Vitals
  • Total Assets
    233.6M 2.0 %
  • Total Deposits
    204.3M 2.8 %
  • Total Net Loans
    142.5M 4.9 %
  • Net Income
    1.7M 3.0 %
  • Book Value
    20.5M 0.0 %
  • Book Value x2
    41.1M 0.0 %
  • Book Value x3
    61.6M 0.0 %
ROAA

.742

ROAE

8.156

Efficiency Ratio

80.38

Net Interest Margin

3.768

Balance Sheet Highlights
Financial Highlights The Shelby State Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 233,617 330,697
Total Net Loans 142,454 227,599
Total Deposits 204,284 278,247
Total Equity 20,548 33,935
Profitability
Net Income 1,709 3,589
Return on Average Assets .742 .954
Return on Average Equity 8.156 8.772
Net Interest Margin 3.768 3.821
Efficiency Ratio 80.38 71.925
Noninterest Income/Revenue 30.826 24.061
Balance Sheet Ratios
Loan-to-Deposit 69.733 76.845
Securities/Assets .279 .16
Total Equity/Total Assets .088 .103
Tangible Equity/Tangible Assets .08 .098
Capital Adequacy
Tier 1 Common Capital 20,375 32,553
Tier 1 Capital 20,375 32,664
Tier 2 Capital 1,624 2,479
Total Capital 21,999 35,133
Total Risk Weighted Assets 168,957 242,208
Leverage Ratio 8.75 10.341
Common Equity Tier 1 Capital Ratio 12.06 15.339
Tier 1 Capital Ratio 12.06 15.393
Total Capital Ratio 13.02 16.423

Timeline for The Shelby State Bank

Ssb Mortgage Company

Ssb Mortgage Company became a new subsidiary organization for The Shelby State Bank.

View Profile Aug 01 2001

Gales Insurance Agency

Gales Insurance Agency became a new subsidiary organization for The Shelby State Bank.

View Profile Oct 01 1999

Hesperia Branch

Acquisition: The Shelby State Bank acquired a new subsidiary, Hesperia Branch , 33 years

View Profile Oct 01 1990

Shelby Financial Corporation

Shelby Financial Corporation became a new parent organization for The Shelby State Bank.

View Profile May 14 1990

The Shelby State Bank

The Shelby State Bank was established 114 years ago and is currently headquartered in Shelby, MI.

Mar 02 1910
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Hesperia Branch Seller Discontinued 10/1/1990
Relationships Role Relationship Start Relationship End
Shelby Financial Corporation Parent 5/14/1990
Gales Insurance Agency Subsidary 6/30/2007
Ssb Mortgage Company Subsidary 6/30/2007 12/16/2008
Gales Insurance Agency Subsidary 10/1/1999 6/29/2007
Ssb Mortgage Company Subsidary 8/1/2001 6/29/2007
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