First State Bank of Miami, Texas

Headquarters

100 South Main
Miami, TX 79059
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 of Miami, Texas is an FDIC insured institution located in Miami, TX. It was founded in 1927 and has approximately $0 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11144
Date Established 1927
Assets $ 0.76 million
Loans N.A.
Deposits N.A.
Capital $ 0.74 million
 

For a more detailed analysis of First State Bank of Miami, Texas'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 of Miami, Texas

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
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Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to First State Bank of Miami, Texas
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Branches

First State Bank of Miami, Texas 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 of Miami, Texas Locations


Financial Details

First State Bank of Miami, Texas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Miami, Texas. 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 Miami, Texas U.S. Bank Average
0% 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 of Miami, Texas had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $737,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First State Bank of Miami, Texas U.S. Bank Average
-6.45% 11.43%

First State Bank of Miami, Texas has a Return on Equity of -6.45% 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 of Miami, Texas U.S. Bank Average
96.72% 11.51%

First State Bank of Miami, Texas has a Capitalization of 96.72% 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 of Miami, Texas Balance Sheet Analysis

As of March 31, 2014, First State Bank of Miami, Texas had assets of $762,000, loans of $0, and deposits of $0. 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 N.A.
Loan loss allowance N.A.
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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits N.A.
      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 $ 0.76 million

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 of Miami, Texas’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First State Bank of Miami, Texas’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About First State Bank Of Miami, Texas

Branches and Savings

Is First State Bank Of Miami, Texas FDIC insured?

Yes. It is covered under FDIC Certificate #11144.

Why does First State Bank Of Miami, Texas 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 Miami, Texas CD rates not competitive?

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

Is First State Bank Of Miami, Texas a commercial bank?

Yes

Where are First State Bank Of Miami, Texas locations?

See branch locations nearby.

Is First State Bank Of Miami, Texas open on Saturdays?

Is First State Bank Of Miami, Texas open on Sundays?

What time does First State Bank Of Miami, Texas open?

What time does First State Bank Of Miami, Texas close?

Are First State Bank Of Miami, Texas ATMs Open 24/7?

Do First State Bank Of Miami, Texas ATMs accept cash deposits?

Can First State Bank Of Miami, Texas customers use other ATMs?

Do First State Bank Of Miami, Texas branches have notaries?

Will First State Bank Of Miami, Texas notarize my document?

What address for First State Bank Of Miami, Texas should I put for incoming ACH transfers?

Will the First State Bank Of Miami, Texas branch print checks?

Do First State Bank Of Miami, Texas checks expire?

Does First State Bank Of Miami, Texas require US citizenship to open account?

Can First State Bank Of Miami, Texas close my account?

Does First State Bank Of Miami, Texas Report to credit bureaus?

Does First State Bank Of Miami, Texas Use Equifax?

What is First State Bank Of Miami, Texas's ACH Routing Number?

What is First State Bank Of Miami, Texas's SWIFT code?

Products

Does First State Bank Of Miami, Texas offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Miami, Texas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Miami, Texas offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Miami, Texas offer student loans?

Will First State Bank Of Miami, Texas cash a check?

Will First State Bank Of Miami, Texas redeem a savings bond?

Does First State Bank Of Miami, Texas cash savings bonds?

Will First State Bank Of Miami, Texas cash money orders?

Can First State Bank Of Miami, Texas issue a money order?

Does First State Bank Of Miami, Texas do currency exchange?

Background on The Bank

Who owns First State Bank Of Miami, Texas?

How long has First State Bank Of Miami, Texas been around?

Can First State Bank Of Miami, Texas transfer to other banks?

Does First State Bank Of Miami, Texas have quick pay?

Does First State Bank Of Miami, Texas accept rolled coins?

Will First State Bank Of Miami, Texas accept loose change?

Where is First State Bank Of Miami, Texas headquarters?

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