Huron Valley State Bank Overview and Financial Insights

Huron Valley State Bank has been a trusted financial institution in the community since its founding in 1920. The bank has a rich history and a strong commitment to serving its customers.

With a focus on community banking, Huron Valley State Bank has remained committed to the values of its founders. The bank's mission is to provide personalized service and a wide range of financial products to meet the needs of its customers.

Huron Valley State Bank offers a variety of deposit accounts, including checking and savings accounts, as well as certificates of deposit (CDs) and money market accounts. These accounts are designed to help customers save and grow their money over time.

Huron Valley State Bank's bank operations are designed to be efficient and secure. The bank's online banking system allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes.

The bank's customer service team is available to assist with any issues or concerns, and they can be reached by phone, email, or in-person at one of the bank's locations.

The bank's hours of operation are Monday through Friday from 9am to 5pm, and Saturday from 9am to 12pm.

Huron Valley State Bank's first branch opened on Main Street in 2005, located in the Mill Valley Center. This location housed the bank's entire operation until 2012.

The Main Street Branch was situated across the street from the Flat Iron Building at 525 North Main Street.

In 2008, the bank outgrew its location and gained independence from CFC, leading to a relocation to Milford Road.

The bank's operations stayed in the Milford branch until the opening of the Financial Center in 2018.

Later in 2008, the bank acquired a closed Fifth Third Bank Branch and opened a second branch in Highland on M-59 and Duck Lake Road.

The Milford Road ATM re-opening was a significant event for the bank in 2017. It took place in September of that year.

The new ATM was positioned in the parking lot in front of Holden's Party Store, directly across from the entrance of Kensington Metropark and Dairy Queen. This new location offered a more accessible and visible spot for customers.

The original ATM at this location was attached to the storefront of Holden's Party Store before it was destroyed by a fire on September 2, 2015.

Huron Valley State Bank boasts total assets of $245,318k, showcasing its substantial scale and influential market presence.

The bank's financial structure and stability can be gauged through its total liabilities, which stand at $219,761k, and total equity capital, which is $25,557k.

A closer look at the bank's operational metrics reveals total deposits of $218,810k and net loans and leases at $186k.

The Tier 1 Risk-Based Capital Ratio stands at 13.2517, providing valuable insights into the bank's risk management strategies.

Huron Valley State Bank's Return on Assets is 1.5, indicating its overall profitability.

The bank's financial performance is further enhanced by its detailed financial overview, which provides a comprehensive perspective on its financial landscape.

With a substantial asset size and a strong market presence, Huron Valley State Bank is a significant player in the financial sector.

The bank's loan-to-deposit ratio stands at 85.02%, which falls within the industry average of 80% to 90%.

Huron Valley State Bank's financial stability is further reinforced by its Tier 1 Risk-Based Capital Ratio of 13.2517.

The bank's asset quality is indicated by its percentage of non-performing loans, which stands at 0.1065.

Huron Valley State Bank operates a network of 4 domestic offices, reflecting its strong community focus and local market presence.

Huron Valley State Bank has a long-standing tradition of giving back to the community.

The bank's commitment to community involvement is evident in its support of local families and children through impactful programs such as the Community Sharing Outreach Center in Highland and the Milford Village Elves program.

Shelley Dickerson has led the annual toy drive for Community Sharing Outreach Center at the Highland Branch for years, collecting new, unwrapped toys for children of all ages.

The bank's financial center also played a key role in supporting these programs through toy donations and monetary contributions.

The Community Sharing Outreach Center received a surprise delivery of toys from Shelley Dickerson and Sheri Miles on December 16th.

Nancy Gomez and Janet Wooster spearheaded the Milford Branch's partnership with the Milford Village Elves, collecting over $1,000 in monetary donations.

The bank's team has proudly upheld its tradition of spreading joy and cheer during the Thanksgiving season for 10 consecutive years.

The bank hosted its annual Thanksgiving food drive, collecting canned and boxed non-perishable goods, fresh potatoes, butter, and pumpkin pies at all its branches and the financial center.

The bank assembled five Thanksgiving baskets filled with essentials and included vouchers for turkeys provided by The Village Butcher for local families.

Huron Valley State Bank's commitment to giving back to the community is truly remarkable, and it's heartwarming to see the generosity of its team and community members come together to make a difference.

Huron Valley State Bank offers a variety of convenient bank services to its customers.

With multiple locations throughout the Huron Valley area, you can easily find a branch near you to conduct your banking needs.

Their online banking platform allows you to manage your accounts, pay bills, and transfer funds from the comfort of your own home.

You can also use their mobile banking app to check your account balances, deposit checks, and find ATM locations on the go.

Their customer service team is available to assist you with any questions or concerns you may have.

Huron Valley State Bank offers a range of personal and business banking services, including checking and savings accounts, loans, and credit cards.

Their experienced staff will work with you to create a customized banking solution that meets your unique needs.

They also offer a variety of account options, including youth savings accounts and senior checking accounts, to cater to different stages of life.

With their secure online banking platform, you can rest assured that your transactions are safe and secure.