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Port Austin State Bank, The

Port Austin, MI · Cert 14999

State charter, non-member · FDIC · 1 branch

Q2 2026

$67.8MAssets
$45.9MLoans
$54.6MDeposits
$12.5MEquity
Loan mix
93%RE $38.5M3%C&I $1.1M5%Consumer $2.0MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $36.7M33%Noninterest $17.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.44%, up 10 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.44%, up 84 bps from a year ago.
  • Funding: loans stand at 84.18% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.44%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.94%+27 bps YoY

Efficiency Ratio (YTD, annualized)

54.41%+76 bps YoY

Tier 1 Leverage Ratio

18.44%+84 bps YoY

NIM

4.09%Q2 ’244.56%Q2 ’254.66%Q2 ’26+7%+7%

Non-interest income vs. expense

1.88%Q2 ’242.00%Q2 ’252.17%Q2 ’26+7%+9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.30%1.33%1.34%1.38%1.39%1.38%1.44%+10 bps
Return on Equity8.14%7.92%7.95%7.85%7.99%7.91%7.53%7.83%-3 bps
Net Interest Margin3.36%3.40%3.50%3.67%3.69%3.79%3.90%3.94%+27 bps
Efficiency Ratio51.93%53.57%52.75%53.65%52.67%53.67%55.99%54.41%+76 bps
Non-Interest Burden1.71%1.79%1.82%1.94%1.92%2.00%2.16%2.12%+18 bps
Growth
Asset Growth (YoY)4.49%4.22%5.21%-1.27%-3.34%-5.11%-0.98%0.81%+208 bps
Loan Growth (YoY)1.49%1.92%-0.95%-0.71%3.12%2.87%4.41%3.60%+431 bps
Deposit Growth (YoY)3.56%3.91%4.85%-3.03%-5.15%-7.61%-2.32%-0.04%+299 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.01%0.01%0.00%0.00%0.00%-1 bps
Allowance / Loans0.71%0.73%0.73%0.70%0.71%0.73%0.72%0.71%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio16.49%16.57%16.91%17.61%17.75%17.97%18.24%18.44%+84 bps
Total Risk-Based Capital16.49%16.57%16.91%17.61%17.75%17.97%18.24%18.44%+84 bps
Equity / Assets16.49%16.44%16.96%17.79%17.98%18.55%18.05%18.45%+67 bps
Liquidity & Funding
Loans / Deposits75.64%74.98%75.30%81.22%82.24%83.49%80.49%84.18%+296 bps
Liquid Assets / Assets0.76%0.91%0.15%0.15%0.15%0.16%0.25%0.26%+10 bps
CRE / Total Capitaln/an/an/an/a86.88%79.20%77.19%n/an/a