City State Bank
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Data as of · sourced from FFIEC call reports. How we update
City State Bank is an FDIC-insured commercial bank headquartered in Norwalk, IA, established in 1895 (FDIC certificate 14410), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $787.9M, up 5.0% from Q2 2025, the 34th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.37% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14410
- Headquarters
- Norwalk, IA
- Established
- 1895
- Total assets, Q2 2026
- $787.9M
- Assets vs Q2 2025
- +5.0%
- Tier 1 leverage ratio, Q2 2026
- 9.37%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 073911061
- Holding company
- ALBRECHT FINANCIAL SERVICES, INC.
- Asset rank in state
- 34th of 225 in Iowa
City State Bank, based in Norwalk, Iowa, reported $788 million in assets at June 30, 2026, up 5.0% from a year earlier. It keeps 3.26 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also funds 9.37% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
Net income for the quarter rose 14% from a year earlier, to $3.4 million. Funding is the softer spot: it pays an average of 2.36% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, City State Bank reported a return on assets of 1.69%, a nonperforming-loan ratio of 0.27% and a Texas ratio of 2.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, City State Bank is the 34th largest of the 225 banks headquartered in Iowa. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.5% to $787.9M, loans rose 2.9% and deposits fell 0.6%. 1-4 family residential loans made up 20.0% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 19.3%. Its 8 offices in the FDIC Summary of Deposits are in 7 cities in IA; its Norwalk 2 offices book 57% of its branch deposits. On its Q2 2026 call report, City State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 801 Main St, Norwalk, IA 50211
- County
- Warren
- Metro Area
- Des Moines-West Des Moines, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1895
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 100
- Domestic deposits
- $693.2M
- Allowance for credit losses
- $7.5M
- Net charge-offs (YTD)
- $78K
- Average total assets
- $803.6M
- Average total loans
- $591.1M
- Average interest-bearing deposits
- $578.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 25, 1934
- FDIC Cert
- 14410
- Fed RSSD
- 252041
- Website
- www.citystatebank.com →
- Parent Holding Company
- ALBRECHT FINANCIAL SERVICES, INC. (RSSD 2022725)
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, City State Bank 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, City State Bank's total assets ranged from $687.3M (Q3 2023) to $791.6M (Q1 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
$787.9M total assets against $750.6M; $713.2M total liabilities against $681.8M.
$592.6M net loans and leases against $564.6M; $693.2M total deposits against $661.4M.
$86.5M securities against $82.2M; $88.5M cash and balances due against $83.9M.
$10.7M total interest income against $9.9M; $4.3M total interest expense against $4.2M.
$6.4M net interest income against $5.6M.
$2.9M total noninterest income against $2.4M; $5.4M total noninterest expense against $4.8M.
$375K provision for credit losses against $125K.
$3.4M net income against $3.0M.
1.69% return on assets against 1.57%; 3.26% net interest margin against 3.05%.
9.37% tier 1 leverage ratio against 9.21%.
Inside the full City State 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.
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.
City State Bank rankings
Its closest position to the top of a national ranking is 923 of 3,611, for ROA; its furthest is 2,258 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.19% (Q3 2024) to 1.94% (Q1 2026) and its net interest margin ran from 2.71% (Q3 2024) to 3.26% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.37% | 1.69% | 0.27% | 2.00% | 3.26% |
| Q1 2026 | 9.60% | 1.94% | 0.36% | 2.60% | 3.07% |
| Q4 2025 | 9.39% | 1.56% | 0.34% | 2.52% | 3.17% |
| Q3 2025 | 9.59% | 1.53% | 0.37% | 2.82% | 3.26% |
| Q2 2025 | 9.21% | 1.57% | 0.23% | 1.77% | 3.05% |
| Q1 2025 | 8.98% | 1.40% | 0.14% | 1.07% | 2.81% |
| Q4 2024 | 8.84% | 1.33% | 0.14% | 1.13% | 2.93% |
| Q3 2024 | 8.94% | 1.19% | 0.04% | 0.31% | 2.71% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 |
|---|---|---|---|
| City State Bank (main office) | Norwalk , IA | 50211 | $253.6M |
| 1225 Colonial | Norwalk , IA | 50211 | $142.4M |
| Grimes Branch | Grimes , IA | 50111 | $105.1M |
| Madrid Branch | Madrid , IA | 50156 | $72.4M |
| Mount Ayr Branch | Mount Ayr , IA | 50854 | $46.9M |
| Indianola Branch | Indianola , IA | 50125 | $38.1M |
| New Virginia Branch | New Virginia , IA | 50210 | $23.4M |
| Martensdale Branch | Martensdale , IA | 50160 | $11.2M |
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 |
|---|---|---|---|
| May 22, 2000 | M&A | Acquired City State Bank merger for the acquired bank | SEC |
| May 22, 2000 | Structure Change | Acquired City State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 18, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.5% of deposits in IA, rank 38 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $665K approved, $222K 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, Mortgage lending (HMDA), 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 City State Bank
What are City State Bank's total assets?
As of the Q2 2026 filing, City State Bank reported total assets of $787.9 million in its FFIEC call report.
Where is City State Bank headquartered?
It is headquartered in Norwalk, IA, United States.
When was City State Bank founded?
It was established in 1895, per the FDIC institution directory.
Is City State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14410). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates City State Bank?
City State Bank's primary federal regulator is the FDIC.
How many branches does City State Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is City State Bank's Texas Ratio?
Its Texas Ratio is 2.00% 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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