First State Bank of Michigan is a state-chartered bank (fed member) headquartered in Decatur, Michigan, in business for about 156 years. At the end of Q2 2026 it reported $87.8M in total assets and $71.6M in deposits, with 2 offices.
First State Bank of Michigan has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 24% of its 546 banks with under $100 million in assets. Among 72 banks headquartered in Michigan, it ranks 42nd. Problem-loan coverage contributes the most (92/100, 4.0%); earnings contributes the least (0/100, -1.32%).
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 fell 6 points (70 → 64), mostly because the funding & liquidity component weakened by 23 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 86 |
| Q3 2024 | 71 |
| Q4 2024 | 77 |
| Q1 2025 | 74 |
| Q2 2025 | 70 |
| Q3 2025 | 65 |
| Q4 2025 | 61 |
| Q1 2026 | 67 |
| Q2 2026 | 64 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 21.78% |
| Q3 2024 | 20.64% |
| Q4 2024 | 22.08% |
| Q1 2025 | 19.77% |
| Q2 2025 | 21.15% |
| Q3 2025 | 19.53% |
| Q4 2025 | 18.30% |
| Q1 2026 | 14.74% |
| Q2 2026 | 13.89% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.86% |
| Q4 2024 | 0.33% |
| Q1 2025 | 0.61% |
| Q2 2025 | 1.09% |
| Q3 2025 | 1.61% |
| Q4 2025 | 1.97% |
| Q1 2026 | 1.09% |
| Q2 2026 | 0.88% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.31% |
| Q3 2024 | -1.36% |
| Q4 2024 | -0.81% |
| Q1 2025 | -1.73% |
| Q2 2025 | -1.48% |
| Q3 2025 | -1.48% |
| Q4 2025 | -1.48% |
| Q1 2026 | -1.35% |
| Q2 2026 | -1.32% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $87.8M | 13.89% | 0.88% | -1.32% | 88.3% |
| Q1 2026 | 67 | $83.2M | 14.74% | 1.09% | -1.35% | 75.8% |
| Q4 2025 | 61 | $80.5M | 18.30% | 1.97% | -1.48% | 67.0% |
| Q3 2025 | 65 | $65.3M | 19.53% | 1.61% | -1.48% | 68.1% |
| Q2 2025 | 70 | $62.3M | 21.15% | 1.09% | -1.48% | 63.5% |
| Q1 2025 | 74 | $63.7M | 19.77% | 0.61% | -1.73% | 53.5% |
| Q4 2024 | 77 | $59.6M | 22.08% | 0.33% | -0.81% | 58.9% |
| Q3 2024 | 71 | $54.0M | 20.64% | 0.86% | -1.36% | 65.4% |
| Q2 2024 | 86 | $53.7M | 21.78% | 0.00% | 0.31% | 63.8% |
546 peers · Under $100 million in assets
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 |
|---|---|---|---|---|---|
| Mayville State BankBank Mayville, MI | 63 out of 100, Moderate | $94.6M | 11.7% | 2.09% | vs |
| Huron State BankBank Rogers City, MI | 63 out of 100, Moderate | $95.1M | 12.4% | 2.05% | vs |
| Homestead Savings BankBank Albion, MI | 68 out of 100, Moderate | $71.6M | 9.4% | 0.24% | vs |
| JPMorgan Chase Bank, DearbornBank Dearborn, MI | 94 out of 100, Very strong | $71.5M | 99.6% | 0.00% | vs |
| The Port Austin State BankBank Port Austin, MI | 95 out of 100, Very strong | $67.8M | 18.4% | 0.00% | vs |
| The First National Bank of WakefieldBank Wakefield, MI | 68 out of 100, Moderate | $52.6M | 10.1% | 0.71% | vs |
Deposit insurance
Is my money safe at First State Bank of Michigan?
Yes. First State Bank of Michigan is an FDIC-insured institution (FDIC certificate #12893). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 9.7% of deposits ($6.9M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 13.89%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
2 locations
Branches
First State Bank of Michigan lists 2 offices in 2 cities. Most locations:
- Decatur, MI (1)
- Traverse City, MI (1)
Identity & history
Profile
- Legal name
- First State Bank of Michigan
- Former names
- First State Bank of Decatur
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 12893
- RSSD ID
- 654047
- Primary regulator
- FED
- Holding company
- Gtsb Financial Inc
- Established
- January 1, 1870
- Headquarters
- 124 S Phelps St, Decatur, MI 49045
- Website
- www.fsbdecatur.com
- Employees
- 20
Quick answers
First State Bank of Michigan: common questions
Is First State Bank of Michigan FDIC insured?
Yes. First State Bank of Michigan is an FDIC-insured institution (FDIC certificate #12893). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is First State Bank of Michigan's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has First State Bank of Michigan ever failed?
There is no failure record for FDIC certificate #12893 in the FDIC failed bank list.
How many branches does First State Bank of Michigan have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Decatur
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Omni Community Credit UnionCredit union Battle Creek, MI | 90 out of 100, Very strong | $662.0M | 16.3% | 0.75% | vs |
| Kellogg Community Credit UnionCredit union Battle Creek, MI | 88 out of 100, Very strong | $1.0B | 16.7% | 0.41% | vs |
| Preferred Credit UnionCredit union Grand Rapids, MI | 87 out of 100, Very strong | $318.1M | 14.3% | 0.37% | vs |
| Century Bank and TrustBank Coldwater, MI | 86 out of 100, Very strong | $494.0M | 14.6% | 0.66% | vs |
| Dowagiac Area Federal Credit UnionCredit union Dowagiac, MI | 80 out of 100, Strong | $26.0M | 11.1% | 0.49% | vs |
| Kalamazoo County State BankBank Schoolcraft, MI | 77 out of 100, Strong | $118.4M | 12.1% | 0.33% | vs |