First State Bank (New London, WI)
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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 New London, WI, established in 1911 (FDIC certificate 15271), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $558.1M, up 6.7% from Q2 2025, the 59th largest of 153 banks headquartered in Wisconsin. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.80% 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
- 15271
- Headquarters
- New London, WI
- Established
- 1911
- Total assets, Q2 2026
- $558.1M
- Assets vs Q2 2025
- +6.7%
- Tier 1 leverage ratio, Q2 2026
- 9.80%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 075907497
- Holding company
- FIRST STATE BANCSHARES, INC.
- Asset rank in state
- 59th of 153 in Wisconsin
First State Bank leans heavily on commercial real estate. Its balance sheet stood at $558 million at June 30, 2026, up 6.7% from a year earlier; it is based in New London, Wisconsin. It holds commercial real estate loans worth 3.0 times its capital, 2.5 times the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 17.2% over the year, about triple the median of 5.5% for banks its size.
Net income for the quarter rose 10% from a year earlier, to $1.4 million. Over the same year, loans grew 17.2% and deposits grew 2.7%.
As of June 30, 2026, First State Bank reported a return on assets of 0.97%, a nonperforming-loan ratio of 0.12% and a Texas ratio of 0.89%. The figures come from its call report filed with the FFIEC.
Of the 153 banks headquartered in Wisconsin, First State Bank is the 59th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.8% to $558.1M, loans rose 2.5% and deposits fell 1.5%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 30.3% of total loans, followed by 1-4 family residential loans at 21.9%. Its 8 offices in the FDIC Summary of Deposits are in 8 cities in WI; its New London office books 36% 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
- 220 W Waupaca St, New London, WI 54961
- County
- Waupaca
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1911
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 94
- Domestic deposits
- $449.8M
- Allowance for credit losses
- $4.0M
- Net charge-offs (YTD)
- $38K
- Average total assets
- $561.9M
- Average total loans
- $398.9M
- Average interest-bearing deposits
- $360.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 15271
- Fed RSSD
- 801047
- Website
- www.bankfirststate.com →
- Parent Holding Company
- FIRST STATE BANCSHARES, INC. (RSSD 1975459)
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 $522.9M (Q3 2025) to $564.4M (Q4 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$558.1M total assets against $523.0M; $508.2M total liabilities against $478.6M.
$391.8M net loans and leases against $334.1M; $449.8M total deposits against $437.8M.
$120.7M securities against $136.4M; $9.5M cash and balances due against $15.8M.
$7.2M total interest income against $6.0M; $2.0M total interest expense against $1.8M.
$5.2M net interest income against $4.2M.
$632K total noninterest income against $568K; $4.1M total noninterest expense against $3.4M.
$75K provision for credit losses against $0.
$1.4M net income against $1.2M.
0.97% return on assets against 0.92%; 3.95% net interest margin against 3.54%.
9.80% tier 1 leverage ratio against 9.68%.
Inside the full First 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.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
First State Bank rankings
Its closest position to the top of a national ranking is 1,639 of 4,196, for total assets; its furthest is 2,735 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.02% (Q1 2025) to 0.97% (Q2 2026) and its net interest margin ran from 3.06% (Q1 2025) to 3.95% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.80% | 0.97% | 0.12% | 0.89% | 3.95% |
| Q1 2026 | 9.71% | 0.67% | 0.13% | 0.97% | 3.68% |
| Q4 2025 | 9.82% | 0.91% | 0.08% | 0.60% | 3.95% |
| Q3 2025 | 9.91% | 0.74% | 0.08% | 0.57% | 3.63% |
| Q2 2025 | 9.68% | 0.92% | 0.07% | 0.54% | 3.54% |
| Q1 2025 | 9.51% | 0.02% | 0.08% | 0.56% | 3.06% |
| Q4 2024 | 9.49% | 0.58% | 0.08% | 0.60% | 3.34% |
| Q3 2024 | 9.50% | 0.80% | 0.08% | 0.62% | 3.13% |
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) | New London , WI | 54961 | $163.4M |
| Clintonville Branch | Clintonville , WI | 54929 | $72.0M |
| Auburndale Branch | Auburndale , WI | 54412 | $53.8M |
| Marshfield Branch | Marshfield , WI | 54449 | $52.0M |
| Wisconsin Rapids Branch | Wisconsin Rapids , WI | 54495 | $33.4M |
| Manawa Branch | Manawa , WI | 54949 | $29.5M |
| First State Bank-Waupaca Branch | Waupaca , WI | 54981 | $27.8M |
| Stevens Point Branch | Stevens Point , WI | 54482 | $17.9M |
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 |
|---|---|---|---|
| February 22, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 22, 2020 | Structure Change | Acquired Pioneer Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 21, 2017 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 21, 2017 | Structure Change | Acquired Farmers and Merchants Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 1989 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1989 | Structure Change | Acquired Bank One, Clintonville, National Association 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
- 0.2% of deposits in WI, rank 67 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 218 applications, 169 loans originated, $30.4M originated, across 2 states
- Period: Calendar year 2021. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $5.4M approved, $1.8M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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
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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 $558.1 million in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in New London, WI, United States.
When was First State Bank founded?
It was established in 1911, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15271). 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 0.89% 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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