Vitals
  • Total Assets
    665.4M 1.9 %
  • Total Deposits
    594.0M 2.0 %
  • Total Net Loans
    449.6M 1.4 %
  • Net Income
    5.9M 10.4 %
  • Book Value
    70.6M 1.7 %
  • Book Value x2
    141.3M 1.7 %
  • Book Value x3
    211.9M 1.7 %
ROAA

.89

ROAE

8.315

Efficiency Ratio

71.573

Net Interest Margin

3.755

Balance Sheet Highlights
Financial Highlights First State Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 665,434 330,697
Total Net Loans 449,567 227,599
Total Deposits 593,981 278,247
Total Equity 70,637 33,935
Profitability
Net Income 5,909 3,589
Return on Average Assets .89 .954
Return on Average Equity 8.315 8.772
Net Interest Margin 3.755 3.821
Efficiency Ratio 71.573 71.925
Noninterest Income/Revenue 21.382 24.061
Balance Sheet Ratios
Loan-to-Deposit 75.687 76.845
Securities/Assets .198 .16
Total Equity/Total Assets .106 .103
Tangible Equity/Tangible Assets .105 .098
Capital Adequacy
Tier 1 Common Capital 69,086 32,553
Tier 1 Capital 69,086 32,664
Tier 2 Capital 5,876 2,479
Total Capital 74,962 35,133
Total Risk Weighted Assets 503,362 242,208
Leverage Ratio 10.26 10.341
Common Equity Tier 1 Capital Ratio 13.72 15.339
Tier 1 Capital Ratio 13.72 15.393
Total Capital Ratio 14.89 16.423

Timeline for First State Bank

First State Bank Mortgage Company, Llc

Acquisition: First State Bank acquired a new subsidiary, First State Bank Mortgage Company, Llc , 8 years

View Profile Jun 29 2015

First State Bank Mortgage Company, Llc

First State Bank Mortgage Company, Llc became a new subsidiary organization for First State Bank.

View Profile Jan 01 2001

Macomb County Bank

Acquisition: First State Bank acquired a new subsidiary, Macomb County Bank, 34 years

View Profile Dec 01 1989

First State Safe Deposit Company

First State Safe Deposit Company became a new subsidiary organization for First State Bank.

View Profile Dec 31 1984

First State Financial Corporation

First State Financial Corporation became a new parent organization for First State Bank.

View Profile Feb 28 1981

Want to see more?

Complete timeline for First State Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First State Bank Mortgage Company, Llc Seller Pooling of Interests Discontinued 6/29/2015
Macomb County Bank Seller 61,402 Discontinued 12/1/1989
Relationships Role Relationship Start Relationship End
First State Financial Corporation Parent 2/28/1981
First State Bank Mortgage Company, Llc Subsidary 1/1/2001 6/28/2015
First State Safe Deposit Company Subsidary 12/31/1984 7/16/1999
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