Maxwell State Bank
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Data as of · sourced from FFIEC call reports. How we update
Maxwell State Bank is an FDIC-insured commercial bank headquartered in Maxwell, IA, established in 1943 (FDIC certificate 15930), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $31.7M, up 19.6% from Q2 2025, the 223rd largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 22.06% 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
- 15930
- Headquarters
- Maxwell, IA
- Established
- 1943
- Total assets, Q2 2026
- $31.7M
- Assets vs Q2 2025
- +19.6%
- CET1 ratio, Q2 2026
- 22.06%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 073921938
- Holding company
- AGCOM HOLDINGS, INC.
- Asset rank in state
- 223rd of 225 in Iowa
Problem loans are rising at Maxwell State Bank. Its balance sheet stood at $32 million at June 30, 2026, up 19.6% from a year earlier; it is based in Maxwell, Iowa. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.03% of loans from 0.53% a year earlier. It is losing 48.9% a year on shareholders' equity, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 8.6%). It also grew its loan book 111.0% over the year, 43.3 times the median of 2.6% for banks its size.
It lost $478,000 in the quarter. Its $5.1 million commercial and industrial book is improving, with 0.24% past due or on nonaccrual, down from 3.74% a year earlier.
As of June 30, 2026, Maxwell State Bank reported a CET1 capital ratio of 22.06%, a return on assets of -6.54%, a nonperforming-loan ratio of 1.03% and a Texas ratio of 3.66%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Maxwell State Bank is the 223rd largest of the 225 banks headquartered in Iowa. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 13.1% to $31.7M, loans rose 14.7% and deposits rose 10.0%. Its loan book on June 30, 2026 was led by commercial and industrial loans, at 30.4% of total loans, followed by 1-4 family residential loans at 26.7%. Its one office in the FDIC Summary of Deposits is in Maxwell, IA. Judged on its Q2 2026 call report, Maxwell State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 122 Main St, Maxwell, IA 50161
- County
- Story
- Metro Area
- Ames, 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
- February 1, 1943
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 8
- Domestic deposits
- $27.0M
- Allowance for credit losses
- $206K
- Net charge-offs (YTD)
- $0
- Average total assets
- $29.2M
- Average total loans
- $15.1M
- Average interest-bearing deposits
- $20.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 1, 1943
- FDIC Cert
- 15930
- Fed RSSD
- 694146
- Website
- www.maxwellstate.com →
- Parent Holding Company
- AGCOM HOLDINGS, INC. (RSSD 5454345)
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, Maxwell State Bank's total assets ran between $23.6M (Q4 2024) and $31.7M (Q2 2026), and it posted no profit in any of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$31.7M total assets against $26.5M; $27.2M total liabilities against $23.8M.
$16.5M net loans and leases against $7.8M; $27.0M total deposits against $23.6M.
$6.6M securities against $9.3M; $7.9M cash and balances due against $8.9M.
$364K total interest income against $282K; $105K total interest expense against $96K.
$259K net interest income against $186K.
$9K total noninterest income against $5K; $552K total noninterest expense against $246K.
$47K provision for credit losses against $0.
-$478K net income against -$55K.
-6.54% return on assets against -0.84%; 3.74% net interest margin against 2.93%.
22.06% CET1 capital ratio against 18.16%; 15.45% tier 1 leverage ratio against 11.63%.
Inside the full Maxwell State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeMaxwell State Bank rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -32.75% (Q3 2024) to -0.84% (Q2 2025) and its net interest margin ran from 2.60% (Q1 2025) to 3.74% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.06% | -6.54% | 1.03% | 3.66% | 3.74% |
| Q1 2026 | 17.66% | -3.21% | 1.21% | 5.07% | 3.04% |
| Q4 2025 | 20.17% | -2.48% | 0.54% | 1.32% | 2.85% |
| Q3 2025 | 25.66% | -3.18% | 0.00% | 0.00% | 3.03% |
| Q2 2025 | 18.16% | -0.84% | 0.53% | 1.46% | 2.93% |
| Q1 2025 | 18.54% | -1.05% | 0.53% | 1.47% | 2.60% |
| Q4 2024 | 12.31% | -1.28% | 0.67% | 2.80% | 2.71% |
| Q3 2024 | 12.37% | -32.75% | 0.00% | 0.00% | 2.65% |
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 |
|---|---|---|---|
| Maxwell State Bank (main office) | Maxwell , IA | 50161 | $27.0M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, AGCOM HOLDINGS, INC., not the bank itself
- June 9, 2023, Federal Reserve: Written Agreement: AgCom Holdings, Inc., Maxwell, Iowa
- Period: Most recent institution action June 9, 2023. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IA, rank 254 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $190K approved, $95K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1992 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 Maxwell State Bank
What are Maxwell State Bank's total assets?
As of the Q2 2026 filing, Maxwell State Bank reported total assets of $31.7 million in its FFIEC call report.
Where is Maxwell State Bank headquartered?
It is headquartered in Maxwell, IA, United States.
When was Maxwell State Bank founded?
It was established in 1943, per the FDIC institution directory.
Is Maxwell State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15930). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Maxwell State Bank?
Maxwell State Bank's primary federal regulator is the FDIC.
What is Maxwell State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.06% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Maxwell 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 Maxwell State Bank's Texas Ratio?
Its Texas Ratio is 3.66% 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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