TellerScore

Headquartered in Escanaba, Michigan, Upper Peninsula State Bank is a state-chartered bank with $371.7M in total assets and $303.6M in deposits as of Q2 2026. It operates 5 offices. Its charter dates back to 1902.

Based on its Q2 2026 filing, Upper Peninsula State Bank scores 72/100, which we describe as strong. That is higher than 50% of 2,650 banks with $100 million – $1 billion. Among 72 banks headquartered in Michigan, it ranks 28th. Its strongest component is problem-loan coverage (87/100; 6.3%), and its lowest is funding & liquidity (45/100; 100% loans-to-deposits, 29% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion84/100
Tier 1 leverage ratio: 13.42%
Loan quality64/100
Noncurrent loans ÷ total loans: 1.09%
Earnings76/100
Return on assets (annualized): 1.41%
Funding & liquidity45/100
Loans ÷ deposits and uninsured-deposit share: 100.5% · 28.5% uninsured
Problem-loan coverage87/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 6.34%

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 7 points (79 → 72), mostly because the loan quality component weakened by 36 points.

TellerScore
677481Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202478
Q3 202479
Q4 202479
Q1 202578
Q2 202579
Q3 202581
Q4 202567
Q1 202669
Q2 202672
Tier 1 leverage ratio
5.00%9.29%13.57%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202413.53%
Q3 202413.57%
Q4 202413.43%
Q1 202513.20%
Q2 202513.10%
Q3 202513.24%
Q4 202513.04%
Q1 202613.12%
Q2 202613.42%
Noncurrent loans
0.00%0.71%1.42%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.16%
Q3 20240.15%
Q4 20240.10%
Q1 20250.03%
Q2 20250.00%
Q3 20250.00%
Q4 20251.42%
Q1 20261.17%
Q2 20261.09%
Return on assets
0.84%1.12%1.41%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.96%
Q3 20241.03%
Q4 20241.09%
Q1 20250.84%
Q2 20251.07%
Q3 20251.23%
Q4 20251.24%
Q1 20261.28%
Q2 20261.41%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202672$371.7M13.42%1.09%1.41%100.5%
Q1 202669$371.0M13.12%1.17%1.28%98.2%
Q4 202567$361.5M13.04%1.42%1.24%99.8%
Q3 202581$356.8M13.24%0.00%1.23%95.0%
Q2 202579$349.0M13.10%0.00%1.07%94.1%
Q1 202578$352.3M13.20%0.03%0.84%89.2%
Q4 202479$330.3M13.43%0.10%1.09%94.4%
Q3 202479$328.1M13.57%0.15%1.03%91.9%
Q2 202478$322.2M13.53%0.16%0.96%92.4%

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).

Capital ratio13.42%
78th
Total risk-based capital0.00%
24th
Problem loans1.09%
26th
Net charge-offs-0.00%
77th
Return on assets1.41%
60th
Net interest margin4.48%
79th
Efficiency ratio60.7%
55th
Loans to deposits100.5%
10th
Uninsured deposits28.5%
33rd
Loan-loss reserves1.31%
64th
Texas ratio6.3%
29th

Similar-size banks in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
First National Bank & Trust Co.Bank Iron Mountain, MI45 out of 100, Below average$386.4M9.5%3.22%vs
Union BankBank Grand Rapids, MI53 out of 100, Below average$396.7M8.8%1.07%vs
The Shelby State BankBank Shelby, MI73 out of 100, Strong$397.0M9.1%0.01%vs
The First National Bank of St. IgnaceBank St. Ignace, MI59 out of 100, Moderate$335.8M7.8%0.65%vs
First Community BankBank Harbor Springs, MI77 out of 100, Strong$413.6M9.9%0.00%vs
Chelsea State BankBank Chelsea, MI75 out of 100, Strong$416.5M12.8%1.33%vs

Deposit insurance

Is my money safe at Upper Peninsula State Bank?

Yes. Upper Peninsula State Bank is an FDIC-insured institution (FDIC certificate #1090). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 28.5% of deposits ($86.7M) 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 13.42%, 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%).

Check how much of your own balance is covered

5 locations

Branches

Upper Peninsula State Bank lists 5 offices in 5 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Upper Peninsula State Bank
Former names
State Bank of Escanaba
Type
State-chartered bank
FDIC certificate #
1090
RSSD ID
236957
Primary regulator
FDIC
Holding company
S B E Corp
Established
January 1, 1902
Headquarters
430 N Lincoln Rd, Escanaba, MI 49829
Employees
60

Quick answers

Upper Peninsula State Bank: common questions

Is Upper Peninsula State Bank FDIC insured?

Yes. Upper Peninsula State Bank is an FDIC-insured institution (FDIC certificate #1090). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Upper Peninsula State Bank's TellerScore?

72 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 Upper Peninsula State Bank ever failed?

There is no failure record for FDIC certificate #1090 in the FDIC failed bank list.

How many branches does Upper Peninsula State Bank have?

5 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Escanaba

InstitutionScoreAssetsCapitalProblem loansCompare
First Bank, Upper MichiganBank Gladstone, MI81 out of 100, Strong$629.5M12.7%0.63%vs
U.P. State Credit UnionCredit union Escanaba, MI79 out of 100, Strong$210.3M13.2%1.10%vs
Great Lakes First Federal Credit UnionCredit union Escanaba, MI66 out of 100, Moderate$105.4M10.3%1.15%vs
Nicolet National BankBank Green Bay, WI64 out of 100, Moderate$15.4B9.6%0.63%vs
Peninsula Federal Credit UnionCredit union Escanaba, MI58 out of 100, Moderate$355.7M9.0%0.94%vs
BaybankBank Gladstone, MI56 out of 100, Moderate$173.4M10.7%2.02%vs