First Trust and Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
First Trust and Savings Bank is an FDIC-insured commercial bank headquartered in Wheatland, IA, established in 1905 (FDIC certificate 8752), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $320.6M, up 15.0% from Q2 2025, the 98th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.70% 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
- 8752
- Headquarters
- Wheatland, IA
- Established
- 1905
- Total assets, Q2 2026
- $320.6M
- Assets vs Q2 2025
- +15.0%
- Tier 1 leverage ratio, Q2 2026
- 10.70%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 073916545
- Latest call report
- Q2 2026, FFIEC 051 · First Trust and Savings Bank call report
- Holding company
- WHEATLAND BANCORPORATION
- Asset rank in state
- 98th of 225 in Iowa
Problem loans are rising at First Trust and Savings Bank. Based in Wheatland, Iowa, it had $321 million in assets at June 30, 2026, up 15.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 3.21% of loans from 2.39% a year earlier. It carries problem assets equal to 24.9% of the capital and reserves that would absorb them, 9.4 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also grew deposits 14.8% over the year, 3.7 times the median of 4.0% for banks its size.
The commercial and industrial book ($31 million) is worsening: 20.98% of it is past due or on nonaccrual, up from 5.83% a year earlier. Net income for the quarter rose 25% from a year earlier, to $1.2 million. Funding is the softer spot: it pays an average of 2.44% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, First Trust and Savings Bank reported a return on assets of 1.60%, a nonperforming-loan ratio of 3.21% and a Texas ratio of 24.93%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Trust and Savings Bank is the 98th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets rose 1.8% to $320.6M, loans rose 0.4% and deposits rose 3.7%. Agricultural production loans made up 34.2% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 22.4%. The FDIC Summary of Deposits lists 8 offices for it, in 8 cities in IA; its Wheatland office books 48% of its branch deposits. On its Q2 2026 call report, First Trust and Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 123 S Main St, Wheatland, IA 52777
- County
- Clinton
- Metro Area
- Clinton, 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 47
- Domestic deposits
- $271.6M
- Allowance for credit losses
- $3.4M
- Net charge-offs (YTD)
- $22K
- Average total assets
- $304.9M
- Average total loans
- $276.9M
- Average interest-bearing deposits
- $224.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8752
- Fed RSSD
- 640442
- Website
- www.firsttrust.bank →
- Parent Holding Company
- WHEATLAND BANCORPORATION (RSSD 1206014)
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 Trust and Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, First Trust and Savings Bank's total assets ran between $244.6M (Q3 2023) and $320.6M (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
$320.6M total assets against $278.9M; $288.4M total liabilities against $249.8M.
$273.7M net loans and leases against $248.2M; $271.6M total deposits against $236.6M.
$25.6M securities against $16.6M; $9.6M cash and balances due against $3.1M.
$4.7M total interest income against $4.3M; $1.7M total interest expense against $1.6M.
$3.0M net interest income against $2.7M.
$209K total noninterest income against $186K; $1.8M total noninterest expense against $1.7M.
$105K provision for credit losses against $160K.
$1.2M net income against $979K.
1.60% return on assets against 1.40%; 3.96% net interest margin against 4.02%.
10.70% tier 1 leverage ratio against 10.61%.
Inside the full First Trust and Savings 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Trust and Savings Bank rankings
Its closest position to the top of a national ranking is 102 of 3,640, for Texas Ratio; its furthest is 2,362 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.68% (Q4 2025) to 1.60% (Q2 2026) and its net interest margin ran from 3.78% (Q4 2024) to 4.15% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.70% | 1.60% | 3.21% | 24.93% | 3.96% |
| Q1 2026 | 10.49% | 1.53% | 2.55% | 20.17% | 4.04% |
| Q4 2025 | 10.52% | 0.68% | 2.36% | 18.34% | 4.02% |
| Q3 2025 | 10.64% | 1.43% | 1.84% | 14.46% | 4.15% |
| Q2 2025 | 10.61% | 1.40% | 2.39% | 18.59% | 4.02% |
| Q1 2025 | 10.55% | 1.22% | 1.92% | 15.39% | 3.79% |
| Q4 2024 | 10.53% | 1.12% | 1.46% | 11.76% | 3.78% |
| Q3 2024 | 10.44% | 1.37% | 1.66% | 13.35% | 3.87% |
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 Trust and Savings Bank (main office) | Wheatland , IA | 52777 | $130.4M |
| Grand Mound Branch | Grand Mound , IA | 52751 | $54.6M |
| Lost Nation Branch | Lost Nation , IA | 52254 | $21.9M |
| Eldridge Branch | Eldridge , IA | 52748 | $18.9M |
| Donahue Branch | Donahue , IA | 52746 | $18.8M |
| Dixon Branch | Dixon , IA | 52745 | $14.3M |
| First Trust and Savings Bank - Walcott Branch | Walcott , IA | 52773 | $10.0M |
| Calamus Branch | Calamus , IA | 52729 | $2.8M |
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 |
|---|---|---|---|
| January 3, 1961 | Structure Change | Acquired First Trust & Savings 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 106 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 45 applications, 45 loans originated, $5.5M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $50K approved, $50K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (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 Trust and Savings Bank
What are First Trust and Savings Bank's total assets?
As of the Q2 2026 filing, First Trust and Savings Bank reported total assets of $320.6 million in its FFIEC call report.
Where is First Trust and Savings Bank headquartered?
It is headquartered in Wheatland, IA, United States.
When was First Trust and Savings Bank founded?
It was established in 1905, per the FDIC institution directory.
Is First Trust and Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8752). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Trust and Savings Bank?
First Trust and Savings Bank's primary federal regulator is the FDIC.
How many branches does First Trust and Savings 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 Trust and Savings Bank's Texas Ratio?
Its Texas Ratio is 24.93% 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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