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TRUST SOLUTION FEATURES
First State Trust Company (“FSTC”) provides a trust solution and the operational services required to support trust businesses. The main features of the services can be customized for each client relationship and are outlined below.
Custody Posting
  • Posting of custodial data to trust system
  • Daily custody to trust reconciliation
  • Maintenance of cross reference acct table
  • Dividend and income posting

Trust Accounting
  • Single-ledger or multi-ledger cash accounting
  • Daily accrual reporting
  • Tax lot accounting
  • Liability accounting

Client Reporting
  • Daily account information
  • Account interested parties information
  • E-statements
  • Printed and mailed statements
  • Tax and Compliance
    • Form 5500 compliant statements and worksheet
    • Schedule RC-T
    • 13(f) and 13(g) reports
    • Broker Commission schedule
    • Audit package
    • 5498 reporting
    • Grantor 1041 and K-1
  • Downloadable user-controlled custom reporting

Securities Processing
  • Security Movement and Control
  • Proxy Processing
  • Cash Sweep
  • Corporate Actions distribution and coordination of responses

Client Communications
  • Internet delivery
  • On-line report package builder
  • Consolidated accounts reporting
  • Multi-Purpose label program
Administration
  • Trust account set up
  • Trust account maintenance
  • Asset and code tables maintenance

Lockbox / Contribution Services
  • P.O. Box for client check deposits
  • Wire instructions for client wire deposits
  • Direct posting to trust system
  • Contribution categorization in trust system

Distribution Processing
  • Check processing
  • ACH transfers
  • Ad-hoc requests
  • Scheduled disbursements
  • Loan amortization schedule
  • Tax calculations and filings
  • Reconciliation of outstanding checks

Fee Processing
  • Multi-tiered breakpoint based fee structure on Market Value, Activity and Issues
  • Multiple supported fee periods
  • Linking accounts for calculations
  • Charging one account in relationship or proportionately
  • Ad-hoc fee postings as instructed by Client
  • Revenue analysis for charged and invoiced fees
  • Automatic fee invoices produced based on customized templates

Other Features
  • On-line Help Documentation
  • Unlimited on-line transaction history
  • Workgroup privilege driven user access
  • Account, transaction codes and asset tables maintenance