First State Bank of Michigan
Decatur, MI · Owner: GTSB Financial Inc
$87.8M
total assets, June 30, 2026
$87.8M
total assets, June 30, 2026
First State Bank of Michigan is a state member bank based in Decatur, MI, owned by GTSB Financial Inc. As of June 30, 2026 it held $87.8 million in assets and $71.6 million in deposits; assets were up 41.0% from a year before. It has 2 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$87.8M
+41.0% in a year · +5.5% in a quarter
Deposits
$71.6M
+55.0% in a year · +7.2% in a quarter
Loans
$63.8M
+114.7% in a year · +24.5% in a quarter
Profit so far
-$552K
Jan 1 to Jun 30, 2026
Capital ratio
13.89%
-7.26 pts in a year
Return on assets
-1.32%
+0.17 pts in a year
Facts
- Type
- State member bank
- Head office
- 124 S Phelps St, Decatur, MI, 49045
- County
- Van Buren
- Holding company
- GTSB Financial Inc
- Established
- Jan 1, 1870
- Employees
- 20
- Branches
- 2
- Website
- www.fsbdecatur.com
- Id
- b12893
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
2 offices as of June 30, 2026, holding $71.6 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Michigan | 2 | $71.6M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| First State Bank Of Michigan (main office) | Decatur, MI | $71.1M |
| Traverse City Branch | Traverse City, MI | $496K |
Related pages
Questions and answers
How big is First State Bank of Michigan?
$87.8 million in total assets and $71.6 million in deposits as of June 30, 2026, with assets up 41.0% from a year before. Its loans were $63.8 million.
How many branches does First State Bank of Michigan have?
2 branches in Michigan as of June 30, 2026.
Is First State Bank of Michigan profitable?
No: it lost $552,000 from January 1 to June 30, 2026. Its return on assets was -1.32% a year; about 1% is typical.
Who owns First State Bank of Michigan?
First State Bank of Michigan is owned by GTSB Financial Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.