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Overview / Commentary
115 West Washington Avenue
Union City, TN 38261

First State Bank is a Tennessee-based bank that offers banking, finance, insurance, investment, and lending products and services to meet a range of its community’s needs. The bank seeks to actively partner with merchants and small businesses to help them with liquidity and growth financing needs that make it possible to expand their product or service offerings, and into new markets.

On its personal banking side, First State offers checking, savings, Certificate of Deposit (CD), and IRA accounts. Its checking account options offer an attractive simplicity, as only one offering has a monthly fee that is only applicable if the account falls below a certain balance. Several checking accounts offer qualifications for rewards like iTunes grants and earned interest, where customers are rewarded with bonuses for accomplishing certain tasks. Savings accounts are designed with different goals in mind and include a Christmas account and a children’s savings account. Each account offers interest compounded on a daily basis. Certificates of Deposit (CDs) are available in term lengths from 3 to 24 months and feature both fixed and variable rates. The business banking side includes many of the same accounts and come with cash management services.

First State Bank online banking provides a web-based system through which customers can review their account balances, transfer funds, pay bills, and set up recurring payments. The bank also makes a mobile banking app available that makes banking on via smartphone a convenient option.

First State Bank was established more than a hundred years ago in 1887 as The Weakley County Bank. It is a subsidiary of Community First Bancshares, a bank holding company. In 2003, the bank changed its name to First State Bank and moved its headquarters to Union City, Tennessee, where they remain today. The bank serves its customers through multiple branches located across the state of Tennessee.

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Data for Q4 2013

Institution Health


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, 2013 First State Bank (TN) had $12.79 million in non-current loans and owned real-estate with $196.27 million in equity and loan loss allowances on hand to cover it. This gives First State Bank (TN) a Texas Ratio of 6.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First State Bank (TN) decreased slightly from 7.66% as of December 31, 2012 to 6.52% as of December 31, 2013, resulting in a positive change of 14.99%.This indicates that the balance sheet and financial strength for First State Bank (TN) has improved slightly in recent periods.

Deposit Growth


In the past year, First State Bank (TN) has increased its total deposits by $100.38 million, resulting in 6.9% 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.



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 $1.91 billion in assets with $196.27 million in equity, resulting in a capitalization level of 10.25%, which is above average.

Institution Statistics

FDIC Certificate #1479
Year Established1887
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.91 billion
Loans$1.10 billion
Deposits$1.56 billion
Equity Capital$180.21 million
Loan Loss Allowance$16.06 million
Unbacked Noncurrent Loans$6.77 million
Real Estate Owned$6.02 million
Historic Data - December 2012
Assets$1.74 billion
Equity Capital$186.11 million
Loan Loss Allowance$15.76 million
Unbacked Noncurrent Loans$6.77 million
Real Estate Owned$7.50 million
Profit Margin - Quarterly
Net Interest Margin3.55%
Return on Assets1.02%
Return on Equity10.19%
Interest Income$72.12 million
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First State Bank (TN) Savings Account Rates

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

First State Bank (TN) Checking Account Rates

1.75%-$15kFirstChecking Plus Interest
0.05%--FirstChecking Plus Interest

First State Bank (TN) CD Rates

0.90%$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

First State Bank (TN) has 32 locations. Click to view all First State Bank (TN) locations.