Overview / Commentary
First Bank and Trust of Memphis is headquartered in Memphis and is the 394th largest bank in the state of Texas. It is also the 4,715th largest bank in the nation. It was established in 1898 and as of June of 2019, it had grown to 11 employees at 2 locations. First Bank and Trust of Memphis' CD rates are 2X the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First Bank and Trust of Memphis has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3335 |
| Year Established | 1898 |
| Employees | 11 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.47% |
| Return on Equity - YTD | 11.53% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $58.1MM$60.0MM |
| Loans | Q2 2019vs Q2 2018 | $33.4MM$37.9MM |
| Deposits | Q2 2019vs Q2 2018 | $49.8MM$51.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $7.8MM$7.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $619.00K$619.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $0$0 |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
First Bank and Trust of Memphis Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | - | - | Traditional Savings |
First Bank and Trust of Memphis Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65%* | $50k* | - | Money Market Checking | ||
| OTHER TIERS: 0.35% → $2.5k - $10k | |||||
First Bank and Trust of Memphis Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45%* | $2.5k* | - | Now Account | ||
| OTHER TIERS: 0.30% → $1k - $2.5k | |||||
First Bank and Trust of Memphis CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.97% | $1k | - | 5 Year CD | |
| 1.92% | $1k | - | 4 Year CD | |
| 1.87% | $1k | - | 3 Year CD | |
| 1.82% | $1k | - | 1 Year CD | |
| 1.82% | $1k | - | 2 Year CD | |
| 1.77% | $1k | - | 6 Month CD | |
| 1.00% | $1k | - | 3 Month CD |
First Bank and Trust of Memphis IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.82% | $1k | - | 18 Month IRA |
Locations
| First Bank and Trust of Memphis Locations | ||
|---|---|---|
| First Bank and Trust Of Memphis | 501 Main Street | Memphis, TX 79245 |
| Amarillo Branch | 6900 I-40 West | Amarillo, TX 79106 |