First State Bank (MI)


Overview / Commentary
586-775-5000
24300 Little Mack
St. Clair Shores, MI 48080

First State Bank (MI) is headquartered in EASTPOINTE and is the 12th largest bank in the state of Michigan. It is also the 831st largest bank in the nation. It was established in 1917 and as of March of 2024, it had grown to 182 employees at 11 locations. First State Bank (MI)'s money market rates are 10X the national average, and it has an A health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees182
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD13.21%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.28B$956.7MM
LoansQ1 2024vs Q1 2023$694.4MM$607.2MM
DepositsQ1 2024vs Q1 2023$1.03B$867.8MM
Equity CapitalQ1 2024vs Q1 2023$97.6MM$86.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$13.4MM$14.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.2MM$859K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First State Bank (MI); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$0$2kHoliday Savings Club Account
OTHER TIERS: 0.01% $2k+
0.05%$0-Health Savings Account
0.01%$0-Minor Savings Account
0.01%$0-Statement Savings Account
0.01%$0-Premium Savings Account
0.01%$0-Business Savings Account

First State Bank (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$25k*-Purpose Money Market Special
OTHER TIERS: 3.50% $1k - $5k | 4.00% $5k - $25k
4.50%*$25k*-Business Purpose Money Market Special
OTHER TIERS: 3.50% $1k - $5k | 4.00% $5k - $25k
4.00%*$25k*-Purpose Money Market
OTHER TIERS: 3.00% $1k - $5k | 3.50% $5k - $25k
0.05%$0-Business Money Market Account

First State Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$0-Business Interest Checking Account
0.05%$0-Interest on Lawyer Trust Accounts
0.05%$0-Public Funds Interest Checking
0.01%$0-Premium Checking Account
0.01%$500-Classic Checking Account

First State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$1k$1m7 Month CD Special
5.25%$1k$1mBusiness 7 Month CD Special
5.15%$1k-6 Month Fixed Rate CD
5.15%$1k-Business 6 Month Fixed Rate CD
5.00%$1k$1m13 Month CD Special - New Money
5.00%$1k$1mBusiness 13 Month CD Special - New Money
4.50%$1k-12 Month Fixed Rate CD
4.50%$1k-Business 12 Month Fixed Rate CD
0.05%$1k-6 Month $250 Easy CD
0.05%$1k-30 Day Fixed Rate CD
0.05%$1k-91 Day Fixed Rate CD
0.05%$1k-18 Month Fixed Rate CD
0.05%$1k-24 Month Fixed Rate CD
0.05%$1k-30 Month Fixed Rate CD
0.05%$1k-36 Month Fixed Rate CD
0.05%$1k-48 Month Fixed Rate CD
0.05%$1k-60 Month Fixed Rate CD
0.05%$1k-Business 30 Day Fixed Rate CD
0.05%$1k-Business 91 Day Fixed Rate CD
0.05%$1k-Business 6 Month $250 Easy CD
0.05%$1k-Business 18 Month Fixed Rate CD
0.05%$1k-Business 24 Month Fixed Rate CD
0.05%$1k-Business 30 Month Fixed Rate CD
0.05%$1k-Business 36 Month Fixed Rate CD
0.05%$1k-Business 48 Month Fixed Rate CD
0.05%$1k-Business 60 Month Fixed Rate CD

First State Bank (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$1k$1m7 Month IRA Special
5.15%$1k-6 Month Fixed Rate IRA
5.00%$1k$1m13 Month IRA Special - New Money
4.50%$1k-12 Month Fixed Rate IRA
0.05%$1k-30 Day Fixed Rate IRA
0.05%$1k-91 Day Fixed Rate IRA
0.05%$1k-6 Month $250 Easy IRA
0.05%$1k-18 Month Fixed Rate IRA
0.05%$1k-24 Month Fixed Rate IRA
0.05%$1k-30 Month Fixed Rate IRA
0.05%$1k-36 Month Fixed Rate IRA
0.05%$1k-48 Month Fixed Rate IRA
0.05%$1k-60 Month Fixed Rate IRA
Locations

Availability

Detroit Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.