Central Bank (Storm Lake, IA): Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Central Bank operates with a thinner capital cushion than most banks of its size. It reported $2.3 billion in assets at June 30, 2026, up 5.5% from a year earlier. It holds common equity equal to 10.60% of its risk-weighted assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 13.52%).
Earnings jumped: net income for the quarter was $6.1 million, 44% above the same quarter a year earlier. The commercial and industrial book ($329 million) is worsening: 1.91% of it is past due or on nonaccrual, up from 0.31% a year earlier. One more trend to watch: problem loans have nearly tripled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.32% of loans, against 0.11% a year earlier.
As of June 30, 2026, Central Bank reported a CET1 capital ratio of 10.60%, a return on assets of 1.08%, a nonperforming-loan ratio of 0.32% and a Texas ratio of 2.64%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 600 Lake Ave, Storm Lake, IA 50588
- County
- Buena Vista
- Metro Area
- Storm Lake, IA
- 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, 1879
- Former names
- The Commercial Trust & Savings Bank (1978-2001)
- Offices
- 23 domestic
- Employees (FTE)
- 333
- Domestic deposits
- $1.87B
- Allowance for credit losses
- $19.9M
- Net charge-offs (YTD)
- $26K
- Average total assets
- $2.27B
- Average total loans
- $1.99B
- Average interest-bearing deposits
- $1.65B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 15555
- Fed RSSD
- 546544
- Website
- www.mycentral.bank →
- Parent Holding Company
- COMMERCIAL FINANCIAL CORP. (RSSD 1978674)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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.
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.
What the bank charged to earnings that quarter to build its allowance for expected losses.
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 Central Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Central Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Central Bank 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.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.60% | 1.08% | 0.32% | 2.64% | 3.63% |
| Q1 2026 | 10.51% | 0.84% | 0.35% | 2.83% | 3.47% |
| Q4 2025 | 10.56% | 0.86% | 0.06% | 0.52% | 3.46% |
| Q3 2025 | 10.54% | 0.94% | 0.07% | 0.57% | 3.33% |
| Q2 2025 | 10.46% | 0.79% | 0.11% | 0.88% | 3.19% |
| Q1 2025 | 9.62% | 0.57% | 0.06% | 0.57% | 2.88% |
| Q4 2024 | 9.57% | 0.44% | 0.04% | 0.39% | 2.83% |
| Q3 2024 | 9.59% | 0.56% | 0.03% | 0.51% | 2.78% |
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 23 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| 522 Fourth Street Branch | Sioux City , IA | 51101 | $343.6M |
| Central Bank (main office) | Storm Lake , IA | 50588 | $280.5M |
| North Career Avenue Branch | Sioux Falls , SD | 57108 | $214.5M |
| Spirit Lake Branch | Spirit Lake , IA | 51360 | $195.9M |
| 86th Street Branch | Urbandale , IA | 50322 | $146.2M |
| Cherokee Central Trust Branch | Cherokee , IA | 51012 | $113.8M |
| Brookings Branch | Brookings , SD | 57006 | $88.0M |
| Mills Civic Branch | West Des Moines , IA | 50265 | $85.0M |
| North Ankeny Branch | Ankeny , IA | 50023 | $66.9M |
| Dakota Dunes Branch | Dakota Dunes , SD | 57049 | $56.1M |
| Central Bank - Hamilton Branch | Sioux City , IA | 51104 | $48.7M |
| 4018 University Branch | Des Moines , IA | 50311 | $47.4M |
| Waukee Branch | Waukee , IA | 50263 | $44.4M |
| Central Bank - Morningside Branch | Sioux City , IA | 51106 | $43.7M |
| Sioux Falls South Minnesota Branch | Sioux Falls , SD | 57105 | $32.3M |
| Storm Lake Branch 2 - 811 N Lake Ave | Storm Lake , IA | 50588 | $32.2M |
| Sioux Falls - West 12th Branch | Sioux Falls , SD | 57104 | $20.8M |
| 3624 Sixth Avenue Branch | Des Moines , IA | 50313 | $14.1M |
| Drive-In Branch | Storm Lake , IA | 50588 | $0 |
| Okoboji Mortgage Lending Office | Okoboji , IA | 51355 | $0 |
| Sioux City Mortgage Lending Office Branch | Sioux City , IA | 51101 | $0 |
| Sioux Falls Lpo Branch | Sioux Falls , SD | 57108 | $0 |
| Sioux City Lpo-4th St Branch | Sioux City , IA | 51101 | $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 |
|---|---|---|---|
| January 1, 2015 | Structure Change | Acquired Lakes Bancorporation, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 28, 2013 | Structure Change | Acquired Liberty Bank, F.S.B. Sale of Assets for the acquired bank | FFIEC NIC |
| October 28, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 28, 2002 | Structure Change | Acquired Security State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 15, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 15, 2001 | Structure Change | Acquired Central Trust and Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
What the public regulatory sources show for Central Bank, 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
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.1% of deposits in IA, rank 18 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,621 applications, 1,301 loans originated, $380.2M originated, across 22 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $6.5M approved, $3.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. 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 Central Bank
What are Central Bank's total assets?
As of the Q2 2026 filing, Central Bank reported total assets of $2.29 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Central Bank headquartered?
Central Bank is headquartered in Storm Lake, IA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Central Bank founded?
Central Bank was established in 1879, per the FDIC institution directory.
Is Central Bank FDIC-insured?
Yes. Central Bank is an FDIC-insured commercial bank (FDIC Certificate #15555). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Central Bank?
Central Bank's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Central Bank's CET1 capital ratio?
Central Bank reported a Common Equity Tier 1 (CET1) capital ratio of 10.60% in its Q2 2026 call report, above regulatory requirements.
How many branches does Central Bank operate?
Central Bank operates 23 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Central Bank's Texas Ratio?
Central Bank's Texas Ratio is 2.64% 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.
What was Central Bank previously called?
The charter now named Central Bank has also operated as The Commercial Trust & Savings Bank (1978-2001), per FDIC structure-change records.
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