First State Bank (Lynnville, IA)
BankRegReports is independent of First State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
First State Bank is an FDIC-insured commercial bank headquartered in Lynnville, IA, established in 1912 (FDIC certificate 5821), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $384.2M, up 4.8% from Q2 2025, the 84th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.77% 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
- 5821
- Headquarters
- Lynnville, IA
- Established
- 1912
- Total assets, Q2 2026
- $384.2M
- Assets vs Q2 2025
- +4.8%
- Tier 1 leverage ratio, Q2 2026
- 9.77%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 073914411
- Holding company
- FIRST STATE BANK HOLDING COMPANY
- Asset rank in state
- 84th of 225 in Iowa
First State Bank runs leaner than most banks of its size. Its balance sheet stood at $384 million at June 30, 2026, up 4.8% from a year earlier; it is based in Lynnville, Iowa. It spends about 43 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also earns about $2.21 a year on every $100 of assets, higher than about three-quarters of banks its size (median $1.28).
Net income for the quarter rose 29% from a year earlier, to $2.1 million. Over the same year, loans grew 15.6% and deposits grew 5.6%.
As of June 30, 2026, First State Bank reported a return on assets of 2.21%, a nonperforming-loan ratio of 0.21% and a Texas ratio of 1.54%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, First State Bank is the 84th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.5% to $384.2M, loans rose 4.7% and deposits fell 1.3%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 38.2% of total loans, followed by 1-4 family residential loans at 27.0%. The FDIC Summary of Deposits lists 7 offices for it, in 7 cities in IA; its Lynnville office books 30% of its branch deposits. On its Q2 2026 call report, First State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 413 East St, Lynnville, IA 50153
- County
- Jasper
- 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
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1912
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 45
- Domestic deposits
- $308.1M
- Allowance for credit losses
- $3.1M
- Net charge-offs (YTD)
- $13K
- Average total assets
- $389.0M
- Average total loans
- $293.9M
- Average interest-bearing deposits
- $254.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5821
- Fed RSSD
- 677448
- Website
- www.fsbankia.com →
- Parent Holding Company
- FIRST STATE BANK HOLDING COMPANY (RSSD 1207114)
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 $322.4M (Q3 2023) to $390.1M (Q1 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
$384.2M total assets against $366.7M; $342.5M total liabilities against $329.0M.
$294.5M net loans and leases against $254.7M; $308.1M total deposits against $291.8M.
$69.6M securities against $83.6M; $3.8M cash and balances due against $13.0M.
$5.6M total interest income against $4.9M; $1.7M total interest expense against $1.7M.
$3.9M net interest income against $3.2M.
$243K total noninterest income against $271K; $1.8M total noninterest expense against $1.7M.
$130K provision for credit losses against $0.
$2.1M net income against $1.7M.
2.21% return on assets against 1.82%; 4.19% net interest margin against 3.67%.
9.77% tier 1 leverage ratio against 9.44%.
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 311 of 3,611, for ROA; its furthest is 2,453 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.00% (Q3 2024) to 2.21% (Q2 2026) and its net interest margin ran from 2.95% (Q3 2024) to 4.19% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.77% | 2.21% | 0.21% | 1.54% | 4.19% |
| Q1 2026 | 9.46% | 1.99% | 0.15% | 1.10% | 4.04% |
| Q4 2025 | 9.79% | 1.82% | 0.15% | 1.06% | 4.05% |
| Q3 2025 | 9.78% | 1.90% | 0.26% | 1.81% | 3.82% |
| Q2 2025 | 9.44% | 1.82% | 0.28% | 2.01% | 3.67% |
| Q1 2025 | 9.10% | 1.61% | 0.22% | 1.68% | 3.53% |
| Q4 2024 | 8.71% | 1.85% | 0.12% | 0.92% | 3.47% |
| Q3 2024 | 9.26% | 1.00% | 0.88% | 6.85% | 2.95% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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) | Lynnville , IA | 50153 | $92.0M |
| Brooklyn Branch | Brooklyn , IA | 52211 | $67.8M |
| Montezuma Branch | Montezuma , IA | 50171 | $42.6M |
| Sully Branch | Sully , IA | 50251 | $34.0M |
| New Sharon Branch | New Sharon , IA | 50207 | $32.6M |
| Grinnell Branch | Grinnell , IA | 50112 | $27.8M |
| East Main Street Branch | Agency , IA | 52530 | $11.3M |
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 |
|---|---|---|---|
| July 12, 2014 | Structure Change | Acquired Patriot 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 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 92 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 185 applications, 184 loans originated, $22.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $405K approved, $202K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows First State Bank’s latest filed figures and updates each quarter.
Similar banks
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 $384.2 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Lynnville, IA, United States.
When was First State Bank founded?
It was established in 1912, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5821). 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 7 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 1.54% 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.
Go deeper on First State Bank.
Get an email when First State Bank files its next call report, and benchmark it against any peer you choose.
Unlock First State Bank, freeFree account