Headquartered in Saginaw, Michigan, 1st State Bank is a state-chartered bank with $490.1M in total assets and $428.8M in deposits as of Q2 2026. It operates 5 offices. Its charter dates back to 2004.
Based on its Q2 2026 filing, 1st State Bank scores 76/100, which we describe as strong. That is higher than 64% of 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 18th. Its strongest component is problem-loan coverage (95/100; 2.4%), and its lowest is funding & liquidity (55/100; 74% loans-to-deposits, 43% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 6 points (70 → 76), mostly because the loan quality component improved by 9 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 57 |
| Q3 2024 | 64 |
| Q4 2024 | 66 |
| Q1 2025 | 66 |
| Q2 2025 | 70 |
| Q3 2025 | 72 |
| Q4 2025 | 73 |
| Q1 2026 | 73 |
| Q2 2026 | 76 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.09% |
| Q3 2024 | 10.43% |
| Q4 2024 | 10.94% |
| Q1 2025 | 11.39% |
| Q2 2025 | 11.57% |
| Q3 2025 | 11.65% |
| Q4 2025 | 11.81% |
| Q1 2026 | 11.86% |
| Q2 2026 | 12.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.34% |
| Q3 2024 | 0.89% |
| Q4 2024 | 0.86% |
| Q1 2025 | 0.98% |
| Q2 2025 | 0.63% |
| Q3 2025 | 0.60% |
| Q4 2025 | 0.66% |
| Q1 2026 | 0.65% |
| Q2 2026 | 0.35% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.85% |
| Q3 2024 | 1.00% |
| Q4 2024 | 1.09% |
| Q1 2025 | 1.17% |
| Q2 2025 | 1.25% |
| Q3 2025 | 1.34% |
| Q4 2025 | 1.40% |
| Q1 2026 | 1.37% |
| Q2 2026 | 1.35% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | $490.1M | 12.27% | 0.35% | 1.35% | 74.2% |
| Q1 2026 | 73 | $484.2M | 11.86% | 0.65% | 1.37% | 73.3% |
| Q4 2025 | 73 | $480.5M | 11.81% | 0.66% | 1.40% | 74.6% |
| Q3 2025 | 72 | $461.8M | 11.65% | 0.60% | 1.34% | 78.1% |
| Q2 2025 | 70 | $468.2M | 11.57% | 0.63% | 1.25% | 80.3% |
| Q1 2025 | 66 | $449.2M | 11.39% | 0.98% | 1.17% | 74.4% |
| Q4 2024 | 66 | $451.9M | 10.94% | 0.86% | 1.09% | 70.0% |
| Q3 2024 | 64 | $462.1M | 10.43% | 0.89% | 1.00% | 68.2% |
| Q2 2024 | 57 | $478.5M | 10.09% | 1.34% | 0.85% | 65.3% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Michigan
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Century Bank and TrustBank Coldwater, MI | 86 out of 100, Very strong | $494.0M | 14.6% | 0.66% | vs |
| Grand River BankBank Grandville, MI | 65 out of 100, Moderate | $507.3M | 10.2% | 0.17% | vs |
| Citizens National Bank of CheboyganBank Cheboygan, MI | 53 out of 100, Below average | $471.0M | 8.5% | 1.47% | vs |
| Lake-Osceola State BankBank Baldwin, MI | 85 out of 100, Very strong | $469.4M | 12.5% | 0.24% | vs |
| Central Savings BankBank Sault Sainte Marie, MI | 74 out of 100, Strong | $516.8M | 9.5% | 0.16% | vs |
| Honor BankBank Honor, MI | 71 out of 100, Strong | $442.7M | 9.8% | 0.32% | vs |
Deposit insurance
Is my money safe at 1st State Bank?
Yes. 1st State Bank is an FDIC-insured institution (FDIC certificate #57626). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 43.4% of deposits ($186.0M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.27%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.22% (benchmark: 10%).
5 locations
Branches
1st State Bank lists 5 offices in 3 cities. Most locations:
- Bay City, MI (2)
- Saginaw, MI (2)
- Midland, MI (1)
Identity & history
Profile
- Legal name
- 1st State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 57626
- RSSD ID
- 3223305
- Primary regulator
- FDIC
- Holding company
- 1st State Financial Ltd
- Established
- April 12, 2004
- Headquarters
- 4800 Fashion Square Blvd, Saginaw, MI 48604
- Website
- www.1ststate.bank
- Employees
- 75
Quick answers
1st State Bank: common questions
Is 1st State Bank FDIC insured?
Yes. 1st State Bank is an FDIC-insured institution (FDIC certificate #57626). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is 1st State Bank's TellerScore?
76 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has 1st State Bank ever failed?
There is no failure record for FDIC certificate #57626 in the FDIC failed bank list.
How many branches does 1st State Bank have?
5 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Saginaw
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Health Advantage Federal Credit UnionCredit union Saginaw, MI | 82 out of 100, Strong | $179.3M | 13.4% | 0.33% | vs |
| Consumers Professional Credit UnionCredit union Lansing, MI | 81 out of 100, Strong | $149.7M | 16.8% | 1.28% | vs |
| Genisys Credit UnionCredit union Auburn Hills, MI | 81 out of 100, Strong | $6.6B | 15.5% | 1.09% | vs |
| Thumb Bank and TrustBank Pigeon, MI | 77 out of 100, Strong | $673.3M | 9.4% | 0.03% | vs |
| Elga Credit UnionCredit union Grand Blanc, MI | 75 out of 100, Strong | $2.5B | 17.8% | 1.38% | vs |
| Lake Huron Credit UnionCredit union Saginaw, MI | 74 out of 100, Strong | $81.5M | 14.8% | 1.25% | vs |