First Place Bank

Headquarters

185 East Market Street
Warren, OH 44481
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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 Place Bank is an FDIC insured institution located in Warren, OH. It was founded in 1949 and has approximately $2.24 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34657
Date Established 1949
Assets $ 2.24 billion
Loans $ 1,586.08 million
Deposits $ 1,763.76 million
Capital $ 321.20 million
 

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

Deposit Rates - April 11, 2021

Your Current Location: California, CA 92111

 

Loan Rates - April 11, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First Place Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
2.775% 2.750% 0.38 $808 $1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

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

Note to First Place Bank
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Branches

First Place 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:
San Diego,California


First Place Bank Locations


Financial Details

First Place Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Place 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 Place Bank U.S. Bank Average
22.82% 5.49%

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 December 31, 2020, First Place Bank had $57,825,000 in non-current loans and $17,619,000 in owned real estate. To cover these potential losses it had $321,200,000 in equity and $9,472,000 in loans loss reserves. That gives it a Texas Ratio of 22.82%.

Return on Equity
First Place Bank U.S. Bank Average
10.85% 9.24%

First Place Bank has a Return on Equity of 10.85% versus the BestCashCow average of 9.24%. 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 Place Bank U.S. Bank Average
14.36% 11.96%

First Place Bank has a Capitalization of 14.36% versus the BestCashCow average of 11.96. 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 Place Bank Balance Sheet Analysis

As of December 31, 2013, First Place Bank had assets of $2,236,878,000, loans of $1,586,081,000, and deposits of $1,763,764,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,586.08 million
Loan loss allowance $ 9.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 17.62 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,763.76 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 2.24 billion

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Ohio, First Place Bank has a significantly higher percent of Construction and Development 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 55.77
Multifamily
Mortgages
3.82
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 12.64
Construction and Development Loans 11.02
Commercial Real Estate 25.89
Commercial and Industrial Loans 3.63
Farm Loans 0.00

Frequently Asked Questions About First Place Bank

Branches and Savings

Is First Place Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34657.

Why does First Place 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 Place Bank CD rates not competitive?

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

Is First Place Bank a commercial bank?

Yes

Where are First Place Bank locations?

See branch locations nearby.

Is First Place Bank open on Saturdays?

Is First Place Bank open on Sundays?

What time does First Place Bank open?

What time does First Place Bank close?

Are First Place Bank ATMs Open 24/7?

Do First Place Bank ATMs accept cash deposits?

Can First Place Bank customers use other ATMs?

Do First Place Bank branches have notaries?

Will First Place Bank notarize my document?

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

Will the First Place Bank branch print checks?

Do First Place Bank checks expire?

Does First Place Bank require US citizenship to open account?

Can First Place Bank close my account?

Does First Place Bank Report to credit bureaus?

Does First Place Bank Use Equifax?

What is First Place Bank's ACH Routing Number?

What is First Place Bank's SWIFT code?

Products

Does First Place Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Place Bank offer personal loans?

Compare personal loan rates here.

Does First Place Bank offer student loans?

Will First Place Bank cash a check?

Will First Place Bank redeem a savings bond?

Does First Place Bank cash savings bonds?

Will First Place Bank cash money orders?

Can First Place Bank issue a money order?

Does First Place Bank do currency exchange?

Background on The Bank

Who owns First Place Bank?

How long has First Place Bank been around?

Can First Place Bank transfer to other banks?

Does First Place Bank have quick pay?

Does First Place Bank accept rolled coins?

Will First Place Bank accept loose change?

Where is First Place Bank headquarters?

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