First State Bank
FDIC #15032
📍 Eastpointe, Michigan
First State Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 01/01/1917. With assets of $1.12 Billion, it operates 11 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 14, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
March 14, 2022
Satisfactory
May 1, 2019
Satisfactory
September 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$1.12 Billion
Total Deposits$922.25 Million
Equity Capital$88.31 Million
Net Income$10.84 Million
📈 Performance
ROA1.41%
ROE16.74%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1917
FDIC Cert15032
Holding CoFirst State Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Name Change
Name became: Changed Institution Name To First State Bank.
2006
Relocation
Moved HQ to: 16100 9 Mile Road, Eastpointe, MI 48021.
1998
Relocation
Moved HQ to: 22556 Gratiot Avenue, Eastpointe, MI 48021.
1990
Merger / Acquisition
Acquired: Macomb County Bank
1980
Name Change
Name became: Changed Institution Name To First State Bank Of East Detroit.