First Security Bank and Trust Company (Charles City, IA)
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Data as of · sourced from FFIEC call reports. How we update
First Security Bank and Trust Company is an FDIC-insured commercial bank headquartered in Charles City, IA, established in 1903 (FDIC certificate 1852), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $538.2M, down 2.0% from Q2 2025, the 56th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 14.85% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1852
- Headquarters
- Charles City, IA
- Established
- 1903
- Total assets, Q2 2026
- $538.2M
- Assets vs Q2 2025
- -2.0%
- CET1 ratio, Q2 2026
- 14.85%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 073901592
- Latest call report
- Q2 2026, FFIEC 051 · First Security Bank and Trust Company call report
- Holding company
- CEDAR VALLEY BANKSHARES, LTD.
- Asset rank in state
- 56th of 225 in Iowa
First Security Bank and Trust Company, based in Charles City, Iowa, reported $538 million in assets at June 30, 2026, down 2.0% from a year earlier. It lost 4.0% of its deposits over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also spends about 80 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $888,000 was 32% below a year earlier. Problem loans have nearly doubled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.27% of loans, against 0.11% a year earlier. Profitability lags: it earns about $0.64 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, First Security Bank and Trust Company reported a CET1 capital ratio of 14.85%, a return on assets of 0.64%, a nonperforming-loan ratio of 0.27% and a Texas ratio of 1.84%. The figures come from its call report filed with the FFIEC.
First Security Bank and Trust Company ranks as the 56th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.1% to $538.2M, loans fell 1.7% and deposits fell 1.8%. 1-4 family residential loans made up 28.5% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 25.6%. Its 8 offices in the FDIC Summary of Deposits are in 7 cities in IA; its Charles City office books 35% of its branch deposits. Judged on its Q2 2026 call report, First Security Bank and Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 809 Clark St, Charles City, IA 50616
- County
- Floyd
- 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
- July 14, 1903
- Former names
- First Security Bank & Trust Company (1970-1971)
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 103
- Domestic deposits
- $469.0M
- Allowance for credit losses
- $4.3M
- Net charge-offs (YTD)
- $6K
- Average total assets
- $552.6M
- Average total loans
- $349.8M
- Average interest-bearing deposits
- $388.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1852
- Fed RSSD
- 894544
- Website
- www.1stsecurity.bank →
- Parent Holding Company
- CEDAR VALLEY BANKSHARES, LTD. (RSSD 1207815)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
First Security Bank and Trust Company's total assets moved between a low of $538.2M (Q2 2026) and a high of $580.5M (Q4 2023) from Q3 2023 to 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
$538.2M total assets against $549.3M; $482.2M total liabilities against $497.9M.
$343.0M net loans and leases against $348.0M; $469.0M total deposits against $488.7M.
$138.4M securities against $133.0M; $24.3M cash and balances due against $36.6M.
$6.2M total interest income against $6.2M; $1.6M total interest expense against $1.9M.
$4.6M net interest income against $4.3M.
$783K total noninterest income against $835K; $4.3M total noninterest expense against $4.4M.
$172K provision for credit losses against -$550K.
$888K net income against $1.3M.
0.64% return on assets against 0.93%; 3.59% net interest margin against 3.30%.
14.85% CET1 capital ratio against 13.63%; 10.03% tier 1 leverage ratio against 9.36%.
Inside the full First Security Bank and Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst Security Bank and Trust Company rankings
Its closest position to the top of a national ranking is 1,690 of 4,196, for total assets; its furthest is 3,229 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.07% (Q3 2024) to 0.93% (Q2 2025) and its net interest margin ran from 2.86% (Q3 2024) to 3.59% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.85% | 0.64% | 0.27% | 1.84% | 3.59% |
| Q1 2026 | 14.43% | 0.47% | 0.18% | 1.26% | 3.46% |
| Q4 2025 | 14.33% | 0.76% | 0.18% | 1.27% | 3.47% |
| Q3 2025 | 14.14% | 0.47% | 0.16% | 1.11% | 3.35% |
| Q2 2025 | 13.63% | 0.93% | 0.11% | 0.82% | 3.30% |
| Q1 2025 | 12.85% | 0.16% | 0.21% | 1.79% | 3.11% |
| Q4 2024 | 13.01% | 0.45% | 0.13% | 1.10% | 3.14% |
| Q3 2024 | 12.95% | 0.07% | 0.13% | 0.97% | 2.86% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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 Security Bank and Trust Company (main office) | Charles City , IA | 50616 | $163.8M |
| Old Hampton State Bank | Hampton , IA | 50441 | $82.7M |
| Rockford Branch | Rockford , IA | 50468 | $57.6M |
| Nora Springs Branch | Nora Springs , IA | 50458 | $53.4M |
| Riceville Branch | Riceville , IA | 50466 | $47.2M |
| Rockwell Branch | Rockwell , IA | 50469 | $37.2M |
| Manly Branch | Manly , IA | 50456 | $27.0M |
| Drive-In Branch | Hampton , IA | 50441 | $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 |
|---|---|---|---|
| December 7, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 5, 2015 | Structure Change | Acquired Hampton State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 7, 2009 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 7, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 21, 1988 | Structure Change | Acquired Aredale State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 20, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 5, 1987 | Structure Change | Acquired The First State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 4, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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
- 0.4% of deposits in IA, rank 58 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $466K approved, $466K 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, 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 Security Bank and Trust Company
What are First Security Bank and Trust Company's total assets?
As of the Q2 2026 filing, First Security Bank and Trust Company reported total assets of $538.2 million in its FFIEC call report.
Where is First Security Bank and Trust Company headquartered?
It is headquartered in Charles City, IA, United States.
When was First Security Bank and Trust Company founded?
It was established in 1903, per the FDIC institution directory.
Is First Security Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1852). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Security Bank and Trust Company?
First Security Bank and Trust Company's primary federal regulator is the FDIC.
What is First Security Bank and Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.85% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Security Bank and Trust Company operate?
It operates 8 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Security Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 1.84% 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.
What was First Security Bank and Trust Company previously called?
The charter now named First Security Bank and Trust Company has also operated as First Security Bank & Trust Company (1970-1971), per FDIC structure-change records.
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