Exchange State Bank (Ames, IA)
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Data as of · sourced from FFIEC call reports. How we update
Exchange State Bank is an FDIC-insured commercial bank headquartered in Ames, IA, established in 1902 (FDIC certificate 10132), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $146.0M, up 5.8% from Q2 2025, the 167th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.17% 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
- 10132
- Headquarters
- Ames, IA
- Established
- 1902
- Total assets, Q2 2026
- $146.0M
- Assets vs Q2 2025
- +5.8%
- Tier 1 leverage ratio, Q2 2026
- 11.17%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073909507
- Holding company
- MID AMERICA BANKS, INC.
- Asset rank in state
- 167th of 225 in Iowa
Problem loans are rising at Exchange State Bank. It reported $146 million in assets at June 30, 2026, up 5.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.00% of loans from 0.00% a year earlier. It spends about 43 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also earns about $1.91 a year on every $100 of assets, higher than about three-quarters of banks its size (median $1.28).
Deposits are coming in faster than loans: over the year loans rose 4.0% and deposits rose 7.0%.
As of June 30, 2026, Exchange State Bank reported a return on assets of 1.91%, a nonperforming-loan ratio of 1.00% and a Texas ratio of 7.33%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Exchange State Bank is the 167th largest of the 225 banks headquartered in Iowa. From Q1 2026 to Q2 2026, its total assets fell 0.3% to $146.0M, loans rose 0.6% and deposits fell 0.1%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 25.6% of total loans, followed by agricultural production loans at 19.2%. Its 3 offices in the FDIC Summary of Deposits are in Exira, IA, Ames, IA and Collins, IA; its Exira office books 42% of its branch deposits. By the capital ratios in its Q2 2026 call report, Exchange State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 823 Wheeler St, Ames, IA 50010
- County
- Story
- Metro Area
- Ames, 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, 1902
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 12
- Domestic deposits
- $117.5M
- Allowance for credit losses
- $1.0M
- Net charge-offs (YTD)
- $0
- Average total assets
- $147.5M
- Average total loans
- $122.7M
- Average interest-bearing deposits
- $95.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10132
- Fed RSSD
- 805045
- Website
- www.esb1.com →
- Parent Holding Company
- MID AMERICA BANKS, INC. (RSSD 1247905)
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, Exchange State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Exchange State Bank's total assets moved between a low of $129.9M (Q3 2023) and a high of $146.4M (Q1 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
$146.0M total assets against $137.9M; $130.4M total liabilities against $123.9M.
$121.5M net loans and leases against $117.1M; $117.5M total deposits against $109.8M.
$12.6M securities against $12.1M; $8.8M cash and balances due against $5.7M.
$1.9M total interest income against $1.8M; $605K total interest expense against $590K.
$1.3M net interest income against $1.3M.
$16K total noninterest income against $18K; $593K total noninterest expense against $575K.
$30K provision for credit losses against $0.
$705K net income against $679K.
1.91% return on assets against 1.93%; 3.77% net interest margin against 3.72%.
11.17% tier 1 leverage ratio against 10.91%.
Inside the full Exchange 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.
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.
Exchange State Bank rankings
Its closest position to the top of a national ranking is 331 of 3,606, for efficiency ratio; its furthest is 3,326 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.54% (Q4 2024) to 1.99% (Q1 2026) and its net interest margin ran from 3.37% (Q4 2024) to 3.82% (Q1 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.17% | 1.91% | 1.00% | 7.33% | 3.77% |
| Q1 2026 | 10.87% | 1.99% | 0.96% | 7.21% | 3.82% |
| Q4 2025 | 10.45% | 1.98% | 0.35% | 2.81% | 3.76% |
| Q3 2025 | 11.03% | 1.96% | 0.00% | 0.00% | 3.79% |
| Q2 2025 | 10.91% | 1.93% | 0.00% | 0.00% | 3.72% |
| Q1 2025 | 10.34% | 1.62% | 0.00% | 0.00% | 3.48% |
| Q4 2024 | 10.03% | 1.54% | 0.00% | 0.00% | 3.37% |
| Q3 2024 | 10.64% | 1.69% | 0.00% | 0.00% | 3.44% |
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 |
|---|---|---|---|
| Exira Exchange Branch | Exira , IA | 50076 | $49.9M |
| Exchange State Bank (main office) | Ames , IA | 50010 | $36.9M |
| Collins Branch | Collins , IA | 50055 | $30.6M |
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 2, 2002 | Structure Change | Acquired Exchange State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 1988 | Structure Change | Acquired The Mingo Trust & 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 188 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 56 applications, 54 loans originated, $7.4M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $341K approved, $170K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (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 Exchange State Bank
What are Exchange State Bank's total assets?
As of the Q2 2026 filing, Exchange State Bank reported total assets of $146.0 million in its FFIEC call report.
Where is Exchange State Bank headquartered?
It is headquartered in Ames, IA, United States.
When was Exchange State Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Exchange State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10132). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Exchange State Bank?
Exchange State Bank's primary federal regulator is the FDIC.
How many branches does Exchange State Bank 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 Exchange State Bank's Texas Ratio?
Its Texas Ratio is 7.33% 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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