Central Savings Bank is a state-chartered bank (fed member) headquartered in Sault Sainte Marie, Michigan, in business for about 124 years. At the end of Q2 2026 it reported $516.8M in total assets and $447.4M in deposits, with 9 offices.
Central Savings Bank has a TellerScore of 74 out of 100 (strong) based on Q2 2026 data — higher than 57% of its 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 24th. Earnings contributes the most (100/100, 2.04%); capital cushion contributes the least (45/100, 9.54%).
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
The score has been essentially flat from Q2 2025 to Q2 2026 (73 → 74).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 69 |
| Q3 2024 | 69 |
| Q4 2024 | 68 |
| Q1 2025 | 75 |
| Q2 2025 | 73 |
| Q3 2025 | 74 |
| Q4 2025 | 74 |
| Q1 2026 | 77 |
| Q2 2026 | 74 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.39% |
| Q3 2024 | 8.34% |
| Q4 2024 | 8.46% |
| Q1 2025 | 8.88% |
| Q2 2025 | 9.14% |
| Q3 2025 | 9.33% |
| Q4 2025 | 9.25% |
| Q1 2026 | 9.64% |
| Q2 2026 | 9.54% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.14% |
| Q3 2024 | 0.19% |
| Q4 2024 | 0.51% |
| Q1 2025 | 0.08% |
| Q2 2025 | 0.07% |
| Q3 2025 | 0.05% |
| Q4 2025 | 0.04% |
| Q1 2026 | 0.01% |
| Q2 2026 | 0.16% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.43% |
| Q3 2024 | 1.40% |
| Q4 2024 | 1.56% |
| Q1 2025 | 1.78% |
| Q2 2025 | 1.52% |
| Q3 2025 | 1.57% |
| Q4 2025 | 1.82% |
| Q1 2026 | 2.26% |
| Q2 2026 | 2.04% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 74 | $516.8M | 9.54% | 0.16% | 2.04% | 76.8% |
| Q1 2026 | 77 | $488.2M | 9.64% | 0.01% | 2.26% | 75.6% |
| Q4 2025 | 74 | $487.1M | 9.25% | 0.04% | 1.82% | 76.7% |
| Q3 2025 | 74 | $486.1M | 9.33% | 0.05% | 1.57% | 62.9% |
| Q2 2025 | 73 | $459.7M | 9.14% | 0.07% | 1.52% | 64.2% |
| Q1 2025 | 75 | $456.3M | 8.88% | 0.08% | 1.78% | 58.3% |
| Q4 2024 | 68 | $456.8M | 8.46% | 0.51% | 1.56% | 60.0% |
| Q3 2024 | 69 | $471.4M | 8.34% | 0.19% | 1.40% | 57.8% |
| Q2 2024 | 69 | $452.5M | 8.39% | 0.14% | 1.43% | 53.3% |
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 |
|---|---|---|---|---|---|
| Grand River BankBank Grandville, MI | 65 out of 100, Moderate | $507.3M | 10.2% | 0.17% | vs |
| Century Bank and TrustBank Coldwater, MI | 86 out of 100, Very strong | $494.0M | 14.6% | 0.66% | vs |
| 1st State BankBank Saginaw, MI | 76 out of 100, Strong | $490.1M | 12.3% | 0.35% | vs |
| Eaton Community BankBank Charlotte, MI | 71 out of 100, Strong | $543.5M | 12.9% | 1.23% | vs |
| Commercial BankBank Ithaca, MI | 75 out of 100, Strong | $552.7M | 10.9% | 0.39% | vs |
| Eastern Michigan BankBank Croswell, MI | 79 out of 100, Strong | $553.6M | 12.0% | 0.63% | vs |
Deposit insurance
Is my money safe at Central Savings Bank?
Yes. Central Savings Bank is an FDIC-insured institution (FDIC certificate #1095). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 45.6% of deposits ($204.0M) 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 9.54%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.76% (benchmark: 10%).
9 locations
Branches
Central Savings Bank lists 9 offices in 8 cities. Most locations:
- Sault Sainte Marie, MI (2)
- Cedarville, MI (1)
- De Tour, MI (1)
- Kincheloe, MI (1)
- Mackinac Island, MI (1)
- Pickford, MI (1)
- Rudyard, MI (1)
- St. Ignace, MI (1)
Identity & history
Profile
- Legal name
- Central Savings Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 1095
- RSSD ID
- 382050
- Primary regulator
- FED
- Holding company
- Central Bank Corp
- Established
- December 2, 1902
- Headquarters
- 511 Bingham Ave, Sault Sainte Marie, MI 49783
- Website
- www.centralsavingsbank.com
- Employees
- 74
Quick answers
Central Savings Bank: common questions
Is Central Savings Bank FDIC insured?
Yes. Central Savings Bank is an FDIC-insured institution (FDIC certificate #1095). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Central Savings Bank's TellerScore?
74 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 Central Savings Bank ever failed?
There is no failure record for FDIC certificate #1095 in the FDIC failed bank list.
How many branches does Central Savings Bank have?
9 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Sault Sainte Marie
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Soo Co-Op Credit UnionCredit union Sault Sainte Ma, MI | 88 out of 100, Very strong | $324.4M | 13.7% | 0.32% | vs |
| U.P. State Credit UnionCredit union Escanaba, MI | 79 out of 100, Strong | $210.3M | 13.2% | 1.10% | vs |
| Limestone Financial Credit UnionCredit union Manistique, MI | 65 out of 100, Moderate | $83.1M | 10.7% | 0.55% | vs |
| Nicolet National BankBank Green Bay, WI | 64 out of 100, Moderate | $15.4B | 9.6% | 0.63% | vs |
| The Huntington National BankBank Columbus, OH | 59 out of 100, Moderate | $283.1B | 9.3% | 1.06% | vs |
| 4front Credit UnionCredit union Traverse City, MI | 54 out of 100, Below average | $1.0B | 10.2% | 1.73% | vs |