The State Savings Bank Of Manistique
FDIC #13249
📍 Manistique, Michigan
The State Savings Bank Of Manistique is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 07/07/1917. With assets of $160.21 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 2, 2020
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 2, 2020
Satisfactory
June 28, 2016
Satisfactory
March 27, 2012
Satisfactory
💰 Financial Strength
Total Assets$160.21 Million
Total Deposits$140.15 Million
Equity Capital$8.21 Million
Net Income$814,000
📈 Performance
ROA0.68%
ROE12.32%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established07/07/1917
FDIC Cert13249
Holding CoSsb Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 4:00 PM
SaturdayClosed
SundayClosed