Primebank
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Data as of · sourced from FFIEC call reports. How we update
Primebank is an FDIC-insured commercial bank headquartered in Le Mars, IA, established in 1901 (FDIC certificate 8101), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $800.6M, up 7.1% from Q2 2025, the 32nd largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 12.41% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8101
- Headquarters
- Le Mars, IA
- Established
- 1901
- Total assets, Q2 2026
- $800.6M
- Assets vs Q2 2025
- +7.1%
- CET1 ratio, Q2 2026
- 12.41%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073902313
- Latest call report
- Q2 2026, FFIEC 051 · Primebank call report
- Holding company
- PRIMEBANK, INC.
- Asset rank in state
- 32nd of 225 in Iowa
Primebank is one of the more profitable banks of its size. Based in Le Mars, Iowa, it had $801 million in assets at June 30, 2026, up 7.1% from a year earlier. It earns about $2.25 a year on every $100 of assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 42 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.86% of loans, down from 2.68% a year earlier. The commercial and industrial book ($83 million) is worsening: 5.15% of it is past due or on nonaccrual, up from 1.61% a year earlier. Credit is the area to watch: it carries problem assets equal to 15.0% of the capital and reserves that would absorb them, 5.7 times the median of 2.6% for banks its size.
As of June 30, 2026, Primebank reported a CET1 capital ratio of 12.41%, a return on assets of 2.25%, a nonperforming-loan ratio of 1.86% and a Texas ratio of 15.04%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Primebank is the 32nd largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 2.1% to $800.6M, loans rose 1.4% and deposits fell 0.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 22.8% of total loans, ahead of farmland and other real estate loans at 20.9%. Its 4 offices in the FDIC Summary of Deposits are in Le Mars, IA, Sioux City, IA and Sioux Center, IA; its Le Mars office books 55% of its branch deposits. On its Q2 2026 call report, Primebank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 37 1st Ave Nw, Le Mars, IA 51031
- County
- Plymouth
- Metro Area
- Le Mars, IA
- 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1901
- Former names
- Le Mars Bank and Trust Company (1991-2002)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 86
- Domestic deposits
- $692.5M
- Allowance for credit losses
- $7.2M
- Net charge-offs (YTD)
- $15K
- Average total assets
- $793.5M
- Average total loans
- $724.6M
- Average interest-bearing deposits
- $597.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8101
- Fed RSSD
- 671147
- Website
- www.primebank.bank →
- Parent Holding Company
- PRIMEBANK, INC. (RSSD 2700500)
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
Primebank's total assets moved between a low of $689.9M (Q3 2023) and a high of $800.6M (Q2 2026) 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
$800.6M total assets against $747.3M; $715.2M total liabilities against $671.5M.
$723.0M net loans and leases against $656.2M; $692.5M total deposits against $662.3M.
$47.3M securities against $47.4M; $9.9M cash and balances due against $24.5M.
$11.9M total interest income against $11.1M; $4.6M total interest expense against $5.1M.
$7.3M net interest income against $6.1M.
$999K total noninterest income against $847K; $3.5M total noninterest expense against $3.1M.
$150K provision for credit losses against $200K.
$4.5M net income against $3.5M.
2.25% return on assets against 1.88%; 3.76% net interest margin against 3.32%.
12.41% CET1 capital ratio against 12.13%; 10.99% tier 1 leverage ratio against 10.43%.
Inside the full Primebank 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Primebank rankings
Its closest position to the top of a national ranking is 273 of 3,611, for ROA; its furthest is 1,576 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.00% (Q4 2025) to 2.25% (Q2 2026) and its net interest margin ran from 2.42% (Q4 2025) to 3.79% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.41% | 2.25% | 1.86% | 15.04% | 3.76% |
| Q1 2026 | 12.22% | 2.04% | 1.96% | 16.16% | 3.57% |
| Q4 2025 | 12.04% | 1.00% | 1.82% | 14.98% | 2.42% |
| Q3 2025 | 12.44% | 2.22% | 1.89% | 15.09% | 3.79% |
| Q2 2025 | 12.13% | 1.88% | 2.68% | 21.84% | 3.32% |
| Q1 2025 | 11.83% | 1.52% | 1.12% | 9.52% | 3.10% |
| Q4 2024 | 11.52% | 1.37% | 0.90% | 8.60% | 2.88% |
| Q3 2024 | 11.49% | 1.44% | 1.17% | 10.93% | 2.86% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Primebank (main office) | Le Mars , IA | 51031 | $384.3M |
| Sioux City Branch | Sioux City , IA | 51106 | $120.3M |
| 2700 Hamilton Boulevard Branch | Sioux City , IA | 51104 | $109.8M |
| 1601 South Main Avenue Branch | Sioux Center , IA | 51250 | $78.1M |
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 |
|---|---|---|---|
| July 17, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 1983 | Structure Change | Acquired Farmers Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 2 against individuals associated with it
- Period: Most recent action May 30, 2007. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.5% of deposits in IA, rank 39 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 368 applications, 342 loans originated, $77.4M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $385K approved, $385K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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 Primebank
What are Primebank's total assets?
As of the Q2 2026 filing, Primebank reported total assets of $800.6 million in its FFIEC call report.
Where is Primebank headquartered?
It is headquartered in Le Mars, IA, United States.
When was Primebank founded?
It was established in 1901, per the FDIC institution directory.
Is Primebank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8101). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Primebank?
Primebank's primary federal regulator is the Federal Reserve.
What is Primebank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.41% in its Q2 2026 call report, above regulatory requirements.
How many branches does Primebank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Primebank's Texas Ratio?
Its Texas Ratio is 15.04% 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 Primebank previously called?
The charter now named Primebank has also operated as Le Mars Bank and Trust Company (1991-2002), per FDIC structure-change records.
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