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 16th largest bank in the state of Michigan. It is also the 964th largest bank in the nation. It was established in 1917 and as of March of 2021, it had grown to 181 employees at 12 locations. First State Bank (MI) has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #15032
Year Established1917
Employees181
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.53%
Annual Interest Income$6.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.00B$828.5MM
LoansQ1 2021vs Q1 2020$490.0MM$515.0MM
DepositsQ1 2021vs Q1 2020$909.2MM$739.4MM
Equity CapitalQ1 2021vs Q1 2020$90.0MM$86.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$12.5MM$9.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$1.6MM$1.3MM
Real Estate OwnedQ1 2021vs Q1 2020$141.00K$207.00K
Rates
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* 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
0.10%*-$2kHoliday Savings Club Account
OTHER TIERS: 0.01% $2k+
0.05%--Premium Savings Account
0.05%--Health Savings Account
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
0.05%--Business Money Market Account
0.05%--Purpose Money Market

First State Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Premium Checking Account
0.05%--Public Funds Interest Checking
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
0.05%$1k-6 Month $250 Easy CD
0.05%$1k-30 Day Fixed Rate CD
0.05%$1k-91 Day Fixed Rate CD
0.05%$1k-6 Month Fixed Rate CD
0.05%$1k-12 Month Fixed Rate CD
0.05%$1k-18 Month Fixed Rate CD
0.05%$1k-24 Month Fixed Rate CD
0.05%$1k-30 Month Fixed Rate CD
0.05%$1k-36 Month Fixed Rate CD
0.05%$1k-48 Month Fixed Rate CD
0.05%$1k-60 Month Fixed Rate CD
0.05%$1k-Business 30 Day Fixed Rate CD
0.05%$1k-Business 91 Day Fixed Rate CD
0.05%$1k-Business 6 Month $250 Easy CD
0.05%$1k-Business 6 Month Fixed Rate CD
0.05%$1k-Business 12 Month Fixed Rate CD
0.05%$1k-Business 18 Month Fixed Rate CD
0.05%$1k-Business 24 Month Fixed Rate CD
0.05%$1k-Business 30 Month Fixed Rate CD
0.05%$1k-Business 36 Month Fixed Rate CD
0.05%$1k-Business 48 Month Fixed Rate CD
0.05%$1k-Business 60 Month Fixed Rate CD

First State Bank (MI) IRA Rates

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

Availability



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