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 15th largest bank in the state of Michigan. It is also the 985th largest bank in the nation. It was established in 1917 and as of June of 2022, it had grown to 174 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 - YTD0.55%
Return on Equity - YTD6.2%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$988.5MM$987.0MM
LoansQ2 2022vs Q2 2021$532.0MM$442.0MM
DepositsQ2 2022vs Q2 2021$905.1MM$895.6MM
Equity CapitalQ2 2022vs Q2 2021$82.2MM$90.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$13.4MM$13.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.1MM$1.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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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%--Health Savings Account
0.01%--Minor Savings Account
0.01%--Statement Savings Account
0.01%--Premium 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%--Business Interest Checking Account
0.05%--Interest on Lawyer Trust Accounts
0.05%--Public Funds Interest Checking
0.01%--Premium Checking Account
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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