Bank 1st
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Data as of · sourced from FFIEC call reports. How we update
Bank 1st is an FDIC-insured commercial bank headquartered in West Union, IA, established in 1934 (FDIC certificate 13816), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $166.1M, up 2.7% from Q2 2025, the 157th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.20% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 13816
- Headquarters
- West Union, IA
- Established
- 1934
- Total assets, Q2 2026
- $166.1M
- Assets vs Q2 2025
- +2.7%
- Tier 1 leverage ratio, Q2 2026
- 15.20%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073904560
- Holding company
- FNB BANSHARES, INC.
- Asset rank in state
- 157th of 225 in Iowa
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%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bank 1st is the 157th largest of the 225 banks headquartered in Iowa. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.6% to $166.1M, loans fell 1.3% and deposits fell 0.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 32.4% of total loans, ahead of agricultural production loans at 22.9%. The FDIC Summary of Deposits lists 3 offices for it, in West Union, IA and Saint Lucas, IA; its West Union 2 offices book 91% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bank 1st meets the community bank leverage ratio test for well capitalized.
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
- Domestic offices
- 3 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Bank 1st reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Bank 1st's total assets ranged from $159.3M (Q3 2025) to $169.3M (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$166.1M total assets against $161.6M; $148.7M total liabilities against $147.4M.
$95.5M net loans and leases against $91.7M; $128.6M total deposits against $138.4M.
$59.8M securities against $61.4M; $6.4M cash and balances due against $5.0M.
$1.9M total interest income against $1.8M; $498K total interest expense against $472K.
$1.4M net interest income against $1.3M.
$75K total noninterest income against $81K; $843K total noninterest expense against $831K.
No provision recorded in the last 12 quarters.
$578K net income against $514K.
1.42% return on assets against 1.22%; 3.46% net interest margin against 3.30%.
15.20% tier 1 leverage ratio against 15.60%.
Inside the full Bank 1st terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBank 1st rankings
Its closest position to the top of a national ranking is 1,352 of 3,606, for efficiency ratio; its furthest is 3,323 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.73% (Q3 2024) to 1.52% (Q4 2024) and its net interest margin ran from 2.81% (Q3 2024) to 3.46% (Q2 2026).
| 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
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- 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.
- 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.
- Not on file
- Mortgage lending (HMDA), CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Bank 1st headquartered?
It is headquartered in West Union, IA, United States.
When was Bank 1st founded?
It was established in 1934, per the FDIC institution directory.
Is Bank 1st FDIC-insured?
Yes. It 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.
How many branches does Bank 1st operate?
It 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?
Its Texas Ratio is 0.02% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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