First State Bank & Trust Company

1005 East 23rd Street
Fremont, NE 68025
(402) 721-2500
www.firststatebankandtrust.com
 

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4.00% Reward Checking Account at First State Bank & Trust Company in Nebraska - 3/17/2009

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See Rates for: Checking | Savings | CD | IRA

Checking Accounts

ApyMinMaxProduct
4.00%-$30kFirst Rate Checking
0.75%$500k-Money Market Account
0.75%$500k-Business Money Market Account
0.25%$2,500-Regal Club Account
0.25%$2,500-VIP Account

Savings Accounts

ApyMinMaxProduct
1.25%$100-Variable Rate IRA Savings
1.00%--Variable Rate Health Savings Account
1.00%--Business Variable Rate Health Savings Account
1.00%$1m-Business Sweep
0.25%$100-Regular Savings

Certificates of Deposit

ApyMinMaxProduct
2.00%$10k-60 Month CD
2.00%$10k-Business 60 Month CD
1.75%$10k-48 Month CD
1.75%$10k-Business 48 Month CD
1.50%$10k-Business 36 Month CD
1.50%$10k-36 Month CD
1.25%$10k-3 Month CD
1.25%$10k-6 Month CD
1.25%$10k-Business 12 Month CD
1.25%$10k-Business 24 Month CD
1.25%$10k-Business 3 Month CD
1.25%$10k-12 Month CD
1.25%$10k-24 Month CD
1.25%$10k-Business 6 Month CD

IRA Accounts

ApyMinMaxProduct
2.00%$10k-60 Month IRA
2.00%$10k-60 Month Roth IRA
2.00%$10k-60 Month CESA
1.75%$10k-48 Month IRA
1.75%$10k-48 Month Roth IRA
1.75%$10k-48 Month CESA
1.50%$10k-36 Month IRA
1.50%$10k-36 Month Roth IRA
1.50%$10k-36 Month CESA
1.25%$10k-6 Month CESA
1.25%$10k-12 Month CESA
1.25%$10k-24 Month CESA
1.25%$10k-3 Month IRA
1.25%$10k-24 Month IRA
1.25%$10k-3 Month Roth IRA
1.25%$10k-6 Month Roth IRA
1.25%$10k-12 Month Roth IRA
1.25%$10k-3 Month CESA
1.25%$10k-6 Month IRA
1.25%$10k-12 Month IRA
1.25%$10k-24 Month Roth IRA

Institution Statistics


FDIC Certificate #17639
BankRate ReportView
Year Established1956
Employees51
Primary RegulatorFDIC

Assets and Liabilities

Assets$207.91 million
Loans$142.40 million
Deposits$176.96 million
Equity Capital$17.65 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$4.76 million
Real Estate Owned$1.48 million

Historic Data - March 2009

Assets$196.31 million
Equity Capital$16.02 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$3.30 million
Real Estate Owned$405,000

Profit Margin - Quarterly

Net Interest Margin3.68%
Return on Assets1.37%
Return on Equity17.09%
Interest Income$2.57 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio4
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 March 31, 2010 First State Bank & Trust Company had $6.25 million in non-current loans and owned real-estate with $20 million in equity and loan loss allowances on hand to cover it. This gives First State Bank & Trust Company a Texas Ratio of 31.23% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend1
The Texas Ratio for First State Bank & Trust Company increased significantly from 20.16% as of March 31, 2009 to 31.23% as of March 31, 2010, resulting in a negative change of 54.88%. This indicates that the balance sheet and financial strength for First State Bank & Trust Company has declined significantly in recent periods.
Deposit Growth4
In the past year, First State Bank & Trust Company has increased it's total deposits by $10.06 million, resulting in 6.03% 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 First State Bank & Trust Company has shown is above average.
Capitalization2
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. First State Bank & Trust Company has $207.91 million in assets with $20 million in equity, resulting in a capitalization level of 9.62%, which is below average.
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