First Bank and Trust of Memphis

Headquarters

501 Main Street
Memphis, TX 79245
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Bank and Trust of Memphis is an FDIC insured institution located in Memphis, TX. It was founded in 1898 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 3335
Date Established 1898
Assets $ 57.78 million
Loans $ 32.07 million
Deposits $ 49.42 million
Capital $ 7.76 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for First Bank and Trust of Memphis

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Cascadia Mortgage
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2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to First Bank and Trust of Memphis
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Branches

First Bank and Trust of Memphis branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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First Bank and Trust of Memphis Locations


Financial Details

First Bank and Trust of Memphis Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank and Trust of Memphis. 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
First Bank and Trust of Memphis U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Bank and Trust of Memphis had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,761,000 in equity and $619,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Bank and Trust of Memphis U.S. Bank Average
3.51% 7.80%

First Bank and Trust of Memphis has a Return on Equity of 3.51% versus the BestCashCow average of 7.80%. 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
First Bank and Trust of Memphis U.S. Bank Average
13.43% 12.68%

First Bank and Trust of Memphis has a Capitalization of 13.43% versus the BestCashCow average of 12.68. 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.

First Bank and Trust of Memphis Balance Sheet Analysis

As of March 31, 2020, First Bank and Trust of Memphis had assets of $57,776,000, loans of $32,073,000, and deposits of $49,423,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 3.72 million
Interest-bearing balances $ 2.93 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 20.26 million
Net loans and leases $ 32.07 million
Loan loss allowance $ 0.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.51 million
     Total Assets $ 50.02 million
LIABILITIES
Total deposits $ 49.42 million
      Interest-bearing deposits $ 37.54 million
      Deposits held in domestic offices $ 49.42 million
      % insured (estimated) 81.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.59 million
      Total Liabilities $ 50.02 million
      Shareholders’ Equity $ 7.76 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.52 million
Total Interest Expense $ 0.11 million
Net interest income $ 0.42 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.04 million
Total non interest expense $ 0.38 million
Pre-tax Net Operating Income $ 0.07 million

Bank Loan Profile?

The top three loan types in First Bank and Trust of Memphis’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Texas, First Bank and Trust of Memphis has a significantly higher percent of Farm 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 23.03
Multifamily
Mortgages
1.60
Credit Card Loans 0.00
Consumer Auto Loans 0.23
Small Business Loans 0.00
Construction and Development Loans 7.79
Commercial Real Estate 30.39
Commercial and Industrial Loans 14.20
Farm Loans 18.11

Frequently Asked Questions About First Bank And Trust Of Memphis

Branches and Savings

Is First Bank And Trust Of Memphis FDIC insured?

Yes. It is covered under FDIC Certificate #3335.

Why does First Bank And Trust Of Memphis pay such low interest on savings accounts?

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

Why are First Bank And Trust Of Memphis CD rates not competitive?

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

Is First Bank And Trust Of Memphis a commercial bank?

Yes

Where are First Bank And Trust Of Memphis locations?

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Is First Bank And Trust Of Memphis open on Saturdays?

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Products

Does First Bank And Trust Of Memphis offer mortgages?

Compare mortgage rates here.

Does First Bank And Trust Of Memphis offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank And Trust Of Memphis offer personal loans?

Compare personal loan rates here.

Does First Bank And Trust Of Memphis offer student loans?

Will First Bank And Trust Of Memphis cash a check?

Will First Bank And Trust Of Memphis redeem a savings bond?

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Will First Bank And Trust Of Memphis cash money orders?

Can First Bank And Trust Of Memphis issue a money order?

Does First Bank And Trust Of Memphis do currency exchange?

Background on The Bank

Who owns First Bank And Trust Of Memphis?

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Can First Bank And Trust Of Memphis transfer to other banks?

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Will First Bank And Trust Of Memphis accept loose change?

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