First Central State Bank

Headquarters

914 Sixth Avenue
Dewitt, IA 52742
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.70% →
1-Year CD 0.15% 0.75% →
2-Year CD 0.25% 0.81% →
5-Year CD 0.45% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Central State Bank is an FDIC insured institution located in Dewitt, IA. It was founded in 1967 and has approximately $0.61 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 19716
Date Established 1967
Assets $ 609.65 million
Loans $ 389.82 million
Deposits $ 469.80 million
Capital $ 74.63 million
 

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

Deposit Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
Special: 13 Mo CD
0.50% $10,000 - Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
Special: 25 Mo CD
0.80% $10,000 - Learn More
30 Mo CD
0.30% $10,000 $14,999 Learn More
30 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.45% $10,000 $14,999 Learn More
60 Mo CD
0.45% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Central State Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.667% 2.625% 0.50 $1,380 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.562% 2.500% 0.75 $2,030 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

First Central 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:
Fairfield,Connecticut


First Central State Bank Locations


Financial Details

First Central State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Central 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
First Central State Bank U.S. Bank Average
1.63% 6.14%

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 September 30, 2020, First Central State Bank had $1,070,000 in non-current loans and $237,000 in owned real estate. To cover these potential losses it had $74,632,000 in equity and $5,390,000 in loans loss reserves. That gives it a Texas Ratio of 1.63%.

Return on Equity
First Central State Bank U.S. Bank Average
8.93% 9.23%

First Central State Bank has a Return on Equity of 8.93% versus the BestCashCow average of 9.23%. 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 Central State Bank U.S. Bank Average
12.24% 12.07%

First Central State Bank has a Capitalization of 12.24% versus the BestCashCow average of 12.07. 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 Central State Bank Balance Sheet Analysis

As of September 30, 2020, First Central State Bank had assets of $609,649,000, loans of $389,819,000, and deposits of $469,796,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 44.83 million
Interest-bearing balances $ 39.74 million
Total securities $ 143.88 million
Federal funds sold and reverse repurchase $ 10.60 million
Net loans and leases $ 389.82 million
Loan loss allowance $ 5.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.24 million
Goodwill and other intangibles $ 3.18 million
All other assets $ 11.98 million
     Total Assets $ 535.02 million
LIABILITIES
Total deposits $ 469.80 million
      Interest-bearing deposits $ 368.61 million
      Deposits held in domestic offices $ 469.80 million
      % insured (estimated) 76.34%
Federal funds purchased and repurchase agreements $ 28.75 million
Trading liabilities N.A.
Other borrowed funds $ 32.87 million
Subordinated debt N.A.
All other liabilities $ 3.60 million
      Total Liabilities $ 535.02 million
      Shareholders’ Equity $ 74.63 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 17.45 million
Total Interest Expense $ 3.60 million
Net interest income $ 13.86 million
Provision for loan and lease losses $ 1.06 million
Total non interest income $ 2.55 million
Total non interest expense $ 9.25 million
Pre-tax Net Operating Income $ 6.09 million

Bank Loan Profile?

The top three loan types in First Central State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, First Central State Bank’s loan portfolio does not show any specific loan specialty.

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 19.89
Multifamily
Mortgages
4.23
Credit Card Loans 0.00
Consumer Auto Loans 2.33
Small Business Loans 0.00
Construction and Development Loans 5.64
Commercial Real Estate 23.64
Commercial and Industrial Loans 20.48
Farm Loans 11.55

Frequently Asked Questions About First Central State Bank

Branches and Savings

Is First Central State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19716.

Why does First Central 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 First Central State Bank CD rates not competitive?

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

Is First Central State Bank a commercial bank?

Yes

Where are First Central State Bank locations?

See branch locations nearby.

Is First Central State Bank open on Saturdays?

Is First Central State Bank open on Sundays?

What time does First Central State Bank open?

What time does First Central State Bank close?

Are First Central State Bank ATMs Open 24/7?

Do First Central State Bank ATMs accept cash deposits?

Can First Central State Bank customers use other ATMs?

Do First Central State Bank branches have notaries?

Will First Central State Bank notarize my document?

What address for First Central State Bank should I put for incoming ACH transfers?

Will the First Central State Bank branch print checks?

Do First Central State Bank checks expire?

Does First Central State Bank require US citizenship to open account?

Can First Central State Bank close my account?

Does First Central State Bank Report to credit bureaus?

Does First Central State Bank Use Equifax?

What is First Central State Bank's ACH Routing Number?

What is First Central State Bank's SWIFT code?

Products

Does First Central State Bank offer mortgages?

Compare mortgage rates here.

Does First Central State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Central State Bank offer personal loans?

Compare personal loan rates here.

Does First Central State Bank offer student loans?

Will First Central State Bank cash a check?

Will First Central State Bank redeem a savings bond?

Does First Central State Bank cash savings bonds?

Will First Central State Bank cash money orders?

Can First Central State Bank issue a money order?

Does First Central State Bank do currency exchange?

Background on The Bank

Who owns First Central State Bank?

How long has First Central State Bank been around?

Can First Central State Bank transfer to other banks?

Does First Central State Bank have quick pay?

Does First Central State Bank accept rolled coins?

Will First Central State Bank accept loose change?

Where is First Central State Bank headquarters?

Customer Reviews for First Central State Bank


  • August 01, 2016

    Good question...I am out-of-state and would like to take advantage of your rates...my deposits would surely help your bank...

  • August 01, 2016

    Can you join FIRST CENTRAL STATE BANK for online banking? I am sure other people would like to know?

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