First State Bank and Trust Company, Financial Information

AboutFirst State Bank and Trust Company

 Address:
100 West Third Street
Caruthersville,MO
Pemiscot County,Missouri
 Established:
Apr 1934
 Number of domestic offices:
6
Agriculture bank
Total assets$441M
Net income$7M
Net income,quarterly$2M
Total deposits$380M
Domestic deposits$380M
Equity capital$53M
ROA1.75%
ROAQ,quarterly1.94%
ROA,pretax1.94%
ROAQ,quarterly,pretax1.94%
ROE14.1%
ROEQ,quarterly16.08%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

In 1995, First State Bank opened its first branch in Sikeston. Gordon Waller joined the management team in establishing the Sikeston Branch located at 750 South Main Street. In 2003, the second branch office was opened at 710 W. Business 60, Dexter.

Although First State was owned by a multi bank holding company, management pursued the advantages of merging with the other two independent banks the holding company owned – Bank of Hayti located at 805 E. Washington. The Bank of Hayti’s charter dated back to 1902.

Farmers Bank of Portageville located at 301 East Third Street was also merged. Farmers Bank of Portageville was chartered in 1905. All three banks had long histories in each community, but were served by the same management team. After careful consideration, the consolidation began with the merger of Farmers Bank of Portageville in late 2004 and then Bank of Hayti in 2005.

First State Bank and Trust Company, Inc. is still owned by First State Bancorp, Inc., and of the 87 shareholders, some are the original shareholder families from incorporation. One of the largest shareholders of the holding company is the First State Bancorp Employee Stock Ownership Plan – the employees. This is a unique feature of First State Bank and Trust.

For over 75 years, First State Bank and Trust Company, Inc. remains a locally-owned financial institution and through the commitment of its officers, directors and employees it continues to be a strong, stable and independent community bank with local management at each location.

Caruthersville Main Branch
100 W. Third Street
Caruthersville, MO 63830
Phone: 573-333-1700
Fax: 573-333-0076

Dexter Branch
710 West Business Highway 60
PO Box 189
Dexter, MO 63841
Phone: 573-624-3919

Hayti Branch
805 East Washington Street
Hayti, MO 63851
Phone: 573-359-1244

Portageville branch
301 East Third Street
PO Box 190
Portageville, MO 63873
Phone: 573-379-5735

Sikeston branch
750 South Main Street
PO Box 1830
Sikeston, MO 63801
Phone: 573-472-2424