Central Bank (Storm Lake, IA)
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Data as of · sourced from FFIEC call reports. How we update
Central Bank is an FDIC-insured commercial bank headquartered in Storm Lake, IA, established in 1879 (FDIC certificate 15555), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $2.29B, up 5.5% from Q2 2025, the 12th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 10.60% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 15555
- Headquarters
- Storm Lake, IA
- Established
- 1879
- Total assets, Q2 2026
- $2.29B
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 10.60%
- Domestic offices
- 23 FDIC institution directory, current count
- Routing number
- 073903503
- Latest call report
- Q2 2026, FFIEC 051 · Central Bank call report
- Holding company
- COMMERCIAL FINANCIAL CORP.
- Asset rank in state
- 12th of 225 in Iowa
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%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Central Bank is the 12th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.9% to $2.29B, loans rose 1.2% and deposits fell 0.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 22.6% of total loans, followed by non-owner-occupied commercial real estate loans at 19.3%. Its 23 offices in the FDIC Summary of Deposits are in 13 cities across 2 states; its Sioux City 5 offices book 23% of its branch deposits. By the capital ratios in its Q2 2026 call report, Central Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 23 FDIC institution directory, current count
- 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
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. How we compute these figures
Quarterly trends
Central Bank's total assets moved between a low of $2.14B (Q4 2023) and a high of $2.29B (Q2 2026) from Q3 2023 to Q2 2026, 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
$2.29B total assets against $2.17B; $2.05B total liabilities against $1.95B.
$1.98B net loans and leases against $1.87B; $1.87B total deposits against $1.82B.
$153.2M securities against $134.9M; $42.7M cash and balances due against $59.2M.
$31.0M total interest income against $29.0M; $11.5M total interest expense against $12.5M.
$19.5M net interest income against $16.5M.
$4.8M total noninterest income against $4.4M; $16.1M total noninterest expense against $15.4M.
$275K provision for credit losses against $0.
$6.1M net income against $4.2M.
1.08% return on assets against 0.79%; 3.63% net interest margin against 3.19%.
10.60% CET1 capital ratio against 10.46%; 10.09% tier 1 leverage ratio against 10.00%.
Inside the full Central Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 535 of 4,196, for total assets; its furthest is 2,033 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.44% (Q4 2024) to 1.08% (Q2 2026) and its net interest margin ran from 2.78% (Q3 2024) to 3.63% (Q2 2026).
| 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
View all 23 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 |
|---|---|---|---|
| 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
Facts as filed or published, not a rating.
- 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).
- Not on file
- Enforcement actions, Consumer complaints, 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 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.
Where is Central Bank headquartered?
It is headquartered in Storm Lake, IA, United States.
When was Central Bank founded?
It was established in 1879, per the FDIC institution directory.
Is Central Bank FDIC-insured?
Yes. It 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.
What is Central Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 2.64% 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.
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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