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1st State Bank was founded in 2004 by local business professionals to serve the banking needs of businesses in the Great Lakes Bay Region. The bank offers a full range of business and personal banking services with a commitment to reinvesting deposits and profits back into the region, with total assets of approximately $474 million as of June 2024.
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7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$233K
Average
$284K
Sweet Spot
$0-$500K
Industries with highest loan volume
Drinking Places (Alcoholic Beverages)
3
loans
$111K
avg. amount
Drinking Places (Alcoholic Beverages)
3
loans
$111K
avg
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$711K
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$711K
avg
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
1
loans
$376K
avg. amount
Supermarkets and Other Grocery Retailers (except Convenience Retailers)
1
loans
$376K
avg
10-Year
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.50% |
over at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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