1st State Bank

4800 Fashion Square Boulevard, Suite 100
Saginaw, MI 48604

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57626
Date Established 2004
Assets $0.23 billion
Loans $0.18 billion
Deposits $0.19 billion
Capital $0.02 billion

1st State Bank is an FDIC insured institution located in Saginaw, MI. It was founded in 2004 and has approximately $0.23 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of 1st State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 1st State Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Michigan, 1st State Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.40
Multifamily
Mortgages
0.72
Credit Card Loans 0.01
Consumer Auto Loans 0.08
Small Business Loans 28.66
Construction and Development Loans 4.18
Commercial Real Estate 40.68
Commercial and Industrial Loans 41.33
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $5,000 - Learn MoreShow Less
6 Mo CD 10K
0.15% $5,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.03% $1,500 $4,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.03% $1 $499 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.01% $1 $9,999 Learn MoreShow Less
MM 10K
0.03% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.03% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.01% $1 $4,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to 1st State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

1st State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st State Bank Locations

Financial Details

1st State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st State Bank U.S. Bank Average
16.5% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, 1st State Bank had $3,215,000 in non-current loans and $880,000 in owned real estate. To cover these potential losses it had $22,101,000 in equity and $2,720,000 in loans loss reserves. That gives it a Texas Ratio of 16.5%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
1st State Bank U.S. Bank Average
9.56% 8.58

1st State Bank has a Return on Equity of 9.56% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
1st State Bank U.S. Bank Average
9.43% 12.11

1st State Bank has a Capitalization of 9.43% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st State Bank Balance Sheet Analysis

As of June 30, 2017, 1st State Bank had assets of $234,412,000, loans of $175,432,000, and deposits of $194,595,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About 1st State Bank

Branches and Savings

Is 1st State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57626.

Why does 1st State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st State Bank a commercial bank?

Yes

Where are 1st State Bank locations?

See branch locations nearby.

Is 1st State Bank open on Saturdays?

Is 1st State Bank open on Sundays?

What time does 1st State Bank open?

What time does 1st State Bank close?

Are 1st State Bank ATMs Open 24/7?

Do 1st State Bank ATMs accept cash deposits?

Can 1st State Bank customers use other ATMs?

Do 1st State Bank branches have notaries?

Will 1st State Bank notarize my document?

What address for 1st State Bank should I put for incoming ACH transfers?

Will the 1st State Bank branch print checks?

Do 1st State Bank checks expire?

Does 1st State Bank require US citizenship to open account?

Can 1st State Bank close my account?

Does 1st State Bank Report to credit bureaus?

Does 1st State Bank Use Equifax?

What is 1st State Bank's ACH Routing Number?

What is 1st State Bank's SWIFT code?

Products

Does 1st State Bank offer mortgages?

Compare mortgage rates here.

Does 1st State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st State Bank offer personal loans?

Compare personal loan rates here.

Does 1st State Bank offer student loans?

Will 1st State Bank cash a check?

Will 1st State Bank redeem a savings bond?

Does 1st State Bank cash savings bonds?

Will 1st State Bank cash money orders?

Can 1st State Bank issue a money order?

Does 1st State Bank do currency exchange?

Background on The Bank

Who owns 1st State Bank?

How long has 1st State Bank been around?

Can 1st State Bank transfer to other banks?

Does 1st State Bank have quick pay?

Does 1st State Bank accept rolled coins?

Will 1st State Bank accept loose change?

Where is 1st State Bank headquarters?

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