State Savings Bank
Frankfort, MI · Owner: Central-State Bcorp Inc
$431M
total assets, June 30, 2026
$431M
total assets, June 30, 2026
State Savings Bank is a state nonmember bank based in Frankfort, MI, owned by Central-State Bcorp Inc. As of June 30, 2026 it held $431.2 million in assets and $391.6 million in deposits; assets were up 5.3% from a year before. It has 8 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$431M
+5.3% in a year · +6.6% in a quarter
Deposits
$392M
+5.4% in a year · +7.3% in a quarter
Loans
$326M
+10.7% in a year · +4.4% in a quarter
Profit so far
$738K
Jan 1 to Jun 30, 2026 · +66.6% in a year
Capital ratio
8.79%
-0.40 pts in a year
Return on assets
0.35%
+0.13 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 703 Main St, Frankfort, MI, 49635
- County
- Benzie
- Holding company
- Central-State Bcorp Inc
- Established
- Jan 1, 1901
- Employees
- 132
- Branches
- 8
- Website
- www.ssbankmi.com
- Id
- b8162
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
8 offices as of June 30, 2026, holding $391.6 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Michigan | 8 | $392M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| State Savings Bank (main office) | Frankfort, MI | $132M |
| Beulah Branch | Beulah, MI | $79.4M |
| Traverse City Garfield Branch | Traverse City, MI | $48.3M |
| Traverse City Banch | Traverse City, MI | $47.1M |
| Gaylord Branch | Gaylord, MI | $30.5M |
| Empire Branch | Empire, MI | $28.0M |
| Gaylord South Office Branch | Gaylord, MI | $22.0M |
| Suttons Bay Branch | Suttons Bay, MI | $4.4M |
Related pages
Questions and answers
How big is State Savings Bank?
$431.2 million in total assets and $391.6 million in deposits as of June 30, 2026, with assets up 5.3% from a year before. Its loans were $326.3 million.
How many branches does State Savings Bank have?
8 branches in Michigan as of June 30, 2026.
Is State Savings Bank profitable?
Yes: it earned $738,000 from January 1 to June 30, 2026 (up 66.6% from the same months a year before). Its return on assets was 0.35% a year; about 1% is typical.
Who owns State Savings Bank?
State Savings Bank is owned by Central-State Bcorp 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.