Foundation One Bank
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Data as of · sourced from FFIEC call reports. How we update
Foundation One Bank is an FDIC-insured commercial bank headquartered in Waterloo, NE, established in 1905 (FDIC certificate 18761), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $182.2M, up 0.9% from Q2 2025, the 84th largest of 138 banks headquartered in Nebraska. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.83% 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
- 18761
- Headquarters
- Waterloo, NE
- Established
- 1905
- Total assets, Q2 2026
- $182.2M
- Assets vs Q2 2025
- +0.9%
- Tier 1 leverage ratio, Q2 2026
- 9.83%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 104907779
- Latest call report
- Q2 2026, FFIEC 051 · Foundation One Bank call report
- Holding company
- FIRST GOTHENBURG BANCSHARES, INC.
- Asset rank in state
- 84th of 138 in Nebraska
Foundation One Bank, based in Waterloo, Nebraska, reported $182 million in assets at June 30, 2026. It keeps 2.89 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 2.93% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $370,000, 161% above the same quarter a year earlier. Over the same year, loans shrank 11.9% and deposits grew 0.7%. Concentration is the risk to watch: it holds commercial real estate loans worth 2.4 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Foundation One Bank reported a return on assets of 0.76%, a nonperforming-loan ratio of 0.41% and a Texas ratio of 2.64%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Foundation One Bank is the 84th largest of the 138 banks headquartered in Nebraska. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 9.3% to $182.2M, loans fell 6.0% and deposits fell 10.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 30.1% of total loans, ahead of non-owner-occupied commercial real estate loans at 15.1%. The FDIC Summary of Deposits lists 3 offices for it, in Omaha, NE and Waterloo, NE; its Omaha 2 offices book 78% of its branch deposits. Judged on its Q2 2026 call report, Foundation One Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 23804 Cedar Dr, Waterloo, NE 68069
- County
- Douglas
- Metro Area
- Omaha, NE-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 10, Kansas City
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Former names
- Foundation First Bank (2009-2014); Western State Bank (1978-2009); Waterloo State Bank (1971-1978)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $155.5M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $0
- Average total assets
- $194.6M
- Average total loans
- $137.0M
- Average interest-bearing deposits
- $143.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 25, 1963
- FDIC Cert
- 18761
- Fed RSSD
- 102557
- SEC CIK
- 1790626 → filed by NEBRASKA BANKSHARES, INC.
- Website
- www.foundationonebank.com →
- Parent Holding Company
- FIRST GOTHENBURG BANCSHARES, INC. (RSSD 1057252)
- Ultimate Parent
- NEBRASKA BANKSHARES, INC. (RSSD 1054765)
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, Foundation One 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, Foundation One Bank's total assets ran between $171.7M (Q4 2023) and $200.9M (Q1 2026), 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
$182.2M total assets against $180.7M; $162.6M total liabilities against $161.9M.
$130.0M net loans and leases against $147.7M; $155.5M total deposits against $154.4M.
$28.1M securities against $22.9M; $17.4M cash and balances due against $3.0M.
$2.6M total interest income against $2.5M; $1.2M total interest expense against $1.2M.
$1.4M net interest income against $1.3M.
$42K total noninterest income against $68K; $930K total noninterest expense against $1.0M.
$0 provision for credit losses against $169K.
$370K net income against $142K.
0.76% return on assets against 0.31%; 2.89% net interest margin against 2.95%.
9.83% tier 1 leverage ratio against 10.12%.
Inside the full Foundation One 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.
Foundation One Bank rankings
Its closest position to the top of a national ranking is 1,986 of 3,640, for Texas Ratio; its furthest is 2,957 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.10% (Q4 2024) to 0.78% (Q1 2026) and its net interest margin ran from 2.46% (Q3 2024) to 3.18% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.83% | 0.76% | 0.41% | 2.64% | 2.89% |
| Q1 2026 | 10.39% | 0.78% | 0.00% | 0.00% | 3.03% |
| Q4 2025 | 10.30% | 0.36% | 0.00% | 0.00% | 3.18% |
| Q3 2025 | 10.23% | 0.64% | 0.24% | 1.23% | 3.04% |
| Q2 2025 | 10.12% | 0.31% | 0.24% | 1.25% | 2.95% |
| Q1 2025 | 10.15% | 0.44% | 0.07% | 0.00% | 2.85% |
| Q4 2024 | 10.05% | -0.10% | 0.08% | 0.00% | 2.50% |
| Q3 2024 | 10.01% | 0.23% | 0.75% | 4.78% | 2.46% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| North 156th Street Branch | Omaha , NE | 68116 | $101.1M |
| Foundation One Bank (main office) | Waterloo , NE | 68069 | $34.8M |
| Lakeside Branch | Omaha , NE | 68130 | $19.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in NE, rank 90 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 54 applications, 52 loans originated, $16.8M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $650K approved, $650K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (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 Foundation One Bank
What are Foundation One Bank's total assets?
As of the Q2 2026 filing, Foundation One Bank reported total assets of $182.2 million in its FFIEC call report.
Where is Foundation One Bank headquartered?
It is headquartered in Waterloo, NE, United States.
When was Foundation One Bank founded?
It was established in 1905, per the FDIC institution directory.
Is Foundation One Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18761). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Foundation One Bank?
Foundation One Bank's primary federal regulator is the FDIC.
How many branches does Foundation One Bank 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 Foundation One Bank's Texas Ratio?
Its Texas Ratio is 2.64% 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.
What was Foundation One Bank previously called?
The charter now named Foundation One Bank has also operated as Foundation First Bank (2009-2014), Western State Bank (1978-2009), Waterloo State Bank (1971-1978), per FDIC structure-change records.
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