Firstbank - West Branch


502 West Houghton Avenue
West Branch, MI 48661
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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

Firstbank - West Branch is an FDIC insured institution located in West Branch, MI. It was founded in 1980 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 23309
Date Established 1980
Assets $ 248.95 million
Loans $ 180.81 million
Deposits $ 203.53 million
Capital $ 21.47 million

For a more detailed analysis of Firstbank - West Branch'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: Connecticut, CT 06828


Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Firstbank - West Branch

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 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More
NMLS ID: 1907
2.808% 2.750%
-0.25 points
$1,875 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
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 Firstbank - West Branch
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Financial Details

Firstbank - West Branch Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Firstbank - West Branch. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Firstbank - West Branch U.S. Bank Average
26.94% 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, Firstbank - West Branch had $5,985,000 in non-current loans and $827,000 in owned real estate. To cover these potential losses it had $21,473,000 in equity and $3,817,000 in loans loss reserves. That gives it a Texas Ratio of 26.94%.

Return on Equity
Firstbank - West Branch U.S. Bank Average
10.35% 11.43%

Firstbank - West Branch has a Return on Equity of 10.35% 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.

Firstbank - West Branch U.S. Bank Average
8.63% 11.51%

Firstbank - West Branch has a Capitalization of 8.63% 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.

Firstbank - West Branch Balance Sheet Analysis

As of December 31, 2012, Firstbank - West Branch had assets of $248,949,000, loans of $180,811,000, and deposits of $203,529,000. 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
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 $ 180.81 million
Loan loss allowance $ 3.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.83 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 203.53 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 $ 248.95 million

Summary Income Statement

March 31, 2021
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 Firstbank - West Branch’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Michigan, Firstbank - West Branch has a significantly higher percent of Small Business Loans, Construction and Development 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 43.07
Credit Card Loans 0.01
Consumer Auto Loans 5.96
Small Business Loans 22.87
Construction and Development Loans 8.26
Commercial Real Estate 28.63
Commercial and Industrial Loans 7.20
Farm Loans 0.43

Frequently Asked Questions About Firstbank - West Branch

Branches and Savings

Is Firstbank - West Branch FDIC insured?

Yes. It is covered under FDIC Certificate #23309.

Why does Firstbank - West Branch pay such low interest on savings accounts?

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

Why are Firstbank - West Branch CD rates not competitive?

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

Is Firstbank - West Branch a commercial bank?


Where are Firstbank - West Branch locations?

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Is Firstbank - West Branch open on Saturdays?

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Does Firstbank - West Branch offer mortgages?

Compare mortgage rates here.

Does Firstbank - West Branch offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstbank - West Branch offer personal loans?

Compare personal loan rates here.

Does Firstbank - West Branch offer student loans?

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Background on The Bank

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Can Firstbank - West Branch transfer to other banks?

Does Firstbank - West Branch have quick pay?

Does Firstbank - West Branch accept rolled coins?

Will Firstbank - West Branch accept loose change?

Where is Firstbank - West Branch headquarters?

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