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 13th largest bank in the state of Michigan. It is also the 852nd largest bank in the nation. It was established in 1917 and as of September of 2024, it had grown to 178 employees at 11 locations. First State Bank (MI) has an A health rating.

Related Posts

First State Bank (MI) Offers Competitive 15-Month CD Special - 2/19/2024

First State Bank (southeast MI) has a 15-month CD Special with a near market-leading APY. $1k min of new money, but limited existing funds can be deposited.

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Health

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees178
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD14%
Annual Interest Income$47MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.26B$1.12B
LoansQ3 2024vs Q3 2023$862.9MM$685.2MM
DepositsQ3 2024vs Q3 2023$1.15B$922.3MM
Equity CapitalQ3 2024vs Q3 2023$108.2MM$88.3MM
Loan Loss AllowanceQ3 2024vs Q3 2023$13.4MM$13.5MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$1.6MM$1.2MM
Real Estate OwnedQ3 2024vs Q3 2023$473K$0
Rates

Rates for First State Bank (MI) are currently being reviewed.

Locations

Availability



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