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The Shelby State Bank
Shelby, MI · FDIC Certificate #10157 · Chartered 03/0
Total assets
$396.97M
Total deposits
$339.49M
Total equity
$32.05M
Net loans
$216.01M
Branches (offices)
9
Net income (YTD)
$1.75M
Rank: #2,067 of 4,213 U.S. banks by assets · #42 of 72 in Michigan. Assets changed 8.9% and deposits 3.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.90% |
| Return on equity | 11.05% |
| Net interest margin (YTD) | 3.77% |
| Equity to assets | 8.07% |
| Tier 1 leverage ratio | 9.06% |
| Uninsured deposits (share of deposits) | 16.4% |
| Noncurrent loans (share of loans) | 0.01% |
| Net charge-offs (share of loans) | 0.03% |
| Loans to deposits | 63.6% |
| Real estate loans (share of loans) | 89.9% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $194.19M | 89.9% | |
| Commercial & industrial | $13.13M | 6.1% | |
| Consumer / individual | $3.19M | 1.5% | |
| Construction & development | $15.25M | 7.1% | |
| Agricultural | $7.43M | 3.4% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $375.14M | $342.09M | $917.00K | $18.89M |
| Jun 2023 | $369.21M | $328.60M | $859.00K | $18.77M |
| Jun 2024 | $361.63M | $310.68M | $801.00K | $23.36M |
| Jun 2025 | $364.44M | $327.05M | $1.20M | $28.30M |
| Jun 2026 | $396.97M | $339.49M | $1.75M | $32.05M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Michigan | $339.49M | 9 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $339.49M.
Similar-sized banks
The Citizens National Bank Of Park Rapids ($397.00M) · Union Bank ($396.66M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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