Bank
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Data as of · sourced from FFIEC call reports. How we update
Bank is an FDIC-insured commercial bank headquartered in Wapello, IA, established in 1931 (FDIC certificate 14291), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $217.4M, up 32.4% from Q2 2025, the 133rd largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 11.25% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 14291
- Headquarters
- Wapello, IA
- Established
- 1931
- Total assets, Q2 2026
- $217.4M
- Assets vs Q2 2025
- +32.4%
- CET1 ratio, Q2 2026
- 11.25%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 073906872
- Holding company
- MORNING SUN BANK CORP.
- Asset rank in state
- 133rd of 225 in Iowa
Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $217 million at June 30, 2026, up 32.4% from a year earlier; it is based in Wapello, Iowa. It holds common equity equal to 11.25% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also grew deposits 34.7% over the year, 8.6 times the median of 4.0% for banks its size.
Earnings jumped: net income for the quarter was $411,000, 97% above the same quarter a year earlier. Over the same year, loans grew 8.3% and deposits grew 34.7%. Its margin is thin by comparison: it keeps 3.35 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Bank reported a CET1 capital ratio of 11.25%, a return on assets of 0.77%, a nonperforming-loan ratio of 0.78% and a Texas ratio of 5.23%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Bank is the 133rd largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets rose 3.8% to $217.4M, loans rose 0.3% and deposits rose 4.6%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 37.4% of total loans, followed by 1-4 family residential loans at 21.2%. The FDIC Summary of Deposits lists 7 offices for it, in 7 cities in IA; its Oxford office books 28% of its branch deposits. Judged on its Q2 2026 call report, Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 409 Highway 61 S, Wapello, IA 52653
- County
- Louisa
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 051
- Established
- February 13, 1931
- Former names
- Iowa State Bank (1992-2015); Iowa National Bank (1984-1992)
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 34
- Domestic deposits
- $193.0M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $2K
- Average total assets
- $214.7M
- Average total loans
- $136.7M
- Average interest-bearing deposits
- $165.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 25, 1934
- FDIC Cert
- 14291
- Fed RSSD
- 952846
- Website
- www.bank.bank →
- Parent Holding Company
- MORNING SUN BANK CORP. (RSSD 1205156)
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, Bank's total assets ran between $125.8M (Q3 2023) and $217.4M (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
$217.4M total assets against $164.2M; $197.0M total liabilities against $147.8M.
$135.1M net loans and leases against $124.6M; $193.0M total deposits against $143.3M.
$185K securities against $182K; $65.5M cash and balances due against $29.1M.
$2.8M total interest income against $2.2M; $1.1M total interest expense against $1.0M.
$1.7M net interest income against $1.2M.
$388K total noninterest income against $278K; $1.6M total noninterest expense against $1.2M.
$61K provision for credit losses against $46K.
$411K net income against $209K.
0.77% return on assets against 0.51%; 3.35% net interest margin against 2.99%.
11.25% CET1 capital ratio; 8.68% tier 1 leverage ratio against 9.88%.
Inside the full Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeBank rankings
Its closest position to the top of a national ranking is 1,281 of 3,640, for Texas Ratio; its furthest is 1,902 of 2,134, for CET1 ratio.
Banks merged into Bank
- First Trust and Savings Bank, effective August 2, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.28% (Q3 2025) to 0.89% (Q3 2024) and its net interest margin ran from 2.99% (Q2 2025) to 3.70% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.25% | 0.77% | 0.78% | 5.23% | 3.35% |
| Q1 2026 | 10.36% | 0.57% | 0.92% | 6.25% | 3.51% |
| Q4 2025 | 10.06% | 0.61% | 1.01% | 6.91% | 3.70% |
| Q3 2025 | 11.65% | 0.28% | 0.96% | 6.40% | 3.29% |
| Q2 2025 | — | 0.51% | 0.91% | 6.23% | 2.99% |
| Q1 2025 | — | 0.55% | 0.95% | 6.62% | 3.41% |
| Q4 2024 | — | 0.64% | 1.17% | 8.26% | 3.56% |
| Q3 2024 | — | 0.89% | 1.16% | 8.23% | 3.59% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 |
|---|---|---|---|
| Oxford Branch | Oxford , IA | 52322 | $53.3M |
| Burlington Branch | Burlington , IA | 52601 | $49.9M |
| Bank (main office) | Wapello , IA | 52653 | $35.1M |
| West Des Moines Branch | West Des Moines , IA | 50266 | $27.7M |
| Morning Sun Branch | Morning Sun , IA | 52640 | $16.5M |
| Coralville Branch | Coralville , IA | 52241 | $5.8M |
| Mediapolis Branch | Mediapolis , IA | 52637 | $4.8M |
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 |
|---|---|---|---|
| August 2, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 2, 2025 | Structure Change | Acquired First Trust and Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 25, 1940 | Structure Change | Acquired Mount Union State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 138 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 218 applications, 133 loans originated, $28.3M originated, across 11 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $270K approved, $270K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Bank
What are Bank's total assets?
As of the Q2 2026 filing, Bank reported total assets of $217.4 million in its FFIEC call report.
Where is Bank headquartered?
It is headquartered in Wapello, IA, United States.
When was Bank founded?
It was established in 1931, per the FDIC institution directory.
Is Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14291). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank?
Bank's primary federal regulator is the Federal Reserve.
What is Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.25% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank's Texas Ratio?
Its Texas Ratio is 5.23% 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 Bank previously called?
The charter now named Bank has also operated as Iowa State Bank (1992-2015), Iowa National Bank (1984-1992), per FDIC structure-change records.
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