First State Bank

Headquarters

706-8 Washington Street
Mendota, IL 61342
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.40% →
1-Year CD 0.65% 1.15% →
2-Year CD 0.80% 1.26% →
5-Year CD 1.25% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First State Bank is an FDIC insured institution located in Mendota, IL. It was founded in 1940 and has approximately $1.14 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 15752
Date Established 1940
Assets $ 1,142.72 million
Loans $ 960.09 million
Deposits $ 971.84 million
Capital $ 120.10 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 - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $25 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.20% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $2,500 $249,999 Learn More
6 Mo CD
0.50% $2,500 $249,999 Learn More
Special: 7 Mo CD
0.65% $2,500 - Learn More
12 Mo CD
0.65% $1,000 $249,999 Learn More
Special: 15 Mo CD
0.85% $1,000 - Learn More
18 Mo CD
0.70% $1,000 $249,999 Learn More
24 Mo CD
0.80% $1,000 $249,999 Learn More
30 Mo CD
0.90% $1,000 $249,999 Learn More
36 Mo CD
1.00% $1,000 $249,999 Learn More
48 Mo CD
1.10% $1,000 $249,999 Learn More
60 Mo CD
1.25% $1,000 $249,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.65% $1,000 $250,000 Learn MoreShow Less
Special: 7 Mo FIRA
0.65% $2,500 - Learn MoreShow Less
Special: 15 Mo FIRA
0.85% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $999 Learn MoreShow Less
Int Ckg
0.15% $1,000 $4,999 Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$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:
Fairfield,Connecticut


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
7.11% 6.51%

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, 2019, First State Bank had $6,699,000 in non-current loans and $2,725,000 in owned real estate. To cover these potential losses it had $120,098,000 in equity and $12,412,000 in loans loss reserves. That gives it a Texas Ratio of 7.11%.

Return on Equity
First State Bank U.S. Bank Average
8.57% 9.41%

First State Bank has a Return on Equity of 8.57% versus the BestCashCow average of 9.41%. 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
10.51% 12.82%

First State Bank has a Capitalization of 10.51% versus the BestCashCow average of 12.82. 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 December 31, 2019, First State Bank had assets of $1,142,723,000, loans of $960,090,000, and deposits of $971,844,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 14.23 million
Interest-bearing balances $ 3.23 million
Total securities $ 101.72 million
Federal funds sold and reverse repurchase $ 2.42 million
Net loans and leases $ 960.09 million
Loan loss allowance $ 12.41 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.73 million
Goodwill and other intangibles $ 8.01 million
All other assets $ 29.76 million
     Total Assets $ 1,022.63 million
LIABILITIES
Total deposits $ 971.84 million
      Interest-bearing deposits $ 854.85 million
      Deposits held in domestic offices $ 971.84 million
      % insured (estimated) 79.55%
Federal funds purchased and repurchase agreements $ 12.75 million
Trading liabilities N.A.
Other borrowed funds $ 21.00 million
Subordinated debt N.A.
All other liabilities $ 17.03 million
      Total Liabilities $ 1,022.63 million
      Shareholders’ Equity $ 120.10 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 47.96 million
Total Interest Expense $ 13.43 million
Net interest income $ 34.53 million
Provision for loan and lease losses $ 1.80 million
Total non interest income $ 16.73 million
Total non interest expense $ 36.36 million
Pre-tax Net Operating Income $ 13.11 million

Bank Loan Profile?

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

Compared to other banks, First 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 29.31
Multifamily
Mortgages
6.54
Credit Card Loans 0.14
Consumer Auto Loans 0.37
Small Business Loans 11.51
Construction and Development Loans 4.38
Commercial Real Estate 26.49
Commercial and Industrial Loans 10.87
Farm Loans 8.84

Frequently Asked Questions About First State Bank

Branches and Savings

Is First State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15752.

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?

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