First Bank (MO) is headquartered in ST. LOUIS and is the 7th largest bank in the state of Missouri. It is also the 230th largest bank in the nation. It was established in 1906 and as of December of 2024, it had grown to 835 employees at 75 locations. First Bank (MO)'s savings rates are 8X the national average, and it has an A health rating.
I only saw one other review on here and they had a negative experience with First Bank. I was surprised because I've had a great experience with them so it prompted me to create an account to write a review.
I opened my account at a branch in Southern California, the staff were extremely helpful and the process went as smooth as can be expected (every bank has to go through a list of 'know your customer' checks). The high-yield on the Performance Checking account is unbeatable, and it's much nicer being with a smaller bank with personable staff then the giant monster mega banks. I like that they have a branch near me as well, and not just an online bank - that said, there website isn't the best, it is perfectly functional for all my banking needs, but not as slick as some others, but that's fine with me, it's a bank. They do have a phone app, but I don't have any interest in apps.
Another bank to waste your time trying to open a legitimate account. I applied and then got an email that my request to withdraw my application has been received and the application is closed. When I tried to call there were eighteen (18) callers ahead of me so I did not even bother to wait. Totally ridiculous and definitely a waste of time. No transparency whatsoever while presenting false information.
Overall | |
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FDIC Certificate # | 12229 |
Year Established | 1906 |
Employees | 835 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.28% |
Return on Equity - YTD | 3.8% |
Annual Interest Income | $303.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2024vs Q4 2023 | $6.63B$6.55B |
Loans | Q4 2024vs Q4 2023 | $3.76B$3.62B |
Deposits | Q4 2024vs Q4 2023 | $5.93B$5.6B |
Equity Capital | Q4 2024vs Q4 2023 | $487.8MM$459.8MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $39.1MM$41.2MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $10.5MM$7.9MM |
Real Estate Owned | Q4 2024vs Q4 2023 | $0$30K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.59%* | $0 | $500 | Kids Cash | ||
OTHER TIERS: 0.01% → $500+ | |||||
3.90% | $0 | - | Icon High-Yield Savings | ||
0.03% | $0 | - | Health Savings Account | ||
0.01% | $0 | - | Statement Savings | ||
0.01% | $0 | - | Thrive Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.02%* | $10k* | - | Performance Money Market Account | ||
OTHER TIERS: 0.01% → $0 - $10k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00%* | $0 | $1k | Imagine Checking | ||
OTHER TIERS: 0.50% → $1k+ | |||||
3.00%* | $0 | $100k | Icon Checking | ||
OTHER TIERS: 0.50% → $100k+ |