Shelby State Bank Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Shelby State Bank

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Shelby State Bank Fast Facts

Revenue	$1 - $10 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	52211 Commercial Banking
Address	242 N Michigan Ave Shelby, MI 49455

Note: Revenues for privately held companies are statistical evaluations.


Shelby State Bank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Shelby State Bank's annual revenues are $1 - $10 million (see exact revenue data)
• What industry is the company in?
  • Shelby State Bank is classified as operating in the Commercial Banking industry, NAICS Code 52211.

Shelby State Bank Annual Revenue and Growth Rate

Shelby State Bank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$1 - $10 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Shelby State Bank's revenues are gauged from an analysis of company filings.

Shelby State Bank's Income Statement (based on Industry Averages)

Shelby State Bank P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Market Share of Shelby State Bank's Largest Competitors

A competitive analysis shows these companies are in the same general field as Shelby State Bank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATION	Jersey City, NJ	100
SOUTH DAKOTA BANKERS ASSOCIATION	Pierre, SD	72
PNC FINANCIAL SERVICES GROUP	Pittsburgh, PA	20
U.S. BANCORP	Minneapolis, MN	17
TRUIST FINANCIAL	Charlotte, NC	13
MUFG BANK	New York, NY	10
TD BANK	Falmouth, ME	9
FIRST-CITIZENS BANK & TRUST	Raleigh, NC	7
FEDERAL HOME LOAN BANK OF DES MOINES	Des Moines, IA	6

Nearby Competitors

These companies are similar in business line and location to Shelby State Bank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
MACATAWA BANK	Holland, MI	100
GRAND RIVER MORTGAGE	Grandville, MI	40
COMMUNITY SHORES BANK	Muskegon, MI	11
FAMILY FINANCIAL CREDIT UNION	Norton Shores, MI	10
SHELBY STATE BANK	Shelby, MI	4
FIRST GENERAL CREDIT UNION	Muskegon, MI	2

Future Competition: Shelby State Bank's Fastest Growing Competitors

These companies are in the same general field as Shelby State Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)