Community State Bank (Spencer, IA)
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Data as of · sourced from FFIEC call reports. How we update
Community State Bank is an FDIC-insured commercial bank headquartered in Spencer, IA, established in 1914 (FDIC certificate 230), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $345.8M, up 8.5% from Q2 2025, the 95th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.47% 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
- 230
- Headquarters
- Spencer, IA
- Established
- 1914
- Total assets, Q2 2026
- $345.8M
- Assets vs Q2 2025
- +8.5%
- Tier 1 leverage ratio, Q2 2026
- 10.47%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 073917887
- Latest call report
- Q2 2026, FFIEC 051 · Community State Bank call report
- Holding company
- COMMUNITY STATE BANCORPORATION
- Asset rank in state
- 95th of 225 in Iowa
Community State Bank, based in Spencer, Iowa, reported $346 million in assets at June 30, 2026, up 8.5% from a year earlier. It holds commercial real estate loans equal to only 13% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also returns 20.3% a year on shareholders' equity, higher than about three-quarters of banks its size (median 12.5%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $11 million equal 30% of Tier 1 capital, down from 47% a year earlier. Net income for the quarter rose 25% from a year earlier, to $1.4 million. Credit is the area to watch: it carries problem assets equal to 7.7% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Community State Bank reported a return on assets of 1.66%, a nonperforming-loan ratio of 1.24% and a Texas ratio of 7.69%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Community State Bank is the 95th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.3% to $345.8M, loans rose 0.3% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 24.7% of total loans, followed by owner-occupied commercial real estate loans at 23.8%. Its 7 offices in the FDIC Summary of Deposits are in 7 cities in IA; its Spencer office books 43% of its branch deposits. By the capital ratios in its Q2 2026 call report, Community State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1812 Highway Blvd, Spencer, IA 51301
- County
- Clay
- Metro Area
- Spencer, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1914
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 37
- Domestic deposits
- $295.5M
- Allowance for credit losses
- $2.2M
- Net charge-offs (YTD)
- -$19K
- Average total assets
- $344.9M
- Average total loans
- $154.9M
- Average interest-bearing deposits
- $236.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 230
- Fed RSSD
- 849348
- Website
- www.ecommunitybank.org →
- Parent Holding Company
- COMMUNITY STATE BANCORPORATION (RSSD 1131424)
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, Community State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Community State Bank's total assets ran between $318.7M (Q2 2025) and $345.8M (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
$345.8M total assets against $318.7M; $316.5M total liabilities against $296.0M.
$156.4M net loans and leases against $155.3M; $295.5M total deposits against $276.8M.
$165.2M securities against $144.2M; $10.6M cash and balances due against $6.5M.
$4.1M total interest income against $3.7M; $1.3M total interest expense against $1.2M.
$2.8M net interest income against $2.5M.
$264K total noninterest income against $240K; $1.5M total noninterest expense against $1.5M.
$0 provision for credit losses against $0.
$1.4M net income against $1.1M.
1.66% return on assets against 1.43%; 3.47% net interest margin against 3.34%.
10.47% tier 1 leverage ratio against 10.85%.
Inside the full Community State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCommunity State Bank rankings
Its closest position to the top of a national ranking is 526 of 3,606, for efficiency ratio; its furthest is 2,257 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.78% (Q4 2025) to 1.66% (Q2 2026) and its net interest margin ran from 3.03% (Q3 2024) to 3.47% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.47% | 1.66% | 1.24% | 7.69% | 3.47% |
| Q1 2026 | 10.33% | 1.18% | 0.98% | 7.84% | 3.25% |
| Q4 2025 | 10.38% | 0.78% | 0.35% | 6.56% | 3.39% |
| Q3 2025 | 11.02% | 1.51% | 0.85% | 5.86% | 3.42% |
| Q2 2025 | 10.85% | 1.43% | 0.76% | 8.09% | 3.34% |
| Q1 2025 | 10.59% | 1.37% | 0.24% | 5.82% | 3.28% |
| Q4 2024 | 10.33% | 1.15% | 0.27% | 6.39% | 3.26% |
| Q3 2024 | 10.39% | 1.00% | 2.54% | 11.79% | 3.03% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Community State Bank (main office) | Spencer , IA | 51301 | $127.6M |
| Laurens Branch | Laurens , IA | 50554 | $50.0M |
| Sioux Rapids Branch | Sioux Rapids , IA | 50585 | $37.5M |
| Webb Branch | Webb , IA | 51366 | $25.7M |
| Emmetsburg Branch | Emmetsburg , IA | 50536 | $24.3M |
| Albert City Branch | Albert City , IA | 50510 | $23.9M |
| Mallard Branch | Mallard , IA | 50562 | $6.5M |
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 |
|---|---|---|---|
| July 10, 2021 | Structure Change | Acquired Laurens State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 9, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 21, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 21, 2017 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 24, 1998 | Structure Change | Acquired The Citizens State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 23, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 25, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 23, 1994 | Structure Change | Acquired Citizens State 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 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 98 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $125K approved, $125K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (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 Community State Bank
What are Community State Bank's total assets?
As of the Q2 2026 filing, Community State Bank reported total assets of $345.8 million in its FFIEC call report.
Where is Community State Bank headquartered?
It is headquartered in Spencer, IA, United States.
When was Community State Bank founded?
It was established in 1914, per the FDIC institution directory.
Is Community State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #230). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Community State Bank?
Community State Bank's primary federal regulator is the FDIC.
How many branches does Community State Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Community State Bank's Texas Ratio?
Its Texas Ratio is 7.69% 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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