Ipswich State Bank
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Data as of · sourced from FFIEC call reports. How we update
Ipswich State Bank is an FDIC-insured commercial bank headquartered in Ipswich, SD, established in 1938 (FDIC certificate 15593), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $74.2M, up 10.6% from Q2 2025, the 46th largest of 56 banks headquartered in South Dakota. Its CET1 capital ratio was 25.36% 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
- 15593
- Headquarters
- Ipswich, SD
- Established
- 1938
- Total assets, Q2 2026
- $74.2M
- Assets vs Q2 2025
- +10.6%
- CET1 ratio, Q2 2026
- 25.36%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091408792
- Holding company
- IPSWICH COMMUNITY BANCSHARES, INC.
- Asset rank in state
- 46th of 56 in South Dakota
Problem loans are rising at Ipswich State Bank. The Ipswich, South Dakota bank had $74 million in assets at June 30, 2026, up 10.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.31% of loans from 0.00% a year earlier. It spends about 45 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 69 cents). It also grew its loan book 20.1% over the year, 7.9 times the median of 2.6% for banks its size.
Net income for the quarter rose 24% from a year earlier, to $371,000. Over the same year, loans grew 20.1% and deposits grew 12.0%.
As of June 30, 2026, Ipswich State Bank reported a CET1 capital ratio of 25.36%, a return on assets of 2.06%, a nonperforming-loan ratio of 1.31% and a Texas ratio of 4.23%. The figures come from its call report filed with the FFIEC.
Ipswich State Bank ranks as the 46th largest of the 56 banks based in South Dakota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 4.7% to $74.2M, loans rose 16.2% and deposits rose 4.7%. Agricultural production loans made up 54.0% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 27.4%. The FDIC Summary of Deposits lists a single office for it, in Ipswich, SD. On its Q2 2026 call report, Ipswich State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 301 First Avenue, Ipswich, SD 57451
- County
- Edmunds
- Metro Area
- Aberdeen, SD
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 13, 1938
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $62.3M
- Allowance for credit losses
- $255K
- Net charge-offs (YTD)
- $0
- Average total assets
- $72.1M
- Average total loans
- $33.7M
- Average interest-bearing deposits
- $44.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 13, 1938
- FDIC Cert
- 15593
- Fed RSSD
- 532453
- Website
- www.isbipswich.com →
- Parent Holding Company
- IPSWICH COMMUNITY BANCSHARES, INC. (RSSD 4394060)
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, Ipswich State Bank's total assets ranged from $64.5M (Q3 2024) to $75.1M (Q4 2025), 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
$74.2M total assets against $67.2M; $63.1M total liabilities against $56.5M.
$36.5M net loans and leases against $30.3M; $62.3M total deposits against $55.7M.
$15.3M securities against $15.1M; $18.5M cash and balances due against $18.1M.
$904K total interest income against $803K; $213K total interest expense against $210K.
$691K net interest income against $593K.
$18K total noninterest income against $16K; $322K total noninterest expense against $297K.
No provision recorded in the last 12 quarters.
$371K net income against $298K.
2.06% return on assets against 1.71%; 4.06% net interest margin against 3.69%.
25.36% CET1 capital ratio against 29.27%; 15.46% tier 1 leverage ratio against 15.45%.
Inside the full Ipswich State Bank 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 1.34% (Q4 2024) to 2.06% (Q2 2026) and its net interest margin ran from 3.40% (Q3 2024) to 4.06% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 25.36% | 2.06% | 1.31% | 4.23% | 4.06% |
| Q1 2026 | 27.66% | 1.63% | 0.00% | 0.00% | 3.60% |
| Q4 2025 | 27.18% | 1.65% | 0.00% | 0.00% | 3.93% |
| Q3 2025 | 26.05% | 1.84% | 0.00% | 0.00% | 4.05% |
| Q2 2025 | 29.27% | 1.71% | 0.00% | 0.00% | 3.69% |
| Q1 2025 | 30.56% | 1.63% | 0.00% | 0.00% | 3.55% |
| Q4 2024 | 28.21% | 1.34% | 0.00% | 0.00% | 3.55% |
| Q3 2024 | 29.62% | 1.54% | 0.00% | 0.00% | 3.40% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 |
|---|---|---|---|
| Ipswich State Bank (main office) | Ipswich , SD | 57451 | $62.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in SD, rank 59 of 82 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 Ipswich State Bank
What are Ipswich State Bank's total assets?
As of the Q2 2026 filing, Ipswich State Bank reported total assets of $74.2 million in its FFIEC call report.
Where is Ipswich State Bank headquartered?
It is headquartered in Ipswich, SD, United States.
When was Ipswich State Bank founded?
It was established in 1938, per the FDIC institution directory.
Is Ipswich State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15593). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Ipswich State Bank?
Ipswich State Bank's primary federal regulator is the FDIC.
What is Ipswich State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 25.36% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Ipswich State Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Ipswich State Bank's Texas Ratio?
Its Texas Ratio is 4.23% 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.
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