First State Bank (TN)

First State Bank (TN) Locations
115 West Washington Avenue
Union City, TN 38281
877-910-0173
www.first-state.net



First State Bank (TN) is headquartered in Union City and is the 5th largest bank in the state of Tennessee. It is also the 403rd largest bank in the nation. It was established in 1887 and as of March of 2012, it had grown to 451 employees at 32 locations. First State Bank (TN)'s savings rates are 2X the national average, and it boasts a 5-star health rating.

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High-Yield Reward Checking Account at First State Bank in TN - Local Only - 2/1/2010

First State Bank is offering a high-yield reward checking account called First Rewards Checking . It offers the following rates and features if certain monthly requirements are met: 4.25% APY o ...

4.25% Reward Checking Account at First State Bank in Tennessee - Local Only - 10/6/2009

First State Bank is offering a high-yield reward checking account called First Rewards Checking. It has the following rates and features if certain monthly requirements are met:4.25% APY on balances up to $25,0001.01% APY on portion of balance over...



See Rates for: Checking | Savings

First State Bank (TN) Checking Account Rates

ApyMinMaxProduct
3.10%-$15kFirstChecking Plus Interest

First State Bank (TN) Savings Account Rates

ApyMinMaxProduct
1.25%-$15kFirstSavers - Qualifying
0.05%--FirstSavers - Non Qualifying

Rates updated: 4/28/2012

Data for Q1 2012


Institution Statistics


First State Bank
FDIC Certificate #1479
BankRate ReportView
Year Established1887
Employees451
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.68 billion
Loans$909.91 million
Deposits$1.44 billion
Equity Capital$172.37 million
Loan Loss Allowance$18.42 million
Unbacked Noncurrent Loans$6.36 million
Real Estate Owned$12.79 million

Historic Data - March 2011

Assets$1.56 billion
Equity Capital$143.23 million
Loan Loss Allowance$18.99 million
Unbacked Noncurrent Loans$11.92 million
Real Estate Owned$11.15 million

Profit Margin - Quarterly

Net Interest Margin3.55%
Return on Assets1.02%
Return on Equity9.99%
Interest Income$18.41 million

Institution Health


Overall Score:
5 out of 5
5
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, 2012 First State Bank (TN) had $19.14 million in non-current loans and owned real-estate with $190.79 million in equity and loan loss allowances on hand to cover it. This gives First State Bank (TN) a Texas Ratio of 10.03% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for First State Bank (TN) decreased slightly from 14.22% as of March 31, 2011 to 10.03% as of March 31, 2012, resulting in a positive change of 29.41%.This indicates that the balance sheet and financial strength for First State Bank (TN) has improved slightly in recent periods.
Deposit Growth5
In the past year, First State Bank (TN) has increased its total deposits by $109.79 million, resulting in 8.26% 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 (TN) has shown is excellent.
Capitalization4
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 (TN) has $1.68 billion in assets with $190.79 million in equity, resulting in a capitalization level of 11.34%, which is above average.
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