First State Bank (Nashua, 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 Nashua, IA, established in 2005 (FDIC certificate 57910), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $72.5M, up 7.7% from Q2 2025, the 207th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.71% 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
- 57910
- Headquarters
- Nashua, IA
- Established
- 2005
- Total assets, Q2 2026
- $72.5M
- Assets vs Q2 2025
- +7.7%
- Tier 1 leverage ratio, Q2 2026
- 10.71%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 073922885
- Holding company
- NASHUA BANCSHARES, INC.
- Asset rank in state
- 207th of 225 in Iowa
First State Bank runs leaner than most banks of its size. The Nashua, Iowa bank had $72 million in assets at June 30, 2026, up 7.7% from a year earlier. It spends about 42 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 69 cents). It also carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.4%).
Net income for the quarter rose 18% from a year earlier, to $312,000. Where it has less room is capital: it funds 10.71% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 13.06%).
As of June 30, 2026, First State Bank reported a return on assets of 1.70%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First State Bank is the 207th largest of the 225 banks headquartered in Iowa. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.3% to $72.5M, loans rose 0.9% and deposits rose 0.5%. 1-4 family residential loans made up 44.0% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 22.2%. The FDIC Summary of Deposits lists a single office for it, in Nashua, IA. By the capital ratios in its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 401 Main St, Nashua, IA 50658
- County
- Chickasaw
- 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 041
- Established
- February 21, 2005
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 9
- Domestic deposits
- $61.7M
- Allowance for credit losses
- $531K
- Net charge-offs (YTD)
- $0
- Average total assets
- $73.3M
- Average total loans
- $55.9M
- Average interest-bearing deposits
- $52.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 21, 2005
- FDIC Cert
- 57910
- Fed RSSD
- 3285246
- Website
- WWW.FSB-NASHUA.COM →
- Parent Holding Company
- NASHUA BANCSHARES, INC. (RSSD 3285237)
- Ultimate Parent
- READLYN BANCSHARES, INC. (RSSD 1139327)
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 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 State Bank's total assets ranged from $63.6M (Q3 2023) to $72.5M (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
$72.5M total assets against $67.3M; $64.7M total liabilities against $60.0M.
$55.2M net loans and leases against $50.7M; $61.7M total deposits against $56.9M.
$4.9M securities against $5.1M; $10.8M cash and balances due against $10.0M.
$1.0M total interest income against $955K; $343K total interest expense against $352K.
$689K net interest income against $603K.
$39K total noninterest income against $47K; $307K total noninterest expense against $299K.
$6K provision for credit losses against $0.
$312K net income against $264K.
1.70% return on assets against 1.56%; 3.87% net interest margin against 3.67%.
10.71% tier 1 leverage ratio against 10.97%.
Inside the full First State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.22% (Q3 2024) to 1.70% (Q2 2026) and its net interest margin ran from 3.16% (Q3 2024) to 3.92% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.71% | 1.70% | 0.00% | 0.00% | 3.87% |
| Q1 2026 | 10.85% | 1.51% | 0.00% | 0.00% | 3.88% |
| Q4 2025 | 11.22% | 1.54% | 0.00% | 0.00% | 3.92% |
| Q3 2025 | 11.48% | 1.61% | 0.00% | 0.00% | 3.82% |
| Q2 2025 | 10.97% | 1.56% | 0.00% | 0.00% | 3.67% |
| Q1 2025 | 10.66% | 1.30% | 0.00% | 0.00% | 3.28% |
| Q4 2024 | 10.32% | 1.29% | 0.00% | 0.00% | 3.21% |
| Q3 2024 | 10.63% | 1.22% | 0.00% | 0.00% | 3.16% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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) | Nashua , IA | 50658 | $61.7M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 233 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $290K approved, $290K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2006 (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 $72.5 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Nashua, IA, United States.
When was First State Bank founded?
It was established in 2005, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57910). 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.
How many branches does First State Bank operate?
It operates 1 domestic office, 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 0.00% 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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