Peoples State Bank
Hamtramck, MI · Owner: PSB Group Inc
$391M
total assets, December 31, 2010
$391M
total assets, December 31, 2010
Peoples State Bank was a state nonmember bank in Hamtramck, MI, owned by PSB Group Inc. It failed on Feb 11, 2011, and First Michigan Bank took over its deposits. At its last report it held $390.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Feb 11, 2011
- Assets
- $391M
- Deposits
- $390M
- Estimated cost
- $103M
- Deposits went to
- First Michigan Bank, Troy, MI
Total assets
$391M
-15.5% in a year · -9.1% in a quarter
Deposits
$390M
-11.9% in a year · -7.0% in a quarter
Loans
$319M
-10.1% in a year · -4.5% in a quarter
Profit so far
-$18.2M
Jan 1 to Dec 31, 2010
Capital ratio
-0.25%
-3.88 pts in a year
Return on assets
-4.16%
-1.50 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9252 Jos. Campau Avenue, Hamtramck, MI, 48212
- County
- Wayne
- Holding company
- PSB Group Inc
- Established
- Feb 11, 1909
- Failed
- Feb 11, 2011
- Employees
- 111
- Branches
- 11
- Id
- b14939
Quarter by quarter
March 31, 1984 to December 31, 2010
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.
Related pages
Questions and answers
How big is Peoples State Bank?
$390.5 million in total assets and $389.9 million in deposits as of December 31, 2010, with assets down 15.5% from a year before. Its loans were $319.1 million.
How many branches does Peoples State Bank have?
11 branches in Michigan as of June 30, 2026.
Is Peoples State Bank profitable?
No: it lost $18.2 million from January 1 to December 31, 2010. Its return on assets was -4.16% a year; about 1% is typical.
Who owns Peoples State Bank?
Peoples State Bank is owned by PSB Group Inc, its holding company.
When did Peoples State Bank fail?
Feb 11, 2011. First Michigan Bank of Troy, MI took over its deposits. The estimated cost of the failure was $103.1 million.
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.