The State Bank

Major Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.5 on a scale of 0 to 10). Good current capitalization (6.9 on a scale of 0 to 10) based on a risk-based capital ratio of 12.1 and a capital leverage ratio of 8.9.

Other Rating Factors: A current level of 3.3 percent of nonperforming loans to core capital combined with 1.5 percent from a year earlier contributes to the Good asset quality (6.8). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 1.0 has resulted in Good (5.1) profitability.

Asset Mix: Comm re (41%), home mtgs (26%), comm loans (7%), securities (6%), cash (5%), home eq lns (3%), consumer loans (0%), other (12%)

States with Branches: MI

Asset Quality

Non-Performing Loans to Capital

3.25%

Non-Performing Assets to Assets

0.35%

Non-Performing Loans to Loans

0.38%

Loan Loss Reserves to Loans

1.04%

Charge-Offs to Average Loans

-0.04%

5-Year Charge-Offs to Average Loans

0.03%

5-Year Asset Growth

17.52%

1-Year Asset Growth

2.94%

Profitability

Operating Profit to Average Assets

1.23%

Return on Equity

11.56%

Net Interest Spread

3.25%

5-Year ROAA (Return on Average Assets)

1.27%

Overhead Efficiency Ratio

66.11%

Liquidity

Liquidity Ratio

10.85%

Hot Money

11.99%

Corporate Info

Group Affiliation

Fentura Financial, Inc.

Investment Rating

Address

175 North Leroy Street
Fenton, MI 48430

Phone Number

(810) 629-2263

Year Founded

1898

FDIC Number

11406

Website

http://www.thestatebank.com

Largest Affiliates

No affiliate information available.