🏦Bank Scorer

This institution is no longer active

Operations ceased on September 30, 1997. CRA examination history below reflects the period it was active.

FMB-SAULT BANK

SAULT STE. MARIE, MI · Supervised by FDIC

Est. 1886FDIC #1,096RSSD: FDIC-1096
Part ofFIRST MICHIGAN BANK CORP→ View all charters
Outstanding Same

Current rating · Exam: May 1997

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.09%

Institution Profile

FDIC BankFind

Address

511-515 Ashmun Street, SAULT STE. MARIE, MI

County

Chippewa County

Established

November 20, 1886

Total Assets

$135M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

May 1, 1997

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1997Call Report / FDIC

Total Assets

$135M

Total Deposits

$116M

Net Loans

$93M

Net Income

$710K

ROA

1.09%

ROE

15.39%

Risk-Based Capital

11.56%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

2 previous ratings locked — dating back to 1992

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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