First Iowa State Bank
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Data as of · sourced from FFIEC call reports. How we update
First Iowa State Bank is an FDIC-insured commercial bank headquartered in Albia, IA, established in 1930 (FDIC certificate 14930), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $396.1M, up 7.2% from Q2 2025, the 82nd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.20% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 14930
- Headquarters
- Albia, IA
- Established
- 1930
- Total assets, Q2 2026
- $396.1M
- Assets vs Q2 2025
- +7.2%
- Tier 1 leverage ratio, Q2 2026
- 10.20%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 073901903
- Holding company
- VAN BUREN BANCORPORATION
- Asset rank in state
- 82nd of 225 in Iowa
First Iowa State Bank is one of the more profitable banks of its size. The Albia, Iowa bank had $396 million in assets at June 30, 2026, up 7.2% from a year earlier. It earns about $2.28 a year on every $100 of assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also keeps 4.87 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents). Much of that comes from cost control: it spends about 44 cents to bring in each dollar of revenue.
Earnings jumped: net income for the quarter was $2.3 million, 65% above the same quarter a year earlier. Its $30 million commercial and industrial book is improving, with 1.73% past due or on nonaccrual, down from 2.90% a year earlier. Credit is the area to watch: it carries problem assets equal to 16.0% of the capital and reserves that would absorb them, 6.1 times the median of 2.6% for banks its size.
As of June 30, 2026, First Iowa State Bank reported a return on assets of 2.28%, a nonperforming-loan ratio of 2.12% and a Texas ratio of 15.98%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, First Iowa State Bank is the 82nd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.0% to $396.1M, loans rose 0.6% and deposits fell 2.7%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 28.0% of total loans, followed by farmland and other real estate loans at 26.9%. Its 6 offices in the FDIC Summary of Deposits are in 5 cities in IA; its Albia 2 offices book 53% of its branch deposits. By the capital ratios in its Q2 2026 call report, First Iowa State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 19 Benton Ave E, Albia, IA 52531
- County
- Monroe
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- May 12, 1930
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 52
- Domestic deposits
- $359.0M
- Allowance for credit losses
- $5.1M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $396.2M
- Average total loans
- $288.4M
- Average interest-bearing deposits
- $312.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 15, 1934
- FDIC Cert
- 14930
- Fed RSSD
- 787842
- Website
- www.1stiowa.bank →
- Parent Holding Company
- VAN BUREN BANCORPORATION (RSSD 1204195)
- Ultimate Parent
- RSSD 2139708
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 Iowa 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, First Iowa State Bank's total assets ranged from $341.2M (Q3 2023) to $404.3M (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
$396.1M total assets against $369.4M; $361.7M total liabilities against $338.4M.
$288.0M net loans and leases against $265.1M; $359.0M total deposits against $331.0M.
$81.0M securities against $85.4M; $13.9M cash and balances due against $6.1M.
$5.9M total interest income against $5.5M; $1.2M total interest expense against $1.4M.
$4.7M net interest income against $4.1M.
$343K total noninterest income against $359K; $2.2M total noninterest expense against $2.2M.
$450K provision for credit losses against $255K.
$2.3M net income against $1.4M.
2.28% return on assets against 1.46%; 4.87% net interest margin against 4.46%.
10.20% tier 1 leverage ratio against 10.36%.
Inside the full First Iowa State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Iowa State Bank rankings
Its closest position to the top of a national ranking is 257 of 3,611, for ROA; its furthest is 2,064 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.46% (Q2 2025) to 2.28% (Q2 2026) and its net interest margin ran from 4.06% (Q3 2024) to 4.87% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.20% | 2.28% | 2.12% | 15.98% | 4.87% |
| Q1 2026 | 9.77% | 1.79% | 2.11% | 16.82% | 4.43% |
| Q4 2025 | 9.61% | 1.71% | 1.59% | 12.70% | 4.84% |
| Q3 2025 | 10.06% | 2.03% | 1.45% | 11.25% | 4.65% |
| Q2 2025 | 10.36% | 1.46% | 2.19% | 17.09% | 4.46% |
| Q1 2025 | 9.99% | 2.16% | 0.44% | 3.57% | 4.23% |
| Q4 2024 | 9.69% | 1.79% | 0.19% | 1.67% | 4.22% |
| Q3 2024 | 10.87% | 1.98% | 0.56% | 3.99% | 4.06% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 Iowa State Bank (main office) | Albia , IA | 52531 | $190.2M |
| Keosauqua Branch | Keosauqua , IA | 52565 | $96.6M |
| Bloomfield Branch | Bloomfield , IA | 52537 | $46.3M |
| Cantril Branch | Cantril , IA | 52542 | $15.9M |
| Eddyville Branch | Eddyville , IA | 52553 | $10.0M |
| Benton Avenue Drive-In Branch | Albia , IA | 52531 | $0 |
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 1, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2023 | Structure Change | Acquired First Iowa 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 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 2 against individuals associated with it
- June 1, 2015, Federal Reserve: Civil Money Penalty, $7,500: First Iowa State Bank, Keosauqua, Iowa
- Period: Most recent institution action June 1, 2015. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in IA, rank 82 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $151K approved, $151K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 Iowa State Bank
What are First Iowa State Bank's total assets?
As of the Q2 2026 filing, First Iowa State Bank reported total assets of $396.1 million in its FFIEC call report.
Where is First Iowa State Bank headquartered?
It is headquartered in Albia, IA, United States.
When was First Iowa State Bank founded?
It was established in 1930, per the FDIC institution directory.
Is First Iowa State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14930). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Iowa State Bank?
First Iowa State Bank's primary federal regulator is the Federal Reserve.
How many branches does First Iowa State Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Iowa State Bank's Texas Ratio?
Its Texas Ratio is 15.98% 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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