First State Bank (Webster City, 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 Webster City, IA, established in 1935 (FDIC certificate 15321), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $674.3M, up 10.8% from Q2 2025, the 40th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.40% 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
- 15321
- Headquarters
- Webster City, IA
- Established
- 1935
- Total assets, Q2 2026
- $674.3M
- Assets vs Q2 2025
- +10.8%
- Tier 1 leverage ratio, Q2 2026
- 12.40%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 073921718
- Holding company
- VAN DIEST INVESTMENT COMPANY
- Asset rank in state
- 40th of 225 in Iowa
First State Bank, based in Webster City, Iowa, reported $674 million in assets at June 30, 2026, up 10.8% from a year earlier. It grew deposits 11.7% over the year, about triple the median of 4.0% for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 3.27 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Earnings jumped: net income for the quarter was $2.2 million, 35% above the same quarter a year earlier. Over the same year, loans grew 4.6% and deposits grew 11.7%. Funding is the softer spot: it pays an average of 2.24% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, First State Bank reported a return on assets of 1.33%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 0.74%. The figures come from its call report filed with the FFIEC.
First State Bank ranks as the 40th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 7.1% to $674.3M, loans rose 2.1% and deposits rose 8.1%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 30.2% of total loans, ahead of agricultural production loans at 25.9%. The FDIC Summary of Deposits lists 8 offices for it, in 8 cities in IA; its Webster City office books 56% of its branch deposits. Judged on its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 505 2nd St, Webster City, IA 50595
- County
- Hamilton
- 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
- October 15, 1935
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 118
- Domestic deposits
- $572.2M
- Allowance for credit losses
- $5.3M
- Net charge-offs (YTD)
- $0
- Average total assets
- $659.7M
- Average total loans
- $489.6M
- Average interest-bearing deposits
- $433.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 16, 1935
- FDIC Cert
- 15321
- Fed RSSD
- 561145
- Website
- www.fsbwc.com →
- Parent Holding Company
- VAN DIEST INVESTMENT COMPANY (RSSD 1205026)
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 $575.3M (Q2 2024) to $674.3M (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
$674.3M total assets against $608.6M; $595.4M total liabilities against $536.6M.
$494.9M net loans and leases against $472.9M; $572.2M total deposits against $512.0M.
$71.3M securities against $64.7M; $74.9M cash and balances due against $37.2M.
$8.2M total interest income against $7.4M; $3.2M total interest expense against $3.1M.
$5.0M net interest income against $4.3M.
$2.2M total noninterest income against $2.0M; $4.4M total noninterest expense against $4.4M.
$0 provision for credit losses against $0.
$2.2M net income against $1.6M.
1.33% return on assets against 1.07%; 3.27% net interest margin against 3.05%.
12.40% tier 1 leverage ratio against 12.42%.
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 1,402 of 4,196, for total assets; its furthest is 2,832 of 3,640, for Texas Ratio.
Banks merged into First State Bank
- NorthStar Bank, effective September 19, 2026
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.87% (Q1 2025) to 2.15% (Q4 2025) and its net interest margin ran from 2.63% (Q3 2024) to 3.27% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.40% | 1.33% | 0.12% | 0.74% | 3.27% |
| Q1 2026 | 12.63% | 1.43% | 0.07% | 0.44% | 3.19% |
| Q4 2025 | 12.32% | 2.15% | 0.16% | 0.91% | 2.96% |
| Q3 2025 | 12.31% | 1.30% | 0.14% | 0.82% | 3.07% |
| Q2 2025 | 12.42% | 1.07% | 0.25% | 1.52% | 3.05% |
| Q1 2025 | 12.40% | 0.87% | 0.29% | 1.86% | 2.87% |
| Q4 2024 | 12.57% | 1.64% | 0.05% | 0.29% | 2.73% |
| Q3 2024 | 12.42% | 0.98% | 0.02% | 0.15% | 2.63% |
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 State Bank (main office) | Webster City , IA | 50595 | $317.8M |
| First State Bank (main office) | Fort Dodge , IA | 50501 | $64.3M |
| Humboldt Branch | Humboldt , IA | 50548 | $52.2M |
| Eagle Grove Branch | Eagle Grove , IA | 50533 | $44.1M |
| First State Bank (main office) | Clarion , IA | 50525 | $25.3M |
| Stanhope Branch | Stanhope , IA | 50246 | $24.4M |
| Lake View Permanent Branch | Lake View , IA | 51450 | $23.7M |
| Jewell Branch | Jewell , IA | 50130 | $20.3M |
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 |
|---|---|---|---|
| September 19, 2026 | Structure Change | Acquired NorthStar Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 18, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1997 | Structure Change | Acquired Farmers Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 2, 1987 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 2, 1987 | Structure Change | Acquired Farmers 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 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in IA, rank 47 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $74K approved, $74K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (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 $674.3 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Webster City, IA, United States.
When was First State Bank founded?
It was established in 1935, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15321). 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 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 State Bank's Texas Ratio?
Its Texas Ratio is 0.74% 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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