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 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.

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
Employees179
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD13.44%
Annual Interest Income$30.7MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.23B$1.07B
LoansQ2 2024vs Q2 2023$815.9MM$699.8MM
DepositsQ2 2024vs Q2 2023$1.08B$880.3MM
Equity CapitalQ2 2024vs Q2 2023$100.4MM$87.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$13.4MM$14.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.4MM$823K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

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

Locations

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