SBA lender profile
First State Bank
First State Bank appears in the public SBA loan data with 123 funded 7(a) loans totaling $124.2M, an average of $1.0M per loan, and an estimated 1,869 jobs supported. Its SBA lending concentrates in Texas and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 2.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
123
Total volume
$124.2M
Average loan size
$1.0M
Charge-off rate
2.4%
Share of funded loans charged off
Jobs supported (reported)
1,869
Programs
7(a)
Bank profile
via FDIC- Total assets
- $137M
- Headquarters
- Holly Springs, MS
- FDIC cert
- #10588
- Status
- Inactive
Where First State Bank lends
Top states by funded SBA volume.
What First State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 25 | $36.4M |
| Accommodation and Food Services | 35 | $27.6M |
| Health Care and Social Assistance | 7 | $14.4M |
| Wholesale Trade | 8 | $10.5M |
| Manufacturing | 5 | $6.8M |
| Construction | 6 | $5.6M |
First State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 18 | $21.4M |
| 2021 | 15 | $11.9M |
| 2022 | 31 | $21.7M |
| 2023 | 20 | $15.3M |
| 2024 | 19 | $22.4M |
| 2025 | 14 | $23.0M |
| 2026 | 6 | $8.6M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First State Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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