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First Bank and Trust of Memphis

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First Bank and Trust of Memphis Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Bank and Trust of Memphis provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 23, 2026

You can compare First Bank and Trust of Memphis rates to other rates in our database, including 12-month CD rates currently at 2.27%, 6-month CD rates at 3.28% and 3-month CD rates at 1.76%. Savings rates are at 0.25% and money market rates are at 0.10%. Mortgage rates on 30-year fixed loans are around 6.51%. All these rates can be compared to First Bank and Trust of Memphis rates. MonitorBankRates evaluates the financial stability of First Bank and Trust of Memphis with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 11.46%. Rates were last updated on 04/23/2026.

First Bank and Trust of Memphis money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Bank and Trust of Memphis? Share your experience about First Bank and Trust of Memphis by leaving a review below, or read customer reviews before you decide to use First Bank and Trust of Memphis.

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

11.46%

Excellent Higher than avg

First Bank and Trust of Memphis

501 W Main St
Memphis, TX 79245

https://www.firstmemphis.com

Current Rate Availability

We do not have First Bank and Trust of Memphis rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for First Bank and Trust of Memphis is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather First Bank and Trust of Memphis rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with First Bank and Trust of Memphis's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name First Bank and Trust of Memphis

FDIC Certificate # 3335

Address 501 W Main St, Memphis, TX 79245 · Hall

Website https://www.firstmemphis.com

Established 03/01/1898

FDIC Insurance Date 01/01/1934

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 94/100

5.0

Exceptional Out of 5.0 Stars

11.46%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.4550%

Return on Equity (ROE) 11.9800%

Non-Performing Loans (NPL) 0.71%

Total Assets $134,356,000

Total Deposits $109,491,000

Equity Capital $24,588,000

Net Income $2,167,000

Headquarters Memphis

Total Offices 3

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

There are no reviews for First Bank and Trust of Memphis yet. Feel free to create one below.

Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About First Bank and Trust of Memphis

Is First Bank and Trust of Memphis a safe place to deposit money?

Yes, First Bank and Trust of Memphis is considered a safe financial institution. With a Texas Ratio of 11.462593216262%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does First Bank and Trust of Memphis operate?

First Bank and Trust of Memphis currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, First Bank and Trust of Memphis does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Bank and Trust of Memphis provides members with tools to manage their accounts and build a solid financial history.

Does First Bank and Trust of Memphis offer online and mobile banking?

Most modern institutions like First Bank and Trust of Memphis provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstmemphis.com.