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BankSonar

State Savings Bank

Frankfort, MI · State, non-member commercial bank

45

Sonar Score

Caution

out of 100 · from public FDIC data

Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.

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Key figures

Total assets
$404.6M
Total deposits
$365M
Branches
9
Return on assets
0.46%
Return on equity
5.06%
Charter type
State, non-member commercial bank
Established
1901
FDIC cert #
8162

How the 45 breaks down

Capital adequacyweight 40%

Capital ratio not reported.

Profitability (ROA)weight 30%

Thin profitability.

Return on equityweight 15%

Positive but moderate equity returns.

Scale & stabilityweight 15%

Community-scale institution.

Read the full Sonar Score methodology →

Your deposits at State Savings Bank

State Savings Bank is an FDIC-insured institution (Cert #8162). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →

9 branch locations

11470 S Leelanau Hwy

Empire, MI 49630

703 Main St

Frankfort, MI 49635

414 E Front St

Traverse City, MI 49686

126 E Main St

Gaylord, MI 49735

416 E Front St

Traverse City, MI 49686

212 N Saint Joseph St

Suttons Bay, MI 49682

2091 S Otsego Ave

Gaylord, MI 49735

862 S. Garfield Avenue

Traverse City, MI 49686

49 N Benzie Blvd

Beulah, MI 49617

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Earning enough on your savings?

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