The Shelby State Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Shelby State Bank opened its doors for business on November 20, 1931 just a few short months after Churchill & Webber, a private bank, was forced to close its doors amidst the trying economic times of The Great Depression.

Located in the old Opera House in downtown Shelby from 1931 to 1966, a new building was constructed and over the years saw several significant expansions and renovations, the most recent in 2005. Today Shelby State Bank operates from a state of the art banking facility and continues to be a cornerstone of the Shelby community.

Along with its main office in Shelby, Shelby State Bank operates eight additional full-service banking facilities, which serve a total of five west Michigan counties. Shelby State Bank’s branch banking facilities are conveniently located in the following communities: Shelby, Hesperia, Hart, Pentwater, Whitehall, North Muskegon, Fruitport, Ludington, Manistee.

Today, Shelby Financial Corporation, the holding company for The Shelby State Bank, has numerous shareholders, many of whom are descendants of the bank’s original investors. The Shelby State Bank continues to be highly rated by both bank regulatory agencies and independent bank ratings companies.

Hart
811 S. State Street
PO Box 67
Hart, MI 49420
Phone: (231) 873-1399
Fax: (231) 873-8779

Ludington
30 N. Meyers Road
PO Box 525
Ludington, MI 49431
Phone: (231) 843-4878
Fax: (231) 843-3625

Shelby
242 N. Michigan Ave.
PO Box 126
Shelby, MI
Phone: (231) 861-2123
Fax: (231) 861-2468

Fruitport
6448 Airline Road
PO Box 332
Fruitport, MI 49415
Phone: (231) 865-3161
Fax: (231) 865-3024

Pentwater
388 S Hancock St
PO Box 953
Pentwater, MI 49449
Phone:(231) 869-2647
Fax: (231) 869-4017

North Muskegon
2222 North Holton Road
PO Box 5403
North Muskegon, MI 49445
Phone: (231) 744-6231
Fax: (231) 744-7318

Manistee
1710 U.S. 31 South
Manistee, MI 49660
Phone: (231) 398-7905
Fax: (231) 398-9472

Whitehall
8238 Whitehall Road
PO Box 205
Whitehall, MI 49461
Phone: (231) 894-9041
Fax: (231) 893-8237

Hesperia
180 N. Division Street
PO Box 218
Hesperia, MI 49421
Phone: (231) 854-6455
Fax: (231) 854-1364