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BDI
FS

First State Bank of Michigan

Decatur, MichiganFDIC Cert #12893

STATEEstablished 18702 branches

Holding company: GTSB FINANCIAL INCRegulator: FED

FDICCERT + OFFDOM

Balance sheet & income statement

Financials

Reported balance-sheet positions and year-to-date earnings from the latest FDIC Call Report.

As of Q1 2026

Balance sheet trend

Assets & deposits

Time range
Reporting mode
Assets and deposits by reporting quarter
QuarterAssetsDeposits
Q2 2021$60.6M$48.5M
Q3 2021$59.6M$47.5M
Q4 2021$60M$48.1M
Q1 2022$60.2M$49.3M
Q2 2022$55.9M$45.4M
Q3 2022$57.5M$47.4M
Q4 2022$55.9M$45.5M
Q1 2023$57M$46.4M
Q2 2023$53.6M$43.1M
Q3 2023$51.7M$41.4M
Q4 2023$53M$40.1M
Q1 2024$54M$43.4M
Q2 2024$53.7M$42.9M
Q3 2024$54M$42.6M
Q4 2024$59.6M$44.1M
Q1 2025$63.7M$48.4M
Q2 2025$62.3M$46.2M
Q3 2025$65.3M$49.3M
Q4 2025$80.5M$64.8M
Q1 2026$83.2M$66.8M

Balance sheet

Core assets, funding, and capital reported at quarter end.

Assets
$83.2M
+30.6%y/y
Percentile by value77th percentileby value
Peer standing in asset:lt_100m
FDICASSET
Deposits
$66.8M
+37.9%y/y
Percentile by value71st percentileby value
Peer standing in asset:lt_100m
FDICDEP
Gross loans
$51.3M
+95.3%y/y
Percentile by value79th percentileby value
Peer standing in asset:lt_100m
FDICLNLSGR
Net loans
$50.7M
+95.6%y/y
Percentile by value80th percentileby value
Peer standing in asset:lt_100m
FDICLNLSNET
Securities
$6.45M
−3.9%y/y
Percentile by value34th percentileby value
Peer standing in asset:lt_100m
FDICSC
Cash
$19.6M
−25.7%y/y
Percentile by value92nd percentileby value
Peer standing in asset:lt_100m
FDICCHBAL
Liabilities
$68M
+39.9%y/y
Percentile by value70th percentileby value
Peer standing in asset:lt_100m
FDICLIAB
Equity
$15.1M
+0.5%y/y
Peer standing89th percentile
Peer standing in asset:lt_100m
FDICEQ

Income statement

Year-to-date reported earnings and core revenue components.

Revenue
$713K
+7.9%y/y
Peer standing57th percentile
Peer standing in asset:lt_100m
FDICNIM + NONII
NII
$685K
+8.2%y/y
Peer standing71st percentile
Peer standing in asset:lt_100m
FDICNIM
Noninterest income
$28K
0.0%y/y
Peer standing37th percentile
Peer standing in asset:lt_100m
FDICNONII
Provision
$53K
Percentile by value93rd percentileby value
Peer standing in asset:lt_100m
FDICELNATR
Pretax income
−$277K
−14.5%y/y
Peer standing4th percentile
Peer standing in asset:lt_100m
FDICPTAXNETINC
Net income
−$277K
−4.1%y/y
Peer standing4th percentile
Peer standing in asset:lt_100m
FDICNETINC