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 14th largest bank in the state of Michigan. It is also the 897th largest bank in the nation. It was established in 1917 and as of December of 2023, it had grown to 184 employees at 11 locations. First State Bank (MI) has an A health rating.

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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 Grade Components

FDIC Certificate #15032
Year Established1917
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD15.6%
Annual Interest Income$47.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.15B$957.9MM
LoansQ4 2023vs Q4 2022$667.9MM$612.4MM
DepositsQ4 2023vs Q4 2022$906.8MM$853.8MM
Equity CapitalQ4 2023vs Q4 2022$96.2MM$83.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$13.5MM$13.5MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.2MM$957K
Real Estate OwnedQ4 2023vs Q4 2022$0$0

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



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