First Bank (Sterling, KS)
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Data as of · sourced from FFIEC call reports. How we update
First Bank is an FDIC-insured commercial bank headquartered in Sterling, KS, established in 1907 (FDIC certificate 16473), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $162.4M, up 3.4% from Q2 2025, the 112th largest of 182 banks headquartered in Kansas. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.41% 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
- 16473
- Headquarters
- Sterling, KS
- Established
- 1907
- Total assets, Q2 2026
- $162.4M
- Assets vs Q2 2025
- +3.4%
- Tier 1 leverage ratio, Q2 2026
- 12.41%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 101102438
- Holding company
- CORONADO, INC.
- Asset rank in state
- 112th of 182 in Kansas
Problem loans are rising at First Bank. Its balance sheet stood at $162 million at June 30, 2026, up 3.4% from a year earlier; it is based in Sterling, Kansas. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 7.82% of loans from 0.26% a year earlier. It carries problem assets equal to 40.9% of the capital and reserves that would absorb them, 15.5 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 15.9% over the year, about triple the median of 5.5% for banks its size.
Loans are outrunning deposits: over the year loans rose 15.9% and deposits rose 2.8%. The commercial and industrial book ($18 million) is worsening: 9.85% of it is past due or on nonaccrual, up from 0.21% a year earlier. One more trend to watch: delinquency has appeared in its $17 million non-owner-occupied commercial real estate book: 26.23% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, First Bank reported a return on assets of 1.09%, a nonperforming-loan ratio of 7.82% and a Texas ratio of 40.89%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Bank is the 112th largest of the 182 banks headquartered in Kansas. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.8% to $162.4M, loans rose 7.9% and deposits rose 2.0%. 1-4 family residential loans made up 19.9% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 17.7%. Its 3 offices in the FDIC Summary of Deposits are in Sterling, KS, Lyons, KS and Chase, KS; its Sterling office books 77% of its branch deposits. On its Q2 2026 call report, First Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 128 S Broadway Ave, Sterling, KS 67579
- County
- Rice
- 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 10, Kansas City
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1907
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 23
- Domestic deposits
- $124.3M
- Allowance for credit losses
- $3.3M
- Net charge-offs (YTD)
- -$15K
- Average total assets
- $161.3M
- Average total loans
- $105.3M
- Average interest-bearing deposits
- $88.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 26, 1946
- FDIC Cert
- 16473
- Fed RSSD
- 49652
- SEC CIK
- 1365022 → filed by CORONADO, INC.
- Website
- www.First-Bank.net →
- Parent Holding Company
- CORONADO, INC. (RSSD 1055351)
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, First 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, First Bank's total assets ranged from $143.9M (Q4 2023) to $162.4M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$162.4M total assets against $157.1M; $143.6M total liabilities against $139.1M.
$112.3M net loans and leases against $97.8M; $124.3M total deposits against $120.9M.
$35.3M securities against $44.0M; $3.8M cash and balances due against $5.2M.
$2.2M total interest income against $2.2M; $697K total interest expense against $769K.
$1.5M net interest income against $1.5M.
$173K total noninterest income against $190K; $1.1M total noninterest expense against $1.1M.
$120K provision for credit losses against $50K.
$440K net income against $358K.
1.09% return on assets against 0.89%; 3.95% net interest margin against 3.86%.
12.41% tier 1 leverage ratio against 12.39%.
Inside the full First 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
First Bank rankings
Its closest position to the top of a national ranking is 27 of 3,640, for Texas Ratio; its furthest is 3,201 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.42% (Q4 2025) to 1.39% (Q3 2025) and its net interest margin ran from 3.73% (Q3 2024) to 4.17% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.41% | 1.09% | 7.82% | 40.89% | 3.95% |
| Q1 2026 | 12.58% | 1.01% | 5.86% | 28.98% | 4.01% |
| Q4 2025 | 12.65% | -0.42% | 5.58% | 28.57% | 3.83% |
| Q3 2025 | 12.82% | 1.39% | 0.24% | 3.88% | 4.17% |
| Q2 2025 | 12.39% | 0.89% | 0.26% | 4.26% | 3.86% |
| Q1 2025 | 12.58% | 0.92% | 0.25% | 3.85% | 3.89% |
| Q4 2024 | 12.80% | 1.36% | 0.33% | 4.15% | 3.83% |
| Q3 2024 | 12.52% | 0.92% | 0.24% | 3.69% | 3.73% |
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 |
|---|---|---|---|
| First Bank (main office) | Sterling , KS | 67579 | $95.5M |
| Coronado Branch | Lyons , KS | 67554 | $19.4M |
| Chase Branch | Chase , KS | 67524 | $9.5M |
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 |
|---|---|---|---|
| September 12, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 16, 1996 | Structure Change | Acquired Chase Financial Services, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 1, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 1996 | Structure Change | Acquired The Coronado Bank of Lyons Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 10, 1994 | Structure Change | Acquired The First National Bank of Sterling Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 9, 1994 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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
- 0.1% of deposits in KS, rank 140 of 231 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $96K approved, $96K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2008 (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 First Bank
What are First Bank's total assets?
As of the Q2 2026 filing, First Bank reported total assets of $162.4 million in its FFIEC call report.
Where is First Bank headquartered?
It is headquartered in Sterling, KS, United States.
When was First Bank founded?
It was established in 1907, per the FDIC institution directory.
Is First Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16473). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Bank?
First Bank's primary federal regulator is the FDIC.
How many branches does First 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 First Bank's Texas Ratio?
Its Texas Ratio is 40.89% 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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