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State Savings Bank of Manistique, The

Manistique, MI · Cert 13249 · SSB Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

7

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

30

Q2 2024Q2 2026peer median (50)

Liquidity

44

Q2 2024Q2 2026peer median

Efficiency

31

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

State Savings Bank of Manistique, The

Manistique, MI · Cert 13249 · SSB Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

$178.2MAssets
$93.2MLoans
$154.1MDeposits
$14.4MEquity
Loan mix
82%RE $77.4M11%C&I $10.3M7%Consumer $6.2MQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $142.5M8%Noninterest $11.6MQ2 2025Q2 2026

NIM

3.85%Q2 ’244.14%Q2 ’254.59%Q2 ’26+3%+12%

Non-interest income vs. expense

2.09%Q2 ’242.19%Q2 ’252.31%Q2 ’26+4%+19%

Executive Summary

  • Earnings: ROA of 0.77%, unchanged from a year ago; NIM at 2.94%.
  • Asset quality: problem loans at 0.70% of loans (+63 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.64%, down 59 bps from a year ago.
  • Funding: loans stand at 60.47% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.77%0 bps YoY

Net Interest Margin (YTD, annualized)

2.94%+32 bps YoY

Efficiency Ratio (YTD, annualized)

72.47%+115 bps YoY

Tier 1 Leverage Ratio

9.64%-59 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.76%0.61%0.66%0.77%0 bps
Return on Equity10.59%10.12%8.15%8.64%9.93%-66 bps
Net Interest Margin2.62%2.65%2.70%2.85%2.94%+32 bps
Efficiency Ratio71.32%70.33%69.67%75.16%72.47%+115 bps
Non-Interest Burden1.74%1.74%1.75%2.08%2.07%+32 bps
Growth
Asset Growth (YoY)-0.41%3.23%10.75%8.88%7.50%+791 bps
Loan Growth (YoY)4.51%3.28%5.43%12.37%8.75%+424 bps
Deposit Growth (YoY)-1.83%-0.14%12.80%14.19%11.34%+1,317 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.09%0.09%0.14%0.70%+63 bps
Net Charge-Offs / Loans0.25%0.17%0.12%0.01%0.01%-25 bps
Allowance / Loans1.06%1.07%1.06%1.03%1.07%+1 bps
Allowance Coverage of NPLs15.2x12.3x12.2x7.6x1.5x-13.6x
Capital
Tier 1 Leverage Ratio10.23%10.20%10.03%9.46%9.64%-59 bps
Total Risk-Based Capital10.23%10.20%10.03%9.46%9.64%-59 bps
Equity / Assets7.77%8.03%7.71%7.59%8.06%+29 bps
Liquidity & Funding
Loans / Deposits61.91%62.02%57.88%59.32%60.47%-144 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.57%+57 bps
CRE / Total Capitaln/a199.52%212%222%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

State Savings Bank of Manistique, The

Manistique, MI · Cert 13249 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · SSB Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

$178.2MAssets
$93.2MLoans
$154.1MDeposits
$14.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 63% of banks under $1B in assets operating in a single state (rank 283 of 743).
  • Widest gap: total risk-based capital ratio trails 96% of banks under $1B in assets operating in a single state (rank 717 of 746).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.78%

Rank 527 of 746

Net Interest Margin

2.94%

Rank 628 of 746

Efficiency Ratio

72.47%

Rank 515 of 746

Equity / Assets

8.06%

Rank 643 of 746

Non-interest income vs. expense

$0.4M$4.1MINCOMEEXPENSE
Unfavorable gap of $3.7M · efficiency ratio beats 31% of banks under $1B in assets operating in a single state
Bank 72.47%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.78%0.72%1.06%1.45%Beats 29%527 / 746
Return on Equity9.73%6.74%10.51%13.63%Beats 45%414 / 746
Net Interest Margin2.94%3.17%3.68%4.16%Beats 16%628 / 746
Efficiency Ratio72.47%55.74%64.58%75.47%Beats 31%515 / 746
Asset Quality
Nonperforming Loans / Loans0.70%0.09%0.42%1.07%Beats 37%468 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 63%283 / 743
Capital
Tier 1 Capital Ratio9.64%11.55%13.75%17.60%Beats 4%717 / 746
Total Risk-Based Capital Ratio9.64%11.71%14.33%18.43%Beats 4%717 / 746
Equity / Assets8.06%8.90%10.51%13.06%Beats 14%643 / 746
Liquidity & Funding
Loans / Deposits60.47%61.31%78.27%90.78%23rd pctl571 / 746
Loans / Assets52.28%53.60%66.97%76.08%23rd pctl576 / 746
Brokered Deposits / Depositsn/aNot reported for this institution