bank Baldwin, MI · $469M
- Central Savings Bank Sault Sainte Marie, MI · $517M
- Honor Bank Honor, MI · $443M
Questions about 1st State Bank
How big is 1st State Bank?
1st State Bank, established in 2004, is headquartered in Saginaw, MI. It reported $490M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is 1st State Bank's return on assets?
1.35% annualized in Q2 2026, against a 1.31% median for 32 MI banks with half to twice its assets, ahead of 53% of them.
What is 1st State Bank's efficiency ratio?
60.93% in Q2 2026: it spent about 61 cents in noninterest expense for each dollar of revenue. The peer median is 64.10%, and lower is better.
Is 1st State Bank growing its loans?
Net loans grew 1.3% over the year to Q2 2026, while deposits grew 9.6%.
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.