1st State Bank

1st State Bank is headquartered in Saginaw and is the 73^rd largest bank in the state of Michigan. It is also the 3,461^st largest bank in the nation. It was established in 2004 and as of December of 2011, it had grown to 38 employees at 3 locations. 1st State Bank has a 4-star health rating.

1st State Bank Routing Number: 072414158

Data for Q4 2011

Institution Statistics 1st State Bank FDIC Certificate # 57626 BankRate Report View Year Established 2004 Employees 38 Primary Regulator FDIC Assets and Liabilities Assets $173.79 million Loans $133.58 million Deposits $133.72 million Equity Capital $17.27 million Loan Loss Allowance $1.86 million Unbacked Noncurrent Loans $735,000 Real Estate Owned $2.15 million Historic Data - December 2010 Assets $159.87 million Equity Capital $15.65 million Loan Loss Allowance $1.49 million Unbacked Noncurrent Loans $529,000 Real Estate Owned $2.53 million Profit Margin - Quarterly Net Interest Margin 3.89% Return on Assets 0.53% Return on Equity 5.45% Interest Income $8.26 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1st State Bank had $2.88 million in non-current loans and owned real-estate with $19.14 million in equity and loan loss allowances on hand to cover it. This gives 1st State Bank a Texas Ratio of 15.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for 1st State Bank decreased slightly from 18.44% as of December 31, 2010 to 15.08% as of December 31, 2011, resulting in a positive change of 18.24%.This indicates that the balance sheet and financial strength for 1st State Bank has improved slightly in recent periods. Deposit Growth In the past year, 1st State Bank has increased its total deposits by $11.17 million, resulting in 9.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st State Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st State Bank has $173.79 million in assets with $19.14 million in equity, resulting in a capitalization level of 11.01%, which is above average.

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