First State Bank of Decatur

Community Bankingfsbdecatur.com

Company typePrivate
Founded1870
HeadquartersDecatur, United States
Headcount11–50
GTM typeB2B and B2C
OfferingServices

First State Bank of Decatur firmographics

Firmographics

Name: First State Bank of Decatur
Legal name: First State Bank
Website: https://fsbdecatur.com
Company type: Private
Founded year: 1870
Operating status: Operating
Headcount range: 11–50 employees
Ownership category
akta.pro rank

First State Bank of Decatur industry classification

Industry

Product category: Community Banking
NAICS: Commercial Banking (52211), Commercial Banking (522110)
SIC: State Commercial Banks (6022)
akta.pro primary industry: Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
akta.pro secondary industries: Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

Community banking services
Retail deposit accounts
Consumer lending products
Commercial loan financing
Digital banking channels

Where First State Bank of Decatur is headquartered

Location

Headquarters

HQ city: Decatur
HQ country: United States
HQ region: North America

Offices1 record

Markets served

First State Bank of Decatur business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

Interest Income from Lending: The bank generates revenue primarily through interest income on loans including home mortgages, construction loans, commercial loans, agriculture loans, automobile loans, and personal loans.
Deposit Account Fees: Monthly maintenance fees, per-debit item fees, and minimum balance fees on checking and savings accounts. Additional fees for overdraft/NSF items, dormant accounts, and stop payments.
Service Fees: Fees for services including wire transfers, cashier's checks, money orders, safe deposit boxes, research requests, and ATM transactions.
Card Services: Revenue from Mastercard debit card transactions and associated fees including replacement and foreign transaction fees.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Regular Checking - $4.00 monthly fee if balance falls below $300.00, plus $0.20 per debit item
Subscription	Monthly	NOW Checking - $6.00 monthly fee if balance falls below $500.00, plus $0.20 per debit item
Subscription	Monthly	Business Checking - $6.00 monthly maintenance fee plus per-item fees
Transaction based/ take rate	Pay-as-you-go	Overdraft/NSF Item Fee - $25.00 per item
Transaction based/ take rate	Pay-as-you-go	Stop Payment Fee - $25.00-$30.00
Transaction based/ take rate	Pay-as-you-go	Wire Transfers - $20.00-$40.00
Subscription	Annual	Safe Deposit Boxes - $35.00-$50.00 annual rental
Transaction based/ take rate	Pay-as-you-go	ATM Services - $10.00 replacement fee

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

First State Bank of Decatur product offering

Product offering

Core offering

First State Bank of Decatur is a state chartered community bank that accepts deposits and originates loans for individuals and businesses in Decatur, Michigan. It provides consumer and business checking and savings accounts, certificates of deposit, a Mastercard debit card, and a range of mortgage, construction, commercial, agriculture, automobile, and personal loans, delivered through a single branch and digital channels (online, mobile, and telephone banking).

Product overview

First State Bank of Decatur is a locally owned and operated state chartered community bank offering a comprehensive suite of traditional banking products and services. The portfolio consists of deposit accounts (Personal Checking, NOW Checking, Money Market Checking, Business Checking, Regular Savings, Certificate of Deposit), loan products (Home Mortgages, Construction Loans, Commercial Loans, Agriculture Loans, Automobile Loans, Personal Loans), card services (Mastercard Debit Card), and electronic banking channels (Online Banking, Bill Payment, Electronic Statements, Mobile Banking, Telephone Banking). Additional services include Safety Deposit Boxes, Cashiers Checks, Wire Transfers, Money Orders, Coin Counting Services, Notary Services, and Night Depository. The bank operates primarily through its website platform at fsbdecatur.com, offering digital banking via web, mobile apps for iOS and Android, and 24-hour telephone banking.

Differentiator

Problem solved

Functional benefit

Products and services

Personal Checking

Companies that use First State Bank of Decatur

Customer profile

Segments2 records

Ideal customer profiles2 records

First State Bank of Decatur technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

First State Bank of Decatur partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves4 records

Expansion highlights1 record

First State Bank of Decatur competitors and assessment

Company assessment

Direct peers

Firstbank: Michigan-based community bank serving small towns and rural areas with similar deposit, lending, and digital banking offerings. Operates in a comparable geographic and customer segment, providing direct competition for retail and agricultural customers.
Southern Michigan Bank & Trust: State-chartered community bank operating in rural Michigan with a similar product mix of deposits, mortgages, and commercial loans. Comparable scale and customer base to First State Bank of Decatur.
Honor Credit Union: Michigan-based community-focused credit union serving similar demographics in southwestern Michigan with checking, savings, and loan products. Competes directly for individual and small business banking relationships in the same regional market.

Broad incumbents

Huntington Bancshares: Large regional bank headquartered in Columbus, Ohio, with significant presence across Michigan. While serving similar consumer and business customers, it offers greater scale, broader product suite, and more branch locations.
Bank of America: Major national bank with operations across Michigan offering extensive retail banking, lending, and digital services. Competes for the same customer base with substantially greater resources and geographic reach.
PNC Bank: Major regional bank with extensive Michigan operations offering retail and commercial banking. Competes for the same customer relationships but operates at substantially larger scale with more sophisticated digital offerings.
Flagstar Bank: Michigan-headquartered bank with statewide branch network offering products comparable to First State Bank. Provides competition in mortgages and consumer lending while operating at much greater scale.
Chase Bank: National banking giant with Michigan presence offering comprehensive retail and commercial banking services. Represents competitive pressure from scale, digital innovation, and brand recognition.

Emerging players

Consumers Credit Union: Michigan-based credit union with strong digital banking capabilities and competitive rates. Targets similar consumer and small business segments in western Michigan with a focus on technology-forward banking.
Lake Michigan Credit Union: Michigan's largest credit union offering full-service banking to individuals and businesses across the state. Competes with community banks through aggressive rates and digital capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

First State Bank of Decatur compliance and trust

Trust signal

Compliance2 records

First State Bank of Decatur financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First State Bank of Decatur leadership team

Management profile

Number of profiles

Profiles1 record

First State Bank of Decatur funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First State Bank of Decatur M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First State Bank of Decatur

What does First State Bank of Decatur do?

Is First State Bank of Decatur a public or private company?

First State Bank of Decatur is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was First State Bank of Decatur founded?

First State Bank of Decatur was founded in 1870. It employs 11 to 50 people.

Where is First State Bank of Decatur based?

First State Bank of Decatur is headquartered in Decatur, United States, in the North America region.

How does First State Bank of Decatur make money?

Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees, service Fees and card Services.

Who are First State Bank of Decatur's main competitors?

Direct peers on record are Firstbank, Southern Michigan Bank & Trust and Honor Credit Union. Broad incumbents are Huntington Bancshares, Bank of America, PNC Bank, Flagstar Bank and Chase Bank. Emerging players are Consumers Credit Union and Lake Michigan Credit Union.

Does First State Bank of Decatur have an API?

No public API is recorded for First State Bank of Decatur.

What industry is First State Bank of Decatur in?

First State Bank of Decatur's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.