First Bank (MO) is headquartered in ST. LOUIS and is the 7th largest bank in the state of Missouri. It is also the 232nd largest bank in the nation. It was established in 1906 and as of September of 2024, it had grown to 841 employees at 75 locations. First Bank (MO) has a B+ health rating.
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First Bank Is Great!
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.
To Be Avoided
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.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12229 |
| Year Established | 1906 |
| Employees | 841 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 3.12% |
| Annual Interest Income | $226.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $6.56B$6.65B |
| Loans | Q3 2024vs Q3 2023 | $3.76B$3.49B |
| Deposits | Q3 2024vs Q3 2023 | $5.87B$5.81B |
| Equity Capital | Q3 2024vs Q3 2023 | $490.9MM$441.3MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $39.8MM$39.9MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $16.6MM$6.8MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $473K$30K |
