First State Bank (MI) is headquartered in EASTPOINTE and is the 14th largest bank in the state of Michigan. It is also the 860th largest bank in the nation. It was established in 1917 and as of June of 2024, it had grown to 179 employees at 11 locations. First State Bank (MI) has an A health rating.
Overall | |
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FDIC Certificate # | 15032 |
Year Established | 1917 |
Employees | 179 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.08% |
Return on Equity - YTD | 13.44% |
Annual Interest Income | $30.7MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $1.23B$1.07B |
Loans | Q2 2024vs Q2 2023 | $815.9MM$699.8MM |
Deposits | Q2 2024vs Q2 2023 | $1.08B$880.3MM |
Equity Capital | Q2 2024vs Q2 2023 | $100.4MM$87.3MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $13.4MM$14.5MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.4MM$823K |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
Rates for First State Bank (MI) are currently being reviewed.