First State Bank (MI)


Overview / Commentary
866-372-1275
16100 9 Mile Road
Eastpointe, MI 48021

First State Bank (MI) is headquartered in Eastpointe and is the 15th largest bank in the state of Michigan. It is also the 992nd largest bank in the nation. It was established in 1917 and as of June of 2019, it had grown to 180 employees at 12 locations. First State Bank (MI)'s CD rates are 96% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees180
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD9.72%
Annual Interest Income$16.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$796.8MM$708.2MM
LoansQ2 2019vs Q2 2018$533.5MM$498.2MM
DepositsQ2 2019vs Q2 2018$714.8MM$608.1MM
Equity CapitalQ2 2019vs Q2 2018$80.3MM$73.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.2MM$6.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.5MM$2.5MM
Real Estate OwnedQ2 2019vs Q2 2018$0$304.00K
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
0.25%*-$2kHoliday Savings Club Account
OTHER TIERS: 0.05% $2k+
0.20%*$100k*-Premium Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $100k
0.20%*$100k*-Health Savings Account
OTHER TIERS: 0.15% Up to $100k
0.05%--Minor Savings Account
0.05%--Statement Savings Account
0.05%--Business Savings Account

First State Bank (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$40k*-Business Money Market Account
OTHER TIERS: 0.10% Up to $40k

First State Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Premium Checking Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $100k
0.10%*$20k*-Public Funds Interest Checking
OTHER TIERS: 0.05% Up to $20k
0.05%--Business Interest Checking Account
0.05%--Interest on Lawyer Trust Accounts
0.05%$500-Classic Checking Account

First State Bank (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$75k*-48 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $75k
2.02%*$75k*-60 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $50k | 1.81% $50k - $75k
2.02%*$75k*-Business 48 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $75k
2.02%*$75k*-Business 60 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $50k | 1.81% $50k - $75k
1.76%*$10k*-12 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-18 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-24 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-30 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-36 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k
1.76%*$10k*-Business 12 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-Business 18 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-Business 24 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-Business 30 Month Fixed Rate CD
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-Business 36 Month Fixed Rate CD
OTHER TIERS: 1.51% $1k - $10k
1.00%*$25k*-6 Month $250 Easy CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k
1.00%*$25k*-6 Month Fixed Rate CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k
1.00%*$25k*-Business 6 Month $250 Easy CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k
1.00%*$25k*-Business 6 Month Fixed Rate CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k
0.75%*$50k*-91 Day Fixed Rate CD
OTHER TIERS: 0.25% $1k - $25k | 0.50% $25k - $50k
0.75%*$50k*-Business 91 Day Fixed Rate CD
OTHER TIERS: 0.25% $1k - $25k | 0.50% $25k - $50k
0.25%*$50k*-30 Day Fixed Rate CD
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $50k
0.25%*$50k*-Business 30 Day Fixed Rate CD
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $50k

First State Bank (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$75k*-48 Month Fixed Rate IRA
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $75k
2.02%*$75k*-60 Month Fixed Rate IRA
OTHER TIERS: 1.51% $1k - $10k | 1.76% $10k - $50k | 1.81% $50k - $75k
1.76%*$10k*-12 Month Fixed Rate IRA
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-18 Month Fixed Rate IRA
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-24 Month Fixed Rate IRA
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-30 Month Fixed Rate IRA
OTHER TIERS: 1.00% $1k - $10k
1.76%*$10k*-36 Month Fixed Rate IRA
OTHER TIERS: 1.51% $1k - $10k
1.00%*$25k*-6 Month Fixed Rate IRA
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k
0.80%*$75k*-6 Month $250 Easy IRA
OTHER TIERS: 0.40% $1k - $25k | 0.50% $25k - $50k | 0.75% $50k - $75k
0.75%*$50k*-91 Day Fixed Rate IRA
OTHER TIERS: 0.25% $1k - $25k | 0.50% $25k - $50k
0.50%$100-18 Month Variable Rate IRA
0.25%*$50k*-30 Day Fixed Rate IRA
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $50k
Locations

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