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The Shelby State Bank

The Shelby State Bank is an FDIC insured institution headquartered at 242 N Michigan Ave, Shelby, MI 49455.
It was founded in 1910 and has approximately $0 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - August 24, 2026

SAVINGS RATES	APY	MIN
Savings	0.05%	$2,500	Compare

CD RATES	APY	MIN
6 Mo CD	0.05%	$10,000	Compare
6 Mo CD	0.05%	$100,000	Compare
12 Mo CD	0.25%	$10,000	Compare
12 Mo CD	0.25%	$100,000	Compare
18 Mo CD	0.25%	$10,000	Compare
18 Mo CD	0.25%	$100,000	Compare
24 Mo CD	0.30%	$10,000	Compare
24 Mo CD	0.30%	$100,000	Compare
30 Mo CD	0.30%	$10,000	Compare
30 Mo CD	0.30%	$100,000	Compare
36 Mo CD	0.50%	$10,000	Compare
36 Mo CD	0.50%	$100,000	Compare
48 Mo CD	0.60%	$10,000	Compare
48 Mo CD	0.60%	$100,000	Compare
60 Mo CD	0.75%	$10,000	Compare
60 Mo CD	0.75%	$100,000	Compare

MM RATES	APY	MIN
Money Market	0.05%	$2,500	Compare
Money Market	0.05%	$10,000	Compare
Money Market	0.15%	$25,000	Compare

INT CHECKING RATES	APY	MIN
Int Ckg	0.05%	$1
Int Ckg	0.05%	$2,500

Overview 2026

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 10157
Date Established	1910
Assets	$ 385.78 million
Loans	$ 213.82 million
Deposits	$ 337.35 million
Capital	$ 31.64 million

Summary Balance Sheet as of December 31, 2025

ASSETS
Cash & Balances due from depository institutions	$ 24.93 million
Interest-bearing balances	$ 18.04 million
Total securities	$ 125.61 million
Federal funds sold and reverse repurchase	$ 2.96 million
Net loans and leases	$ 213.82 million
Loan loss allowance	$ 2.48 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 1.24 million
All other assets	$ 10.94 million
Total Assets	$ 354.14 million

LIABILITIES
Total deposits	$ 337.35 million
Interest-bearing deposits	$ 222.16 million
Deposits held in domestic offices	$ 337.35 million
% insured (estimated)"	82.48%
Federal funds purchased and repurchase agreements	$ 14.62 million
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 1.62 millionn
Total Liabilities	$ 354.14 million
Shareholders’ Equity	$ 31.64 million

Summary Income Statement as of December 31, 2025

INCOME AND EXPENSES
Total Interest Income	$ 16.25 million
Total Interest Expense	$ 3.77 million
Net interest income	$ 12.48 million
Provision for loan and lease losses	$ 0.34 million
Total non interest income	$ 3.55 million
Total non interest expense	$ 11.90 million
Pre-tax Net Operating Income	$ 1.12 million

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