Iowa State Bank (Algona, IA)
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Data as of · sourced from FFIEC call reports. How we update
Iowa State Bank is an FDIC-insured commercial bank headquartered in Algona, IA, established in 1928 (FDIC certificate 950), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $470.7M, up 1.2% from Q2 2025, the 70th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 15.83% 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
- 950
- Headquarters
- Algona, IA
- Established
- 1928
- Total assets, Q2 2026
- $470.7M
- Assets vs Q2 2025
- +1.2%
- CET1 ratio, Q2 2026
- 15.83%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073920939
- Latest call report
- Q2 2026, FFIEC 051 · Iowa State Bank call report
- Holding company
- MID-IOWA BANCSHARES CO.
- Asset rank in state
- 70th of 225 in Iowa
Iowa State Bank, based in Algona, Iowa, reported $471 million in assets at June 30, 2026, up 1.2% from a year earlier. It holds commercial real estate loans equal to only 30% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also grew deposits 11.6% over the year, about triple the median of 4.0% for banks its size.
Earnings jumped: net income for the quarter was $1.5 million, 47% above the same quarter a year earlier. Over the same year, loans grew 1.2% and deposits grew 11.6%. Its margin is thin by comparison: it keeps 3.23 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, Iowa State Bank reported a CET1 capital ratio of 15.83%, a return on assets of 1.24%, a nonperforming-loan ratio of 0.15% and a Texas ratio of 1.07%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Iowa State Bank is the 70th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.9% to $470.7M, loans rose 0.9% and deposits fell 1.5%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 38.0% of total loans, followed by owner-occupied commercial real estate loans at 22.9%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Algona 2 offices book 79% of its branch deposits. On its Q2 2026 call report, Iowa State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 5 E Call St, Algona, IA 50511
- County
- Kossuth
- 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, 1928
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 49
- Domestic deposits
- $378.9M
- Allowance for credit losses
- $4.1M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $486.0M
- Average total loans
- $304.2M
- Average interest-bearing deposits
- $332.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 950
- Fed RSSD
- 734248
- Website
- www.bankisb.com →
- Parent Holding Company
- MID-IOWA BANCSHARES CO. (RSSD 1207673)
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
Iowa State Bank's total assets moved between a low of $446.2M (Q3 2023) and a high of $482.3M (Q3 2024) from Q3 2023 to 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
$470.7M total assets against $465.2M; $427.9M total liabilities against $427.5M.
$300.0M net loans and leases against $296.4M; $378.9M total deposits against $339.6M.
$117.3M securities against $127.2M; $23.1M cash and balances due against $9.4M.
$6.0M total interest income against $5.9M; $2.4M total interest expense against $2.6M.
$3.7M net interest income against $3.3M.
$437K total noninterest income against $415K; $2.3M total noninterest expense against $2.4M.
$14K provision for credit losses against $129K.
$1.5M net income against $1.0M.
1.24% return on assets against 0.85%; 3.23% net interest margin against 3.01%.
15.83% CET1 capital ratio against 15.54%; 11.17% tier 1 leverage ratio against 10.94%.
Inside the full Iowa State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeIowa State Bank rankings
Its closest position to the top of a national ranking is 1,236 of 3,606, for efficiency ratio; its furthest is 2,646 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.59% (Q1 2025) to 1.24% (Q2 2026) and its net interest margin ran from 2.49% (Q3 2024) to 3.23% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.83% | 1.24% | 0.15% | 1.07% | 3.23% |
| Q1 2026 | 15.69% | 0.92% | 0.12% | 0.87% | 3.16% |
| Q4 2025 | 15.73% | 0.75% | 0.21% | 2.64% | 3.12% |
| Q3 2025 | 15.43% | 0.94% | 0.28% | 4.00% | 3.00% |
| Q2 2025 | 15.54% | 0.85% | 0.15% | 1.74% | 3.01% |
| Q1 2025 | 15.72% | 0.59% | 0.24% | 2.43% | 2.84% |
| Q4 2024 | 15.59% | 0.67% | 0.30% | 2.97% | 2.67% |
| Q3 2024 | 15.24% | 0.63% | 0.22% | 2.20% | 2.49% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Iowa State Bank (main office) | Algona , IA | 50511 | $299.9M |
| Iowa State Bank-Ruthven Branch | Ruthven , IA | 51358 | $45.4M |
| Wesley Branch | Wesley , IA | 50483 | $17.8M |
| Corwith State Branch | Corwith , IA | 50430 | $15.7M |
| Drive Up Facility Branch | Algona , IA | 50511 | $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 |
|---|---|---|---|
| August 30, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 30, 2003 | Structure Change | Acquired Corwith State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2001 | Structure Change | Acquired Ruthven State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 1, 1992 | Structure Change | Acquired Home Federal Savings and Loan Association, Federal Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| January 31, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 77 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $2.2M approved, $2.2M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2019 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Iowa State Bank
What are Iowa State Bank's total assets?
As of the Q2 2026 filing, Iowa State Bank reported total assets of $470.7 million in its FFIEC call report.
Where is Iowa State Bank headquartered?
It is headquartered in Algona, IA, United States.
When was Iowa State Bank founded?
It was established in 1928, per the FDIC institution directory.
Is Iowa State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #950). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Iowa State Bank?
Iowa State Bank's primary federal regulator is the FDIC.
What is Iowa State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.83% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Iowa State Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Iowa State Bank's Texas Ratio?
Its Texas Ratio is 1.07% 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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