Citizens State Bank
Royal Oak, Michigan, Oakland County
$581M in total assets, the 1,627th largest of 4,309 US banks and 28th of 74 headquartered in Michigan.
- FDIC certificate
- 8183
- Established
- 1910
- Owned by
- Citizens Bancshares Inc
- Primary regulator
- FED
- Website
- www.micsb.com
At a glance
Compared with 46 banks headquartered in Michigan with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $581M | 80% | $397M | |
| Loans | $456M | 89% | $249M | |
| Deposits | $530M | 85% | $339M | |
| Return on assets | 1.55% | 74% | 1.05% | |
| Net interest margin | 4.86% | 85% | 4.18% | |
| Efficiency ratio | 42.1% | 2% | 67.2% | |
| Equity to assets | 8.27% | 15% | 9.87% | |
| Loans to deposits | 86% | 63% | 76% |
Growth
Total assets grew 53.7% a year over the last 5 years and 26.8% a year over 10 years, without acquisitions.
Where they operate
3 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Oakland County, MI | $464M | 0.6% | 12 of 29 |
| Ontonagon County, MI | $67M | 76.4% | 1 of 2 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (3 branches then and now). 2 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 3 | |||
| 2018 | Closed Mass City and White Pine | 0 | 2 | −2 | 1 |
| 2021 | Opened Ontonagon | 1 | 0 | +1 | 2 |
| 2025 | Opened Farmington Hills | 1 | 0 | +1 | 3 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 55% | 37% | |
| 1-4 family residential | 25% | 29% | |
| Business (C&I) | 10% | 12% | |
| Construction and land | 8% | 5% | |
| Farmland | 1% | 3% | |
| Multifamily | 1% | 4% | |
| Consumer | 1% | 4% | |
| Agricultural | 0% | 2% | |
| Other | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 51% | |
| Noninterest-bearing | 29% | 26% | |
| Time deposits | 10% | 23% |
Brokered deposits are 2.0% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.68% | 0.63% |
| Net charge-offs, annualized | 0.27% | 0.00% |
| Reserves to loans | 1.11% | 1.20% |
| Leverage ratio | 8.58% | 10.77% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Michigan
Largest competitors in Oakland County, MI
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/citizens-state-bank-royal-oak-mi