Net Noncore Funding Dependence Ratio $250,000įirst State Bank’s LOWER ratio signifies less dependency on high balance deposit accounts in comparison to all Texas Banks and all US Banks As evidence of our soundness, please see the following charts in terms of capital strength and liquidity ratios from the Uniform Bank Performance Report on December 31, 2022.įirst State Bank’s HIGHER ratio indicates a stronger capital base (allowing the bank to better weather challenging markets) in comparison to all Texas Banks and all US Banks We have been and remain very liquid, with a liquidity ratio exceeding 60% and the Board and Management have and will continue to monitor this on a monthly basis. We recognized only a very minimal loss of $25,000 on that investment, which would only be incurred if the Board elected to sell its investment portfolio which is NOT the case. That US Treasury note matures on January 31, 2024. In regard to any potential market value loss in our investment portfolio, on Decemwe held only a single $1,000,000 US Treasury note that required book to market loss accounting entry. We are happy to report the bank is profitable and has been retaining those profits to further increase the bank’s capital to further protect our customer’s deposits. The current ownership group purchased the bank in November 2021 – at that time $3 million in additional equity was invested into the bank, making the bank safer. In light of recent news as to the failures of Silicon Valley Bank and Signature Bank, we wanted to assure you that First State Bank remains well capitalized and financially strong. We greatly value your relationship with our bank, and take very seriously the financial trust you have placed with us. On behalf of our Board of Directors, Officers, and Staff, we want to express our sincere appreciation for you doing business with First State Bank in Abilene and Menard. We invite you to drop by, give us a call, or email us and allow us the opportunity to introduce you to a great bank. Supporting families and businesses in central Texas for over 115 years, First State Bank is pleased to announce many future upcoming products related to technological conveniences. CD rates are as high as they have been in years and that makes it a perfect time for you to put your money to work for you. In fact, right now is a perfect time to secure your savings in an interest baring CD. Plus, our business products and solutions can help you take your business to the next level. In addition to offering outstanding personalized service, we offer a full line of banking products, as well as a complete line of internet and telephone banking products designed to give you 24 hour a day access to your accounts. Please come by one of our locations and meet our family, willing to work hard to tailor a banking solution to meet your needs and achieve your goals. It is our mission to provide you with the best banking experience possible.
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