A specific First State Bank
This profile covers First State Bank (Winchester, Ohio). [1]
First State Bank in Winchester, Ohio is identified by FDIC certificate 9437. It is an active state-nonmember bank, with the FDIC as its primary federal regulator. Its official website is fsb4me.com. The location and certificate distinguish it from the many unrelated institutions called First State Bank. The FDIC’s recorded headquarters is 19230 State Route 136 in Winchester. [1]
The bank traces its origins to the Winchester Bank Company, founded by Lucien Jerome Fenton in 1884. The present First State name followed the May 1, 1969 merger of Winchester Bank Company and the Bank of Manchester. Earlier, Winchester had acquired Seaman Bank in 1959. These were steps in building one local franchise, rather than a recent merger among today’s separately named banks. [3]
An Ohio bank with Kentucky offices
First State’s official history describes the addition of three Brown County offices from Oak Hill in 2008, the acquisition of First Safety Bank in 2016 and the acquisition of Inez Deposit Bank in February 2021. The last transaction brought offices in eastern Kentucky. In 2024, Portsmouth became a full-service banking center and the bank opened in Maysville, Kentucky. [3]
The bank currently describes seventeen banking centers, thirteen in southern Ohio and four in Kentucky. Its parent is First State Bancorp, Inc., a Winchester-based one-bank holding company. Ohio headquarters should therefore not be read as Ohio-only operations, and parent-company financing should be distinguished from deposits owed by the insured bank to its customers. [3, 4]
Local property and farm credit
The bank’s agricultural offering includes equipment, real-estate and operating finance. Its commercial-property page describes financing for purchases, refinancing, construction and investment properties. Those products match different stages of a business’s life: meeting seasonal costs, purchasing a permanent site or expanding an existing operation. The public terms establish the services available, not an automatic approval or a measured concentration in any particular industry. [5, 6]
At June 30, 2026, the bank reported $525.4 million of real-estate-secured loans and $13.2 million of commercial-and-industrial loans. The prominence of property-secured credit is a balance-sheet fact. The broad real-estate category should not be confused with a single commercial-property type; household mortgages, farms and other property categories can have very different repayment drivers. [2]
Deposits support more than the loan book
At June 30, 2026, First State Bank reported $1.241 billion in assets, $1.098 billion in deposits, $565.8 million in net loans and leases and $108.5 million in equity. A year earlier, assets were $1.121 billion, deposits $1.045 billion and net loans $531.5 million. Amounts are converted from the FDIC’s thousands-of-dollars reporting and cover the insured bank alone. [2]
Securities were $522.7 million at June 2026, compared with $437.7 million a year earlier. The institution therefore had a substantial securities portfolio alongside its lending activity. Securities can provide income and , but their price sensitivity, maturity and accounting treatment also matter. The total balance alone cannot establish how much could be sold immediately without realizing a loss. [2]
Earnings and funding need separate explanations
Calendar first-half bank net income increased to $6.6 million from $5.8 million. Nonaccrual loans increased to $4.7 million from $2.3 million. Nonaccrual means normal interest recognition has stopped; it is not a forecast that the entire balance will be lost. These figures describe simultaneous changes in earnings and credit, without establishing a single cause. [2]
The 2025 annual report discloses $25 million of subordinated notes issued by First State Bancorp during that year. The initial fixed rate was 6.375% through November 2030, after which the rate becomes variable. This is a parent-company debt obligation, not additional customer deposits. The report also describes reciprocal CDARS and Insured Cash Sweep arrangements, which place qualifying customer funds across participating banks and return matching reciprocal funding. Their coverage depends on program terms and applicable limits. [7]
Those distinctions explain why funding cannot be understood from a deposit total alone. Equity, deposits and parent borrowing have different claims and costs. The notes support an understanding of the organization’s financing structure, but should not be presented as proof that all account balances or all products sold through the bank are insured. [7]
Treasury tools for businesses and organizations
First State offers ACH payments for payroll, vendors and taxes, remote check deposits, card acceptance and Positive Pay. Under Positive Pay, the customer supplies issued-check information and decides how to handle exceptions identified during reconciliation. These services connect the bank to the day-to-day accounts of employers and local organizations rather than only to their borrowing. [8]
The business purpose is practical: receiving payments, controlling disbursements and keeping a view of cash needs. Automated processing can reduce manual work, but sound authorization and review remain necessary. The bank’s service descriptions do not provide a separate income statement for treasury management, so no conclusion about that activity’s contribution to earnings follows from the product list. [8]
The available CRA record is dated
The public CRA file contains an FDIC evaluation dated September 19, 2023. It rated First State Satisfactory overall, for lending and for community development. Examiners reviewed its Ohio and Kentucky activities and found a majority of evaluated loans inside assessment areas. This assessment predates the 2024 branch changes and the June 2026 financial snapshot. It is evidence of the evaluated community-credit record, not a current safety-and-soundness rating. [4]
Sources
- FDIC BankFind identity; October 2, 2026 datasetOfficial sourceBack to text: ↑1↑2
- FDIC bank financials; June 30, 2026 and 2025; income is calendar year-to-dateOfficial sourceBack to text: ↑1↑2↑3↑4
- First State official history and footprintSourceBack to text: ↑1↑2↑3
- FDIC CRA evaluation, September19 2023; bank-hosted public fileSource · PDFBack to text: ↑1↑2
- First State agricultural loansSourceBack to text: ↑
- First State commercial real-estate lendingSourceBack to text: ↑
- First State Bancorp 2025 annual reportFiling / reportBack to text: ↑1↑2
- First State business treasury servicesSourceBack to text: ↑1↑2