The Shelby State Bank (FDIC certificate #10157) is based in Shelby, Michigan. Its Q2 2026 call report shows $397.0M in total assets and $339.5M in deposits and 9 offices.
Based on its Q2 2026 filing, The Shelby State Bank scores 73/100, which we describe as strong. That is higher than 53% of 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 27th. Its strongest component is loan quality (100/100; 0.01%), and its lowest is capital cushion (41/100; 9.06%).
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 3 points (70 → 73), mostly because the earnings component improved by 9 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 69 |
| Q3 2024 | 68 |
| Q4 2024 | 69 |
| Q1 2025 | 69 |
| Q2 2025 | 70 |
| Q3 2025 | 69 |
| Q4 2025 | 71 |
| Q1 2026 | 72 |
| Q2 2026 | 73 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.12% |
| Q3 2024 | 8.91% |
| Q4 2024 | 9.16% |
| Q1 2025 | 9.28% |
| Q2 2025 | 9.36% |
| Q3 2025 | 8.70% |
| Q4 2025 | 9.18% |
| Q1 2026 | 9.07% |
| Q2 2026 | 9.06% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.10% |
| Q4 2024 | 0.10% |
| Q1 2025 | 0.20% |
| Q2 2025 | 0.15% |
| Q3 2025 | 0.09% |
| Q4 2025 | 0.13% |
| Q1 2026 | 0.01% |
| Q2 2026 | 0.01% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.44% |
| Q3 2024 | 0.48% |
| Q4 2024 | 0.49% |
| Q1 2025 | 0.64% |
| Q2 2025 | 0.67% |
| Q3 2025 | 0.70% |
| Q4 2025 | 0.82% |
| Q1 2026 | 0.80% |
| Q2 2026 | 0.90% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 73 | $397.0M | 9.06% | 0.01% | 0.90% | 63.6% |
| Q1 2026 | 72 | $391.5M | 9.07% | 0.01% | 0.80% | 62.2% |
| Q4 2025 | 71 | $385.8M | 9.18% | 0.13% | 0.82% | 63.4% |
| Q3 2025 | 69 | $385.8M | 8.70% | 0.09% | 0.70% | 61.6% |
| Q2 2025 | 70 | $364.4M | 9.36% | 0.15% | 0.67% | 64.4% |
| Q1 2025 | 69 | $354.0M | 9.28% | 0.20% | 0.64% | 64.1% |
| Q4 2024 | 69 | $355.2M | 9.16% | 0.10% | 0.49% | 65.3% |
| Q3 2024 | 68 | $362.0M | 8.91% | 0.10% | 0.48% | 64.1% |
| Q2 2024 | 69 | $361.6M | 9.12% | 0.00% | 0.44% | 64.2% |
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 |
|---|---|---|---|---|---|
| Union BankBank Grand Rapids, MI | 53 out of 100, Below average | $396.7M | 8.8% | 1.07% | vs |
| First National Bank & Trust Co.Bank Iron Mountain, MI | 45 out of 100, Below average | $386.4M | 9.5% | 3.22% | vs |
| First Community BankBank Harbor Springs, MI | 77 out of 100, Strong | $413.6M | 9.9% | 0.00% | vs |
| Chelsea State BankBank Chelsea, MI | 75 out of 100, Strong | $416.5M | 12.8% | 1.33% | vs |
| Upper Peninsula State BankBank Escanaba, MI | 72 out of 100, Strong | $371.7M | 13.4% | 1.09% | vs |
| State Savings BankBank Frankfort, MI | 61 out of 100, Moderate | $431.2M | 8.8% | 0.20% | vs |
Deposit insurance
Is my money safe at The Shelby State Bank?
Yes. The Shelby State Bank is an FDIC-insured institution (FDIC certificate #10157). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 16.4% of deposits ($55.6M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.06%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.75% (benchmark: 10%).
9 locations
Branches
The Shelby State Bank lists 9 offices in 9 cities. Most locations:
- Dalton Township, MI (1)
- Fruitport Township, MI (1)
- Hart, MI (1)
- Hesperia, MI (1)
- Ludington, MI (1)
- Montague, MI (1)
- Pentwater, MI (1)
- Shelby, MI (1)
- Whitehall Township, MI (1)
HMDA 2025
Mortgage lending
In 2025, The Shelby State Bank reported 105 home-loan applications under HMDA (LEI 254900LUVSH5K254AU10): 70 originated ($17,660,000 total), 14 denied, and 11 withdrawn or closed by the applicant. Its denial rate on decided applications was 14.9%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- The Shelby State Bank
- Former names
- The State Bank of Hesperia
- Type
- State-chartered bank
- FDIC certificate #
- 10157
- RSSD ID
- 961343
- Primary regulator
- FDIC
- Holding company
- Shelby Financial Corp
- Established
- March 2, 1910
- Headquarters
- 242 N Michigan Ave, Shelby, MI 49455
- Website
- www.shelbybank.com
- Employees
- 79
Quick answers
The Shelby State Bank: common questions
Is The Shelby State Bank FDIC insured?
Yes. The Shelby State Bank is an FDIC-insured institution (FDIC certificate #10157). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is The Shelby State Bank's TellerScore?
73 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 The Shelby State Bank ever failed?
There is no failure record for FDIC certificate #10157 in the FDIC failed bank list.
How many branches does The Shelby State Bank have?
9 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Shelby
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Lake-Osceola State BankBank Baldwin, MI | 85 out of 100, Very strong | $469.4M | 12.5% | 0.24% | vs |
| Harborlight Credit UnionCredit union Whitehall, MI | 76 out of 100, Strong | $170.1M | 11.3% | 0.35% | vs |
| Family Financial Credit UnionCredit union Norton Shores, MI | 66 out of 100, Moderate | $175.6M | 11.1% | 0.89% | vs |
| Fifth Third Bank, National AssociationBank Cincinnati, OH | 62 out of 100, Moderate | $299.2B | 10.0% | 0.84% | vs |
| PNC Bank, National AssociationBank Wilmington, DE | 62 out of 100, Moderate | $609.8B | 9.0% | 0.74% | vs |
| ChoiceOne BankBank Sparta, MI | 61 out of 100, Moderate | $4.5B | 9.3% | 1.00% | vs |