First State Bank of Olmsted
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Data as of · sourced from FFIEC call reports. How we update
First State Bank of Olmsted is an FDIC-insured commercial bank headquartered in Olmsted, IL, established in 1921 (FDIC certificate 10437), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $78.4M, up 0.8% from Q2 2025, the 277th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 19.91% 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
- 10437
- Headquarters
- Olmsted, IL
- Established
- 1921
- Total assets, Q2 2026
- $78.4M
- Assets vs Q2 2025
- +0.8%
- CET1 ratio, Q2 2026
- 19.91%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 081220508
- Latest call report
- Q2 2026, FFIEC 051 · First State Bank of Olmsted call report
- Holding company
- FSBO HOLDINGS INC
- Asset rank in state
- 277th of 319 in Illinois
Problem loans are rising at First State Bank of Olmsted. It reported $78 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.09% of loans from 0.68% a year earlier. It carries problem assets equal to 10.6% of the capital and reserves that would absorb them, 5.5 times the median of 1.9% for the 533 banks with less than $100 million in assets. It also grew its loan book 10.3% over the year, 4.0 times the median of 2.6% for banks its size.
The commercial and industrial book ($11 million) is worsening: 8.08% of it is past due or on nonaccrual, up from 2.88% a year earlier. Loans and deposits moved in opposite directions: over the year loans rose 10.3% and deposits fell 0.5%.
As of June 30, 2026, First State Bank of Olmsted reported a CET1 capital ratio of 19.91%, a return on assets of 1.22%, a nonperforming-loan ratio of 2.09% and a Texas ratio of 10.58%. The figures come from its call report filed with the FFIEC.
First State Bank of Olmsted ranks as the 277th largest of the 319 banks based in Illinois, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.2% to $78.4M, loans rose 1.7% and deposits rose 1.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 35.8% of total loans, ahead of commercial and industrial loans at 21.4%. The FDIC Summary of Deposits lists 2 offices for it, in Olmsted, IL and Mounds, IL; its Olmsted office books 75% of its branch deposits. Judged on its Q2 2026 call report, First State Bank of Olmsted meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 185 N Front Street, Olmsted, IL 62970
- County
- Pulaski
- 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 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 7, 1921
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $68.4M
- Allowance for credit losses
- $468K
- Net charge-offs (YTD)
- $6K
- Average total assets
- $77.4M
- Average total loans
- $51.0M
- Average interest-bearing deposits
- $54.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10437
- Fed RSSD
- 413347
- Website
- www.firststatebank-olmsted.com →
- Parent Holding Company
- FSBO HOLDINGS INC (RSSD 2705091)
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
From Q3 2023 to Q2 2026, First State Bank of Olmsted's total assets ranged from $68.1M (Q3 2023) to $78.4M (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
$78.4M total assets against $77.8M; $68.7M total liabilities against $69.0M.
$51.1M net loans and leases against $46.3M; $68.4M total deposits against $68.7M.
$20.4M securities against $23.4M; $5.4M cash and balances due against $6.4M.
$987K total interest income against $919K; $273K total interest expense against $266K.
$714K net interest income against $653K.
$61K total noninterest income against $51K; $450K total noninterest expense against $420K.
$3K provision for credit losses against $3K.
$236K net income against $218K.
1.22% return on assets against 1.16%; 3.82% net interest margin against 3.57%.
19.91% CET1 capital ratio; 12.57% tier 1 leverage ratio against 11.91%.
Inside the full First State Bank of Olmsted 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 0.75% (Q4 2024) to 1.33% (Q3 2025) and its net interest margin ran from 2.97% (Q3 2024) to 3.82% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.91% | 1.22% | 2.09% | 10.58% | 3.82% |
| Q1 2026 | — | 1.22% | 2.19% | 11.16% | 3.66% |
| Q4 2025 | — | 1.04% | 1.14% | 5.62% | 3.66% |
| Q3 2025 | — | 1.33% | 1.24% | 6.11% | 3.61% |
| Q2 2025 | — | 1.16% | 0.68% | 3.41% | 3.57% |
| Q1 2025 | 20.61% | 1.00% | 1.17% | 5.60% | 3.23% |
| Q4 2024 | 21.45% | 0.75% | 1.45% | 6.97% | 3.11% |
| Q3 2024 | 19.23% | 0.90% | 1.77% | 8.71% | 2.97% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 of Olmsted (main office) | Olmsted , IL | 62970 | $51.0M |
| Mounds Branch | Mounds , IL | 62964 | $17.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 326 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 of Olmsted
What are First State Bank of Olmsted's total assets?
As of the Q2 2026 filing, First State Bank of Olmsted reported total assets of $78.4 million in its FFIEC call report.
Where is First State Bank of Olmsted headquartered?
It is headquartered in Olmsted, IL, United States.
When was First State Bank of Olmsted founded?
It was established in 1921, per the FDIC institution directory.
Is First State Bank of Olmsted FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10437). 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 of Olmsted?
First State Bank of Olmsted's primary federal regulator is the FDIC.
What is First State Bank of Olmsted's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.91% 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 of Olmsted operate?
It operates 3 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 of Olmsted's Texas Ratio?
Its Texas Ratio is 10.58% 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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