PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $6.2MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $142.5M8%Noninterest $11.6MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.57%0.39%0.69%0.77%0.76%0.61%0.66%0.77%0 bps
Return on Equity8.67%5.90%9.74%10.59%10.12%8.15%8.64%9.93%-66 bps
Net Interest Margin2.53%2.57%2.51%2.62%2.65%2.70%2.85%2.94%+32 bps
Efficiency Ratio71.45%78.21%73.45%71.32%70.33%69.67%75.16%72.47%+115 bps
Non-Interest Burden1.69%1.95%1.72%1.74%1.74%1.75%2.08%2.07%+32 bps
Growth
Asset Growth (YoY)2.44%3.00%3.27%-0.41%3.23%10.75%8.88%7.50%+791 bps
Loan Growth (YoY)18.10%15.08%10.17%4.51%3.28%5.43%12.37%8.75%+424 bps
Deposit Growth (YoY)0.46%-0.15%-0.56%-1.83%-0.14%12.80%14.19%11.34%+1,317 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.53%0.08%0.07%0.09%0.09%0.14%0.70%+63 bps
Net Charge-Offs / Loans0.12%0.07%0.54%0.25%0.17%0.12%0.01%0.01%-25 bps
Allowance / Loans1.11%1.14%1.05%1.06%1.07%1.06%1.03%1.07%+1 bps
Allowance Coverage of NPLs2.2x2.1x12.8x15.2x12.3x12.2x7.6x1.5x-13.6x
Capital
Tier 1 Leverage Ratio10.31%10.19%10.10%10.23%10.20%10.03%9.46%9.64%-59 bps
Total Risk-Based Capital10.31%10.19%10.10%10.23%10.20%10.03%9.46%9.64%-59 bps
Equity / Assets7.54%6.86%7.25%7.77%8.03%7.71%7.59%8.06%+29 bps
Liquidity & Funding
Loans / Deposits59.97%61.92%60.28%61.91%62.02%57.88%59.32%60.47%-144 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.57%+57 bps
CRE / Total Capitaln/an/an/an/a199.52%212%222%n/an/a