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 13th largest bank in the state of Michigan. It is also the 974th largest bank in the nation. It was established in 1917 and as of March of 2020, it had grown to 182 employees at 14 locations. First State Bank (MI) has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees182
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD10.39%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$828.5MM$764.5MM
LoansQ1 2020vs Q1 2019$515.0MM$532.4MM
DepositsQ1 2020vs Q1 2019$739.4MM$684.4MM
Equity CapitalQ1 2020vs Q1 2019$86.3MM$78.3MM
Loan Loss AllowanceQ1 2020vs Q1 2019$9.7MM$7.8MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.3MM$3.3MM
Real Estate OwnedQ1 2020vs Q1 2019$207.00K$1.3MM
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
0.15%*$50k*-Premium Savings Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k
0.15%*$100k*-Health Savings Account
OTHER TIERS: 0.10% Up to $100k
0.05%*-$2kHoliday Savings Club Account
OTHER TIERS: 0.01% $2k+
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
0.20%*$100k*-Purpose Money Market
OTHER TIERS: 0.10% Up to $45k | 0.15% $45k - $100k
0.10%*$40k*-Business Money Market Account
OTHER TIERS: 0.05% Up to $40k

First State Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Premium Checking Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k
0.10%*$20k*-Public Funds Interest Checking
OTHER TIERS: 0.05% Up to $20k
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
0.25%$1k-48 Month Fixed Rate CD
0.25%$1k-60 Month Fixed Rate CD
0.25%$1k-Business 48 Month Fixed Rate CD
0.25%$1k-Business 60 Month Fixed Rate CD
0.20%$1k-12 Month Fixed Rate CD
0.20%$1k-18 Month Fixed Rate CD
0.20%$1k-24 Month Fixed Rate CD
0.20%$1k-30 Month Fixed Rate CD
0.20%$1k-36 Month Fixed Rate CD
0.20%$1k-Business 12 Month Fixed Rate CD
0.20%$1k-Business 18 Month Fixed Rate CD
0.20%$1k-Business 24 Month Fixed Rate CD
0.20%$1k-Business 30 Month Fixed Rate CD
0.20%$1k-Business 36 Month Fixed Rate CD
0.10%$1k-6 Month $250 Easy CD
0.10%$1k-6 Month Fixed Rate CD
0.10%$1k-Business 6 Month $250 Easy CD
0.10%$1k-Business 6 Month Fixed Rate CD
0.05%$1k-30 Day Fixed Rate CD
0.05%$1k-91 Day Fixed Rate CD
0.05%$1k-Business 30 Day Fixed Rate CD
0.05%$1k-Business 91 Day Fixed Rate CD

First State Bank (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-48 Month Fixed Rate IRA
0.25%$1k-60 Month Fixed Rate IRA
0.20%$1k-12 Month Fixed Rate IRA
0.20%$1k-18 Month Fixed Rate IRA
0.20%$1k-24 Month Fixed Rate IRA
0.20%$1k-30 Month Fixed Rate IRA
0.20%$1k-36 Month Fixed Rate IRA
0.10%$1k-6 Month $250 Easy IRA
0.10%$1k-6 Month Fixed Rate IRA
0.05%$1k-30 Day Fixed Rate IRA
0.05%$1k-91 Day Fixed Rate IRA
Locations

Availability



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