Bank 1st: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Bank 1st, based in West Union, Iowa, reported $166 million in assets at June 30, 2026, up 2.7% from a year earlier. It lost 7.1% of its deposits over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Loans and deposits moved in opposite directions: over the year loans rose 4.0% and deposits fell 7.1%. Paper losses on its bond portfolio are shrinking: unrealized losses of $7.5 million equal 30% of Tier 1 capital, down from 43% a year earlier. Its margin is thin by comparison: it keeps 3.46 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Bank 1st reported a return on assets of 1.42%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.02%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 115 N Vine St, West Union, IA 52175
- County
- Fayette
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1934
- Offices
- 3 domestic
- Employees (FTE)
- 19
- Domestic deposits
- $128.6M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $163.3M
- Average total loans
- $96.7M
- Average interest-bearing deposits
- $105.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 31, 1934
- FDIC Cert
- 13816
- Fed RSSD
- 142049
- Website
- www.bank1stia.com →
- Parent Holding Company
- FNB BANSHARES, INC. (RSSD 1204092)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point. This bank files the community bank leverage ratio (CBLR), the simplified capital framework for qualifying community banks. It does not report CET1, Tier 1 or total risk-based ratios, so the Tier 1 leverage ratio is the capital measure that applies.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
No provision recorded in the last 12 quarters.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Bank 1st terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Bank 1st, freeBank 1st rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings. A community bank leverage ratio filer reports no CET1 ratio, so the first ratio column is the Tier 1 leverage ratio.
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.20% | 1.42% | 0.00% | 0.02% | 3.46% |
| Q1 2026 | 14.89% | 1.21% | 0.00% | 0.02% | 3.42% |
| Q4 2025 | 15.11% | 1.29% | 0.04% | 0.23% | 3.37% |
| Q3 2025 | 15.91% | 1.15% | 0.05% | 0.26% | 3.36% |
| Q2 2025 | 15.60% | 1.22% | 0.00% | 0.00% | 3.30% |
| Q1 2025 | 15.30% | 0.96% | 0.00% | 0.00% | 3.11% |
| Q4 2024 | 15.20% | 1.52% | 0.00% | 0.00% | 3.13% |
| Q3 2024 | 14.64% | 0.73% | 0.00% | 0.00% | 2.81% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 3 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank 1st (main office) | West Union , IA | 52175 | $117.5M |
| St. Lucas Branch | Saint Lucas , IA | 52166 | $11.1M |
| Drive-In Branch | West Union , IA | 52175 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| March 2, 1991 | Structure Change | Acquired Statesman Federal Savings Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
What the public regulatory sources show for Bank 1st, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (OCC)
- January 9, 2004, OCC: Formal Agreement: First National Bank of West Union, The
- Period: Most recent institution action January 9, 2004. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IA, rank 183 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $500K approved, $250K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 6 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2019-Q2 to 2024-Q3. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Bank 1st
What are Bank 1st's total assets?
As of the Q2 2026 filing, Bank 1st reported total assets of $166.1 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Bank 1st headquartered?
Bank 1st is headquartered in West Union, IA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Bank 1st founded?
Bank 1st was established in 1934, per the FDIC institution directory.
Is Bank 1st FDIC-insured?
Yes. Bank 1st is an FDIC-insured commercial bank (FDIC Certificate #13816). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank 1st?
Bank 1st's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
How many branches does Bank 1st operate?
Bank 1st operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank 1st's Texas Ratio?
Bank 1st's Texas Ratio is 0.02% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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