First State Bank (MI)


Overview / Commentary
866-372-1275
24300 Little Mack
St. Clair Shores, MI 48080

First State Bank (MI) is headquartered in Eastpointe and is the 16th largest bank in the state of Michigan. It is also the 988th largest bank in the nation. It was established in 1917 and as of December of 2020, it had grown to 172 employees at 12 locations. First State Bank (MI) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees172
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD8.74%
Annual Interest Income$28.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$926.9MM$772.1MM
LoansQ4 2020vs Q4 2019$516.6MM$530.8MM
DepositsQ4 2020vs Q4 2019$835.9MM$687.4MM
Equity CapitalQ4 2020vs Q4 2019$89.9MM$83.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$11.7MM$9.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.4MM$1.4MM
Real Estate OwnedQ4 2020vs Q4 2019$405.00K$207.00K
Rates
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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%*-$2kHoliday Savings Club Account
OTHER TIERS: 0.01% $2k+
0.05%--Premium Savings Account
0.05%--Health Savings Account
0.01%--Minor Savings Account
0.01%--Statement Savings Account
0.01%--Business Savings Account

First State Bank (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Business Money Market Account
0.05%--Purpose Money Market

First State Bank (MI) Checking Account Rates

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

First State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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-6 Month Fixed Rate CD
0.05%$1k-12 Month 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 6 Month Fixed Rate CD
0.05%$1k-Business 12 Month Fixed Rate 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
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-6 Month Fixed Rate IRA
0.05%$1k-12 Month Fixed Rate 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



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