First State Bank of East Detroit in Eastpointe, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First State Bank of East Detroit in Eastpointe, Michigan (MI)
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First State Bank of East Detroit - Overview

  • General
  • FDIC Certificate #: 15032
    Status: Active
    Federal Reserve ID: 113740
    Bank Holding Company (Regulatory Top Holder): First State Financial Corporation (RSSDID: 1204177, Location: Saint Claire Shores, MI)
    Date Established: January 01, 1917
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 9426
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 21, 1935
    Last Structure Change Effective Date: December 01, 2008
    Last Structure Change Process Date: December 19, 2008
    Last Data Update: December 19, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 16100 9 Mile Road, Eastpointe, MI 48021
    County: Macomb
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
    CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
    Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
  • Financial Summary
  • Total assets: $557.8 mil
    Equity capital: $62.7 mil
    Deposits held in domestic offices: $485.1 mil
    Return on assets (ROA): 0.27% ($1.5 mil)
    Quarterly return on assets: 0.31% ($1.7 mil)
    Return on Equity (ROE): 2.50% ($1.6 mil)
    Quarterly return on equity: 2.84% ($1.8 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.38% ($2,119.7 mil)
    Quarterly Pretax return on assets: 0.52% ($2,900.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 180Total employees (full-time equivalent)
  • $557,825Total assets
  • $85,975Cash and due from depository institutions
  • $60,488Interest-bearing balances
  • $132,994Securities
  • $10,659Federal funds sold & reverse repurchase agreements
  • $300,220Net loans & leases
  • $7,429Loan loss allowance
  • $0Trading account assets
  • $15,683Bank premises and fixed assets
  • $946Other real estate owned
  • $79Goodwill and other intangibles
  • $557,824Life insurance assets
  • $11,269All other assets
  • $495,101Total liabilities and capital
  • $485,134Total liabilities
  • $397,434Total deposits
  • $485,134Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,031Trading liabilities
  • $0Other borrowed funds
  • $936Subordinated debt
  • $62,723All other liabilities
  • $62,723Total equity capital
  • $62,723Total bank equity capital
  • $0Perpetual preferred stock
  • $925Common stock
  • $25,310Surplus
  • $36,488Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,431Income earned, not collected on loans
  • $0Earning assets
  • $1,771Long-term assets (5+ years)
  • $504,361Average Assets, year-to-date
  • $174,222Average Assets, quarterly
  • $578,266Volatile liabilities
  • $571,362Insider loans
  • $340,216FHLB advances
  • $567,872Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $56,198Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,935Restructured Loans and leases
  • $670Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,207Total interest income
  • $3,017Total interest expense
  • $20,190Net interest income
  • $3,650Provision for loan and lease losses
  • $4,826Total noninterest income
  • $0Fiduciary activities
  • $2,303Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,523Additional noninterest income
  • $18,870Total noninterest expense
  • $10,465Salaries and employee benefits
  • $2,742Premises and equipment expense
  • $5,663Additional noninterest expense
  • $2,496Pre-tax net operating income
  • -$322Securities gains (losses)
  • $615Applicable income taxes
  • $1,559Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,559Net income attributable to bank
  • $0Net charge-offs
  • $1,559Cash dividends
  • $4,674Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 2.50%Return on equity (ROE)
  • 2.50%Retained earnings to average equity (YTD only)
  • 1.60%Net charge-offs to loans
  • 78.09%Credit loss provision to net charge-offs
  • 1.31%Efficiency ratio
  • 75,340Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.41%Loss allowance to noncurrent loans
  • 64.99%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 3.72%Net loans and leases to deposits
  • 61.88%Net loans and leases to core deposits
  • 64.18%Equity capital to assets
  • 11.24%Core capital (leverage) ratio
  • 9.90%Tier 1 risk-based capital ratio
  • 16.52%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $578,266Average earning assets
  • $62,394Average equity
  • $515,815Average loans

List of branches

  • 11 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09426First State Bank Of East Detroit16100 9 Mile Road, Eastpointe, MI 48021January 01, 1917Full Service Brick and Mortar
    1233116Mack Branch23600 Greater Mack Avenue, St. Clair Shores, MI 48081July 17, 1947Full Service Brick and Mortar
    2233117Harper Branch24335 Harper Avenue, St. Clair Shores, MI 48080August 10, 1961Full Service Brick and Mortar
    3233118Ten Mile Branch15000 Ten Mile Road, East Detroit, MI 48021September 06, 1966Full Service Brick and Mortar
    6233121Kelly Branch22711 Kelly Road, Eastpointe, MI 48021September 29, 1980Full Service Brick and Mortar
    89462Richmond Branch67225 Gratiot Avenue, Richmond, MI 48062January 01, 1935Full Service Brick and Mortar
    10233175Clinton Branch44990 Groesbeck Highway, Clinton Township, MI 48043May 01, 1987Full Service Brick and Mortar
    11233123Sterling Heights Branch38169 Utica Road, Sterling Heights, MI 48312June 24, 1991Full Service Brick and Mortar
    12233124Macomb Branch53050 Romeo Plank Road, Macomb, MI 48042January 16, 1996Full Service Brick and Mortar
    14443565Washinton Twp Office Branch11555 26 Mile Rd, Washington Township, MI 48094October 01, 2004Full Service Brick and Mortar
    15454496Chesterfield Township Branch53950 Gratiot, Chesterfield, MI 48051October 04, 2005Full Service Brick and Mortar

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