First State Bank (Stuart, IA)
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Data as of · sourced from FFIEC call reports. How we update
First State Bank is an FDIC-insured commercial bank headquartered in Stuart, IA, established in 1934 (FDIC certificate 16177), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $129.7M, up 6.1% from Q2 2025, the 178th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 27.80% 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
- 16177
- Headquarters
- Stuart, IA
- Established
- 1934
- Total assets, Q2 2026
- $129.7M
- Assets vs Q2 2025
- +6.1%
- CET1 ratio, Q2 2026
- 27.80%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073921967
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank call report
- Asset rank in state
- 178th of 225 in Iowa
First State Bank carries far more capital than most banks of its size. Based in Stuart, Iowa, it had $130 million in assets at June 30, 2026, up 6.1% from a year earlier. It holds common equity equal to 27.80% of its risk-weighted assets, about double the median of 15.12% for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 10.4% over the year, lower than about 9 in 10 banks its size (median 5.5%).
Earnings fell sharply: quarterly net income of $379,000 was 42% below a year earlier. Over the same year, loans shrank 10.4% and deposits grew 6.0%.
As of June 30, 2026, First State Bank reported a CET1 capital ratio of 27.80%, a return on assets of 1.16%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.11%. The figures come from its call report filed with the FFIEC.
First State Bank ranks as the 178th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.5% to $129.7M, loans rose 5.3% and deposits fell 0.8%. 1-4 family residential loans made up 39.1% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 28.9%. Its 4 offices in the FDIC Summary of Deposits are in Stuart, IA, Redfield, IA and Dexter, IA; its Stuart 2 offices book 88% of its branch deposits. Judged on its Q2 2026 call report, First State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 215 N Division St, Stuart, IA 50250
- County
- Guthrie
- Metro Area
- Des Moines-West Des Moines, 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
- January 1, 1934
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $114.0M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- -$4K
- Average total assets
- $130.7M
- Average total loans
- $54.3M
- Average interest-bearing deposits
- $76.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 31, 1944
- FDIC Cert
- 16177
- Fed RSSD
- 190947
- Website
- www.stuartbank.com →
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 State Bank's total assets moved between a low of $119.0M (Q3 2024) and a high of $130.3M (Q1 2026) 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
$129.7M total assets against $122.2M; $114.1M total liabilities against $107.8M.
$54.1M net loans and leases against $60.8M; $114.0M total deposits against $107.5M.
$40.0M securities against $42.6M; $15.1M cash and balances due against $16.1M.
$1.6M total interest income against $1.6M; $353K total interest expense against $360K.
$1.2M net interest income against $1.2M.
$80K total noninterest income against $384K; $814K total noninterest expense against $747K.
$0 provision for credit losses against $0.
$379K net income against $649K.
1.16% return on assets against 2.09%; 3.74% net interest margin against 4.08%.
27.80% CET1 capital ratio against 24.09%; 11.95% tier 1 leverage ratio against 11.62%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFirst State Bank rankings
Its closest position to the top of a national ranking is 108 of 2,134, for CET1 ratio; its furthest is 3,221 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.55% (Q3 2025) to 2.09% (Q2 2025) and its net interest margin ran from 3.74% (Q2 2026) to 4.11% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 27.80% | 1.16% | 0.03% | 0.11% | 3.74% |
| Q1 2026 | 25.19% | 1.13% | 0.04% | 0.12% | 3.76% |
| Q4 2025 | 25.52% | 0.97% | 0.00% | 0.00% | 4.07% |
| Q3 2025 | 23.89% | 0.55% | 0.00% | 0.00% | 4.11% |
| Q2 2025 | 24.09% | 2.09% | 0.00% | 0.00% | 4.08% |
| Q1 2025 | 23.04% | 0.94% | 0.00% | 0.00% | 3.96% |
| Q4 2024 | 21.01% | 1.07% | 0.02% | 0.07% | 4.09% |
| Q3 2024 | 22.13% | 1.26% | 0.35% | 1.48% | 3.91% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 State Bank (main office) | Stuart , IA | 50250 | $99.8M |
| Redfield Branch | Redfield , IA | 50233 | $8.4M |
| Dexter Branch | Dexter , IA | 50070 | $5.8M |
| 623 South Division Branch | Stuart , IA | 50250 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 193 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (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 State Bank
What are First State Bank's total assets?
As of the Q2 2026 filing, First State Bank reported total assets of $129.7 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Stuart, IA, United States.
When was First State Bank founded?
It was established in 1934, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16177). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First State Bank?
First State Bank's primary federal regulator is the FDIC.
What is First State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 27.80% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First State Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First State Bank's Texas Ratio?
Its Texas Ratio is 0.11% 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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