First State Bank (Mendota, IL)
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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 Mendota, IL, established in 1940 (FDIC certificate 15752), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.56B, down 0.1% from Q2 2025, the 42nd largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 14.42% 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
- 15752
- Headquarters
- Mendota, IL
- Established
- 1940
- Total assets, Q2 2026
- $1.56B
- Assets vs Q2 2025
- -0.1%
- CET1 ratio, Q2 2026
- 14.42%
- Domestic offices
- 20 FDIC institution directory, current count
- Routing number
- 071921532
- Holding company
- TRI-COUNTY FINANCIAL GROUP, INC.
- Asset rank in state
- 42nd of 319 in Illinois
First State Bank, based in Mendota, Illinois, reported $1.6 billion in assets at June 30, 2026. It shrank its loan book 1.0% over the year, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 5.9%).
Loans and deposits moved in opposite directions: over the year loans fell 1.0% and deposits rose 2.3%. The non-owner-occupied commercial real estate book ($164 million) is worsening: 1.06% of it is past due or on nonaccrual, up from 0.27% a year earlier. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.47% of loans from 0.29% a year earlier.
As of June 30, 2026, First State Bank reported a CET1 capital ratio of 14.42%, a return on assets of 1.11%, a nonperforming-loan ratio of 0.47% and a Texas ratio of 3.43%. The figures come from its call report filed with the FFIEC.
First State Bank ranks as the 42nd largest of the 319 banks based in Illinois, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.2% to $1.56B, loans fell 1.8% and deposits fell 0.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 31.7% of total loans, ahead of multifamily loans at 14.4%. Its 19 offices in the FDIC Summary of Deposits are in 18 cities in IL; its Mendota 2 offices book 30% 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
- 706 Washington St, Mendota, IL 61342
- County
- Lasalle
- Metro Area
- Ottawa, IL
- 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
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 6, 1940
- Domestic offices
- 20 FDIC institution directory, current count
- Employees (FTE)
- 279
- Domestic deposits
- $1.30B
- Allowance for credit losses
- $14.8M
- Net charge-offs (YTD)
- $7K
- Average total assets
- $1.57B
- Average total loans
- $1.30B
- Average interest-bearing deposits
- $1.12B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 6, 1940
- FDIC Cert
- 15752
- Fed RSSD
- 887340
- SEC CIK
- 1725262 → filed by TRI-COUNTY FINANCIAL GROUP, INC.
- Website
- WWW.FIRSTSTATEBANK.BIZ →
- Parent Holding Company
- TRI-COUNTY FINANCIAL GROUP, INC. (RSSD 1139345) · TYFG
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
Over the 12 quarters to Q2 2026, First State Bank's total assets ran between $1.52B (Q3 2023) and $1.59B (Q4 2025), 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
$1.56B total assets against $1.56B; $1.39B total liabilities against $1.40B.
$1.27B net loans and leases against $1.29B; $1.30B total deposits against $1.27B.
$147.6M securities against $148.2M; $60.9M cash and balances due against $47.4M.
$21.2M total interest income against $20.1M; $7.0M total interest expense against $7.8M.
$14.3M net interest income against $12.3M.
$4.4M total noninterest income against $4.7M; $11.6M total noninterest expense against $11.5M.
$1.1M provision for credit losses against -$113K.
$4.4M net income against $4.1M.
1.11% return on assets against 1.06%; 3.81% net interest margin against 3.38%.
14.42% CET1 capital ratio against 13.75%; 10.93% tier 1 leverage ratio against 10.34%.
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 are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
First State Bank rankings
Its closest position to the top of a national ranking is 713 of 4,196, for total assets; its furthest is 647 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.67% (Q4 2024) to 1.22% (Q1 2026) and its net interest margin ran from 3.02% (Q3 2024) to 3.81% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.42% | 1.11% | 0.47% | 3.43% | 3.81% |
| Q1 2026 | 14.05% | 1.22% | 0.55% | 4.19% | 3.69% |
| Q4 2025 | 13.75% | 1.04% | 0.43% | 3.36% | 3.56% |
| Q3 2025 | 13.65% | 1.04% | 0.54% | 4.26% | 3.47% |
| Q2 2025 | 13.75% | 1.06% | 0.29% | 2.38% | 3.38% |
| Q1 2025 | 13.81% | 0.72% | 0.40% | 3.36% | 3.24% |
| Q4 2024 | 13.39% | 0.67% | 0.33% | 3.26% | 3.06% |
| Q3 2024 | 13.55% | 0.83% | 0.40% | 3.42% | 3.02% |
Swipe the table sideways to see every column.
Branch Network
View all 19 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) | Mendota , IL | 61342 | $391.0M |
| Sycamore Branch | Sycamore , IL | 60178 | $158.2M |
| Ottawa Branch | Ottawa , IL | 61350 | $104.1M |
| Bloomington Branch | Bloomington , IL | 61704 | $104.0M |
| Rochelle Branch | Rochelle , IL | 61068 | $68.3M |
| Princeton Branch | Princeton , IL | 61356 | $66.7M |
| Peru Branch | Peru , IL | 61354 | $64.4M |
| St. Charles West Branch | Saint Charles , IL | 60175 | $60.2M |
| Streator Branch | Streator , IL | 61364 | $53.2M |
| Mcnabb Branch | Mcnabb , IL | 61335 | $50.8M |
| West Brooklyn Branck Branch | West Brooklyn , IL | 61378 | $38.3M |
| North Aurora Office | North Aurora , IL | 60542 | $31.9M |
| Shabbona Branch | Shabbona , IL | 60550 | $29.1M |
| La Moille Facility | La Moille , IL | 61330 | $20.8M |
| Geneva Branch | Geneva , IL | 60134 | $20.7M |
| Batavia Branch | Batavia , IL | 60510 | $16.6M |
| Waterman Branch | Waterman , IL | 60556 | $14.8M |
| Champaign Branch | Champaign , IL | 61822 | $5.3M |
| Mendota Plaza Branch | Mendota , IL | 61342 | $0 |
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 |
|---|---|---|---|
| March 21, 2020 | Structure Change | Acquired H. F. Gehant Banking Co. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 20, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 22, 2013 | Structure Change | Acquired Lincoln State Bank, S.B. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 21, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 9, 2012 | Structure Change | Acquired Farmers & Traders State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| June 8, 2012 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 26, 2011 | Structure Change | Acquired Valley Community Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| February 25, 2011 | Merger | Participated in FDIC Assisted Merger | FDIC |
| November 20, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 20, 1998 | Structure Change | Acquired Farmers State Bank of McNabb 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 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IL, rank 61 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 467 applications, 393 loans originated, $120.1M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $4.5M approved, $4.5M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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 $1.56 billion in its FFIEC call report.
Where is First State Bank headquartered?
It is headquartered in Mendota, IL, United States.
When was First State Bank founded?
It was established in 1940, per the FDIC institution directory.
Is First State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15752). 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 14.42% 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 20 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 3.43% 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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