First State Bank

Headquarters

115 West Washington Avenue
Union City, TN 38261
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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 State Bank is an FDIC insured institution located in Union City, TN. It was founded in 1887 and has approximately $1.9 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 1479
Date Established 1887
Assets $ 2.01 billion
Loans $ 1,137.95 million
Deposits $ 1,567.11 million
Capital $ 293.39 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First State 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 (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.654% 2.625%
0.38 points
$960 fees
$1,005 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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

Branches

First 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:
San Diego,California


First State Bank Locations


Financial Details

First State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First 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 State Bank U.S. Bank Average
2.02% 5.29%

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, 2021, First State Bank had $5,214,000 in non-current loans and $722,000 in owned real estate. To cover these potential losses it had $293,389,000 in equity and $667,000 in loans loss reserves. That gives it a Texas Ratio of 2.02%.

Return on Equity
First State Bank U.S. Bank Average
10.4% 11.43%

First State Bank has a Return on Equity of 10.4% versus the BestCashCow average of 11.43%. 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 State Bank U.S. Bank Average
14.6% 11.51%

First State Bank has a Capitalization of 14.6% versus the BestCashCow average of 11.51. 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 State Bank Balance Sheet Analysis

As of March 31, 2015, First State Bank had assets of $1,900,083,000, loans of $1,137,950,000, and deposits of $1,567,106,000. 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, 2021
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 $ 1,137.95 million
Loan loss allowance $ 0.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.72 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,567.11 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 $ 2.01 billion

Summary Income Statement

March 31, 2021
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 State Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Tennessee, First State Bank has a significantly higher percent of Consumer Auto Loans, Small Business 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 29.39
Multifamily
Mortgages
2.40
Credit Card Loans 0.00
Consumer Auto Loans 9.95
Small Business Loans 11.26
Construction and Development Loans 6.74
Commercial Real Estate 31.98
Commercial and Industrial Loans 12.12
Farm Loans 1.23

Frequently Asked Questions About First State Bank

Branches and Savings

Is First State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1479.

Why does First 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 State Bank CD rates not competitive?

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

Is First State Bank a commercial bank?

Yes

Where are First State Bank locations?

See branch locations nearby.

Is First State Bank open on Saturdays?

Is First State Bank open on Sundays?

What time does First State Bank open?

What time does First State Bank close?

Are First State Bank ATMs Open 24/7?

Do First State Bank ATMs accept cash deposits?

Can First State Bank customers use other ATMs?

Do First State Bank branches have notaries?

Will First State Bank notarize my document?

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

Will the First State Bank branch print checks?

Do First State Bank checks expire?

Does First State Bank require US citizenship to open account?

Can First State Bank close my account?

Does First State Bank Report to credit bureaus?

Does First State Bank Use Equifax?

What is First State Bank's ACH Routing Number?

What is First State Bank's SWIFT code?

Products

Does First State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank offer personal loans?

Compare personal loan rates here.

Does First State Bank offer student loans?

Will First State Bank cash a check?

Will First State Bank redeem a savings bond?

Does First State Bank cash savings bonds?

Will First State Bank cash money orders?

Can First State Bank issue a money order?

Does First State Bank do currency exchange?

Background on The Bank

Who owns First State Bank?

How long has First State Bank been around?

Can First State Bank transfer to other banks?

Does First State Bank have quick pay?

Does First State Bank accept rolled coins?

Will First State Bank accept loose change?

Where is First State Bank headquarters?

Customer Reviews for First State Bank

There are currently no comments for First State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →