Fairfax State Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Fairfax State Savings Bank is an FDIC-insured commercial bank headquartered in Fairfax, IA, established in 1924 (FDIC certificate 8083), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $287.0M, up 6.1% from Q2 2025, the 108th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.46% 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
- 8083
- Headquarters
- Fairfax, IA
- Established
- 1924
- Total assets, Q2 2026
- $287.0M
- Assets vs Q2 2025
- +6.1%
- Tier 1 leverage ratio, Q2 2026
- 9.46%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073913195
- Latest call report
- Q2 2026, FFIEC 051 · Fairfax State Savings Bank call report
- Holding company
- VANDERBILT HOLDING COMPANY, INC.
- Asset rank in state
- 108th of 225 in Iowa
Fairfax State Savings Bank, based in Fairfax, Iowa, reported $287 million in assets at June 30, 2026, up 6.1% from a year earlier. It keeps 2.80 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 2.54% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $621,000, 71% above the same quarter a year earlier. Its $41 million commercial and industrial book is improving, with 0.71% past due or on nonaccrual, down from 3.67% a year earlier. Credit is the area to watch: it carries problem assets equal to 11.6% of the capital and reserves that would absorb them, 4.4 times the median of 2.6% for banks its size.
As of June 30, 2026, Fairfax State Savings Bank reported a return on assets of 0.83%, a nonperforming-loan ratio of 0.25% and a Texas ratio of 11.63%. The figures come from its call report filed with the FFIEC.
Fairfax State Savings Bank ranks as the 108th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.2% to $287.0M, loans rose 0.3% and deposits fell 6.5%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 25.7% of total loans, followed by 1-4 family residential loans at 22.1%. The FDIC Summary of Deposits lists 3 offices for it, in Fairfax, IA, Amana, IA and Cedar Rapids, IA; its Fairfax office books 82% of its branch deposits. On its Q2 2026 call report, Fairfax State Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 409 Vanderbilt St, Fairfax, IA 52228
- County
- Linn
- Metro Area
- Cedar Rapids, 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
- October 20, 1924
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $229.5M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- -$69K
- Average total assets
- $298.4M
- Average total loans
- $157.8M
- Average interest-bearing deposits
- $206.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8083
- Fed RSSD
- 682648
- Website
- www.thebankhere.com →
- Parent Holding Company
- VANDERBILT HOLDING COMPANY, INC. (RSSD 2524537)
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, Fairfax State Savings 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, Fairfax State Savings Bank's total assets ran between $243.6M (Q3 2023) and $287.6M (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
$287.0M total assets against $270.4M; $267.9M total liabilities against $255.0M.
$156.1M net loans and leases against $153.9M; $229.5M total deposits against $229.7M.
$114.1M securities against $91.9M; $3.4M cash and balances due against $10.9M.
$3.7M total interest income against $3.3M; $1.7M total interest expense against $1.7M.
$2.0M net interest income against $1.6M.
$169K total noninterest income against $81K; $1.3M total noninterest expense against $1.3M.
$149K provision for credit losses against $30K.
$621K net income against $364K.
0.83% return on assets against 0.52%; 2.80% net interest margin against 2.50%.
9.46% tier 1 leverage ratio against 9.58%.
Inside the full Fairfax State Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFairfax State Savings Bank rankings
Its closest position to the top of a national ranking is 502 of 3,640, for Texas Ratio; its furthest is 2,835 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.27% (Q3 2024) to 0.83% (Q2 2026) and its net interest margin ran from 1.95% (Q3 2024) to 2.80% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.46% | 0.83% | 0.25% | 11.63% | 2.80% |
| Q1 2026 | 9.53% | 0.58% | 0.22% | 12.33% | 2.42% |
| Q4 2025 | 9.57% | 0.64% | 0.18% | 11.38% | 2.49% |
| Q3 2025 | 9.71% | 0.66% | 0.33% | 15.33% | 2.49% |
| Q2 2025 | 9.58% | 0.52% | 0.01% | 15.21% | 2.50% |
| Q1 2025 | 9.56% | 0.42% | 0.00% | 17.80% | 2.44% |
| Q4 2024 | 9.56% | 0.53% | 0.10% | 19.76% | 2.31% |
| Q3 2024 | 9.18% | 0.27% | 0.12% | 16.85% | 1.95% |
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 |
|---|---|---|---|
| Fairfax State Savings Bank (main office) | Fairfax , IA | 52228 | $189.2M |
| Bankhaus | Amana , IA | 52203 | $23.7M |
| Kingston Branch | Cedar Rapids , IA | 52404 | $16.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 123 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 72 applications, 50 loans originated, $10.6M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $35K approved, $35K 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 Fairfax State Savings Bank
What are Fairfax State Savings Bank's total assets?
As of the Q2 2026 filing, Fairfax State Savings Bank reported total assets of $287.0 million in its FFIEC call report.
Where is Fairfax State Savings Bank headquartered?
It is headquartered in Fairfax, IA, United States.
When was Fairfax State Savings Bank founded?
It was established in 1924, per the FDIC institution directory.
Is Fairfax State Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8083). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Fairfax State Savings Bank?
Fairfax State Savings Bank's primary federal regulator is the FDIC.
How many branches does Fairfax State Savings 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 Fairfax State Savings Bank's Texas Ratio?
Its Texas Ratio is 11.63% 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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