First Security State Bank (Evansdale, IA)
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Data as of · sourced from FFIEC call reports. How we update
First Security State Bank is an FDIC-insured commercial bank headquartered in Evansdale, IA, established in 1962 (FDIC certificate 18508), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $87.3M, down 5.4% from Q2 2025, the 199th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.90% 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
- 18508
- Headquarters
- Evansdale, IA
- Established
- 1962
- Total assets, Q2 2026
- $87.3M
- Assets vs Q2 2025
- -5.4%
- Tier 1 leverage ratio, Q2 2026
- 14.90%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 073922377
- Holding company
- EVANS BANCSHARES, INC.
- Asset rank in state
- 199th of 225 in Iowa
First Security State Bank, based in Evansdale, Iowa, reported $87 million in assets at June 30, 2026, down 5.4% from a year earlier. It carries problem assets equal to 14.8% of the capital and reserves that would absorb them, 10.7 times the median of 1.4% for the 583 banks with less than $100 million in assets. It also lost 6.8% of its deposits over the year, lower than about 9 in 10 banks its size (median 2.5%).
Loans and deposits moved in opposite directions: over the year loans rose 7.8% and deposits fell 6.8%. Its $22 million commercial and industrial book is improving, with 7.73% past due or on nonaccrual, down from 8.80% a year earlier. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.11% of loans from 2.88% a year earlier.
As of June 30, 2026, First Security State Bank reported a return on assets of 1.05%, a nonperforming-loan ratio of 3.11% and a Texas ratio of 14.81%. The figures come from its call report filed with the FFIEC.
First Security State Bank ranks as the 199th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.3% to $87.3M, loans rose 4.0% and deposits rose 0.1%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 35.0% of total loans, followed by auto loans at 27.2%. The FDIC Summary of Deposits lists 2 offices for it, in Evansdale, IA and Cedar Falls, IA; its Evansdale office books 61% of its branch deposits. On its Q2 2026 call report, First Security State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 3600 Lafayette Rd, Evansdale, IA 50707
- County
- Black Hawk
- Metro Area
- Waterloo-Cedar Falls, 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
- April 23, 1962
- Former names
- Evansdale State Bank (1977-1984)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 17
- Domestic deposits
- $74.1M
- Allowance for credit losses
- $646K
- Net charge-offs (YTD)
- $10K
- Average total assets
- $87.8M
- Average total loans
- $60.5M
- Average interest-bearing deposits
- $61.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 23, 1962
- FDIC Cert
- 18508
- Fed RSSD
- 681043
- SEC CIK
- 1005110 → filed by EVANS BANCSHARES, INC.
- Website
- www.fssbonline.com →
- Parent Holding Company
- EVANS BANCSHARES, INC. (RSSD 1130726)
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 Security State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Security State Bank's total assets moved between a low of $87.0M (Q1 2026) and a high of $96.0M (Q3 2023) 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
$87.3M total assets against $92.4M; $74.9M total liabilities against $80.3M.
$61.6M net loans and leases against $57.1M; $74.1M total deposits against $79.5M.
$9.7M securities against $12.6M; $14.4M cash and balances due against $21.1M.
$1.2M total interest income against $1.2M; $355K total interest expense against $362K.
$821K net interest income against $822K.
$46K total noninterest income against $45K; $628K total noninterest expense against $603K.
-$1K provision for credit losses against $0.
$230K net income against $256K.
1.05% return on assets against 1.13%; 3.79% net interest margin against 3.66%.
14.90% tier 1 leverage ratio against 14.32%.
Inside the full First Security 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.
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 Security State Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.01% (Q3 2024) to 1.13% (Q2 2025) and its net interest margin ran from 3.21% (Q3 2024) to 3.79% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.90% | 1.05% | 3.11% | 14.81% | 3.79% |
| Q1 2026 | 14.66% | 1.00% | 3.09% | 14.43% | 3.59% |
| Q4 2025 | 14.31% | 0.75% | 2.89% | 13.87% | 3.76% |
| Q3 2025 | 14.60% | 0.61% | 3.03% | 13.59% | 3.54% |
| Q2 2025 | 14.32% | 1.13% | 2.88% | 13.09% | 3.66% |
| Q1 2025 | 13.76% | 0.84% | 2.85% | 13.70% | 3.31% |
| Q4 2024 | 12.96% | 0.86% | 3.19% | 15.90% | 3.21% |
| Q3 2024 | 13.66% | 0.01% | 3.15% | 16.01% | 3.21% |
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Branch Network
View all 2 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 State Bank (main office) | Evansdale , IA | 50707 | $45.0M |
| Cedar Falls Branch | Cedar Falls , IA | 50613 | $29.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 224 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $270K approved, $270K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (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 State Bank
What are First Security State Bank's total assets?
As of the Q2 2026 filing, First Security State Bank reported total assets of $87.3 million in its FFIEC call report.
Where is First Security State Bank headquartered?
It is headquartered in Evansdale, IA, United States.
When was First Security State Bank founded?
It was established in 1962, per the FDIC institution directory.
Is First Security State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18508). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Security State Bank?
First Security State Bank's primary federal regulator is the FDIC.
How many branches does First Security State Bank operate?
It operates 2 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 State Bank's Texas Ratio?
Its Texas Ratio is 14.81% 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 State Bank previously called?
The charter now named First Security State Bank has also operated as Evansdale State Bank (1977-1984), per FDIC structure-change records.
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