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 15^th largest bank in the state of Michigan. It is also the 985^th 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

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	15032
Year Established	1917
Employees	174
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.55%
Return on Equity - YTD	6.2%
Annual Interest Income	$12.4MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$988.5MM$987.0MM
Loans	Q2 2022vs Q2 2021	$532.0MM$442.0MM
Deposits	Q2 2022vs Q2 2021	$905.1MM$895.6MM
Equity Capital	Q2 2022vs Q2 2021	$82.2MM$90.0MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$13.4MM$13.4MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$1.1MM$1.7MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
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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

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	-	$2k	Holiday 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Business Money Market Account
0.05%	-	-	Purpose Money Market

First State Bank (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Detroit Area

Detroit Area bank & credit union details

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