First State Bank of Porter

Headquarters

541 S. Main
Porter, OK 74454
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 Porter is an FDIC insured institution located in Porter, OK. It was founded in 1905 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 4180
Date Established 1905
Assets $ 35.91 million
Loans $ 27.22 million
Deposits $ 29.87 million
Capital $ 5.53 million
 

For a more detailed analysis of First State Bank of Porter'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 Porter

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

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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People's United Bank, N.A.
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4.000 %
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Third Federal Savings and Loans
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2.990 %
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Note to First State Bank of Porter
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Branches

First State Bank of Porter 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 Porter Locations


Financial Details

First State Bank of Porter Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Porter. 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 Porter U.S. Bank Average
2.36% 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 Porter had $124,000 in non-current loans and $16,000 in owned real estate. To cover these potential losses it had $5,534,000 in equity and $395,000 in loans loss reserves. That gives it a Texas Ratio of 2.36%.

Return on Equity
First State Bank of Porter U.S. Bank Average
14.89% 7.80%

First State Bank of Porter has a Return on Equity of 14.89% 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 Porter U.S. Bank Average
15.41% 12.68%

First State Bank of Porter has a Capitalization of 15.41% 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 Porter Balance Sheet Analysis

As of March 31, 2015, First State Bank of Porter had assets of $35,912,000, loans of $27,223,000, and deposits of $29,865,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 27.22 million
Loan loss allowance $ 0.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 29.87 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 $ 35.91 million

Summary Income Statement

March 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 State Bank of Porter’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Oklahoma, First State Bank of Porter 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 29.57
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 8.67
Small Business Loans 17.75
Construction and Development Loans 0.77
Commercial Real Estate 17.75
Commercial and Industrial Loans 18.82
Farm Loans 16.92

Frequently Asked Questions About First State Bank Of Porter

Branches and Savings

Is First State Bank Of Porter FDIC insured?

Yes. It is covered under FDIC Certificate #4180.

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

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

Is First State Bank Of Porter a commercial bank?

Yes

Where are First State Bank Of Porter locations?

See branch locations nearby.

Is First State Bank Of Porter open on Saturdays?

Is First State Bank Of Porter open on Sundays?

What time does First State Bank Of Porter open?

What time does First State Bank Of Porter close?

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

Do First State Bank Of Porter ATMs accept cash deposits?

Can First State Bank Of Porter customers use other ATMs?

Do First State Bank Of Porter branches have notaries?

Will First State Bank Of Porter notarize my document?

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

Will the First State Bank Of Porter branch print checks?

Do First State Bank Of Porter checks expire?

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

Can First State Bank Of Porter close my account?

Does First State Bank Of Porter Report to credit bureaus?

Does First State Bank Of Porter Use Equifax?

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

What is First State Bank Of Porter's SWIFT code?

Products

Does First State Bank Of Porter offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First State Bank Of Porter offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Porter offer student loans?

Will First State Bank Of Porter cash a check?

Will First State Bank Of Porter redeem a savings bond?

Does First State Bank Of Porter cash savings bonds?

Will First State Bank Of Porter cash money orders?

Can First State Bank Of Porter issue a money order?

Does First State Bank Of Porter do currency exchange?

Background on The Bank

Who owns First State Bank Of Porter?

How long has First State Bank Of Porter been around?

Can First State Bank Of Porter transfer to other banks?

Does First State Bank Of Porter have quick pay?

Does First State Bank Of Porter accept rolled coins?

Will First State Bank Of Porter accept loose change?

Where is First State Bank Of Porter headquarters?

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