Bank · FDIC insured
Alden State Bank
A $318.4M bank headquartered in Alden, MI, with 4 branches in Michigan. Best rates: CDs 3.40% and savings 0.30% APY.
Alden State Bank Carrot Score
65
Carrot Score
Higher than 14% of U.S. banks and credit unions
#176 of 199 in MichiganHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Alden State Bank
Alden State Bank traces its history back to 1906 when Farmers & Merchants Bank was organized, later incorporating as Alden State Bank in 1947.
Headquartered in Alden, Michigan, the locally owned and independently operated community bank operates four locations, including branches in Elk Rapids, Bellaire, and Central Lake.
- Headquarters
- 10564 Coy St, Alden, MI 49612
- FDIC certificate
- 17622 ↗
Branches
4 branches in Michigan
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Michigan
4 branches
Alden area · 1
- Alden State BankMain office10564 Coy St, Alden, MI 49612Directions
Bellaire area · 1
- Bellaire Branch641 Alden St, Bellaire, MI 49615Directions
Central Lake area · 1
- Central Lake Branch2440 N Main St, Central Lake, MI 49622Directions
Elk Rapids area · 1
- Elk Rapids Branch300 Ames St, Elk Rapids, MI 49629Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.71% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.26% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.77% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $71 | $81 | — |
- CapitalLeverage ratio12.71%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.26%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.77%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$71Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Alden State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.