First State Bank (TN)

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

FDIC

First State Bank (TN) is headquartered in Union City and is the 5th largest bank in the state of Tennessee. It is also the 399th largest bank in the nation. It was established in 1887 and as of December of 2012, it had grown to 482 employees at 34 locations. First State Bank (TN) has a 5-star health rating.

Related Posts

First State Bank (TN) Drops RCA Rate (3.1%,$15K) To (2.5%, $15K) (Forum) - 11/16/2012

The change to the First Checking Plus Interest account is effective immediately.

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...



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See Rates for: Checking | Savings | CD

First State Bank (TN) Checking Account Rates

ApyMinMaxProduct
2.50%-$15kFirstChecking Plus Interest

First State Bank (TN) Savings Account Rates

ApyMinMaxProduct
0.50%-$15kFirstSavers
0.50%$25$5kChristmas Club - Premium Relationship Rate
0.25%$25$5kChristmas Club - Standard Rate

First State Bank (TN) CD Rates

ApyMinMaxProduct
1.00%$1k-60 Month CD
0.65%$1k-48 Month CD
0.45%$1k-36 Month CD
0.40%$1k-24 Month CD
0.40%$1k-24 Month Advantage CD - Bump Up Twice
0.35%$1k-18 Month CD
0.30%$1k-12 Month CD
0.30%$1k-12 Month Advantage CD - Bump Up Once
0.20%$1k-6 Month CD
0.10%$1k-3 Month CD

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


First State Bank
FDIC Certificate #1479
BankRate ReportView
Year Established1887
Employees482
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.74 billion
Loans$972.72 million
Deposits$1.46 billion
Equity Capital$186.11 million
Loan Loss Allowance$15.76 million
Unbacked Noncurrent Loans$7.98 million
Real Estate Owned$7.50 million

Historic Data - December 2011

Assets$1.65 billion
Equity Capital$168.66 million
Loan Loss Allowance$18.95 million
Unbacked Noncurrent Loans$5.49 million
Real Estate Owned$12.85 million

Profit Margin - Quarterly

Net Interest Margin3.53%
Return on Assets1.04%
Return on Equity9.97%
Interest Income$71.76 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 First State Bank (TN) had $15.47 million in non-current loans and owned real-estate with $201.87 million in equity and loan loss allowances on hand to cover it. This gives First State Bank (TN) a Texas Ratio of 7.66% which is excellent. 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 9.77% as of December 31, 2011 to 7.66% as of December 31, 2012, resulting in a positive change of 21.58%.This indicates that the balance sheet and financial strength for First State Bank (TN) has improved slightly in recent periods.
Deposit Growth4
In the past year, First State Bank (TN) has increased its total deposits by $62.45 million, resulting in 4.48% 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 above average.
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 $1.74 billion in assets with $201.87 million in equity, resulting in a capitalization level of 11.61%, which is above average.
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