First State Bank of Forsyth

Headquarters

880 Main Street
Forsyth, MT 59327
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
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 State Bank of Forsyth is an FDIC insured institution located in Forsyth, MT. It was founded in 1917 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8317
Date Established 1917
Assets $ 121.65 million
Loans $ 65.36 million
Deposits $ 101.39 million
Capital $ 16.32 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First State Bank of Forsyth

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

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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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Note to First State Bank of Forsyth
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Branches

First State Bank of Forsyth 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 of Forsyth Locations


Financial Details

First State Bank of Forsyth Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Forsyth. 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 of Forsyth U.S. Bank Average
10.56% 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 State Bank of Forsyth had $1,898,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,320,000 in equity and $1,655,000 in loans loss reserves. That gives it a Texas Ratio of 10.56%.

Return on Equity
First State Bank of Forsyth U.S. Bank Average
11.78% 7.80%

First State Bank of Forsyth has a Return on Equity of 11.78% 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 State Bank of Forsyth U.S. Bank Average
13.42% 12.68%

First State Bank of Forsyth has a Capitalization of 13.42% 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 State Bank of Forsyth Balance Sheet Analysis

As of March 31, 2020, First State Bank of Forsyth had assets of $121,649,000, loans of $65,359,000, and deposits of $101,389,000. 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 $ 9.17 million
Interest-bearing balances $ 7.24 million
Total securities $ 45.77 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 65.36 million
Loan loss allowance $ 1.66 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 $ 1.15 million
     Total Assets $ 105.33 million
LIABILITIES
Total deposits $ 101.39 million
      Interest-bearing deposits $ 87.72 million
      Deposits held in domestic offices $ 101.39 million
      % insured (estimated) 69.35%
Federal funds purchased and repurchase agreements $ 3.52 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.42 million
      Total Liabilities $ 105.33 million
      Shareholders’ Equity $ 16.32 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.30 million
Total Interest Expense $ 0.18 million
Net interest income $ 1.12 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.52 million
Pre-tax Net Operating Income $ 0.56 million

Bank Loan Profile?

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

Compared to other banks in Montana, First State Bank of Forsyth has a significantly higher percent of Consumer Auto Loans, 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 18.51
Multifamily
Mortgages
1.11
Credit Card Loans 0.00
Consumer Auto Loans 4.39
Small Business Loans 0.00
Construction and Development Loans 0.34
Commercial Real Estate 14.30
Commercial and Industrial Loans 8.35
Farm Loans 38.27

Frequently Asked Questions About First State Bank Of Forsyth

Branches and Savings

Is First State Bank Of Forsyth FDIC insured?

Yes. It is covered under FDIC Certificate #8317.

Why does First State Bank Of Forsyth 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 Of Forsyth CD rates not competitive?

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

Is First State Bank Of Forsyth a commercial bank?

Yes

Where are First State Bank Of Forsyth locations?

See branch locations nearby.

Is First State Bank Of Forsyth open on Saturdays?

Is First State Bank Of Forsyth open on Sundays?

What time does First State Bank Of Forsyth open?

What time does First State Bank Of Forsyth close?

Are First State Bank Of Forsyth ATMs Open 24/7?

Do First State Bank Of Forsyth ATMs accept cash deposits?

Can First State Bank Of Forsyth customers use other ATMs?

Do First State Bank Of Forsyth branches have notaries?

Will First State Bank Of Forsyth notarize my document?

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

Will the First State Bank Of Forsyth branch print checks?

Do First State Bank Of Forsyth checks expire?

Does First State Bank Of Forsyth require US citizenship to open account?

Can First State Bank Of Forsyth close my account?

Does First State Bank Of Forsyth Report to credit bureaus?

Does First State Bank Of Forsyth Use Equifax?

What is First State Bank Of Forsyth's ACH Routing Number?

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Products

Does First State Bank Of Forsyth offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank Of Forsyth offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Forsyth offer student loans?

Will First State Bank Of Forsyth cash a check?

Will First State Bank Of Forsyth redeem a savings bond?

Does First State Bank Of Forsyth cash savings bonds?

Will First State Bank Of Forsyth cash money orders?

Can First State Bank Of Forsyth issue a money order?

Does First State Bank Of Forsyth do currency exchange?

Background on The Bank

Who owns First State Bank Of Forsyth?

How long has First State Bank Of Forsyth been around?

Can First State Bank Of Forsyth transfer to other banks?

Does First State Bank Of Forsyth have quick pay?

Does First State Bank Of Forsyth accept rolled coins?

Will First State Bank Of Forsyth accept loose change?

Where is First State Bank Of Forsyth headquarters?

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