First State Bank (MI)

Overview / Commentary
24300 Little Mack
St. Clair Shores, MI 48080

First State Bank (MI) is headquartered in Eastpointe and is the 17th largest bank in the state of Michigan. It is also the 990th largest bank in the nation. It was established in 1917 and as of June of 2021, it had grown to 185 employees at 12 locations. First State Bank (MI) has an A+ health rating.


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Health Grade Components

FDIC Certificate #15032
Year Established1917
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.19%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$987.0MM$926.7MM
LoansQ2 2021vs Q2 2020$442.0MM$587.6MM
DepositsQ2 2021vs Q2 2020$895.6MM$836.4MM
Equity CapitalQ2 2021vs Q2 2020$90.0MM$88.2MM
Loan Loss AllowanceQ2 2021vs Q2 2020$13.4MM$10.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.7MM$11.0MM
Real Estate OwnedQ2 2021vs Q2 2020$0$207.00K
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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

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

0.05%--Business Money Market Account
0.05%--Purpose Money Market

First State Bank (MI) Checking Account Rates

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

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

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


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