Washington State Bank (Washington, IA)
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Data as of · sourced from FFIEC call reports. How we update
Washington State Bank is an FDIC-insured commercial bank headquartered in Washington, IA, established in 1932 (FDIC certificate 214), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $601.1M, up 5.8% from Q2 2025, the 51st largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 20.40% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 214
- Headquarters
- Washington, IA
- Established
- 1932
- Total assets, Q2 2026
- $601.1M
- Assets vs Q2 2025
- +5.8%
- CET1 ratio, Q2 2026
- 20.40%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073902216
- Holding company
- W.S.B., INC.
- Asset rank in state
- 51st of 225 in Iowa
Washington State Bank runs leaner than most banks of its size. The Washington, Iowa bank had $601 million in assets at June 30, 2026, up 5.8% from a year earlier. It spends about 43 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it pays an average of 2.56% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $46 million equal 58% of Tier 1 capital, down from 78% a year earlier. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.49% of loans from 1.27%. One more trend to watch: loans are outrunning deposits: over the year loans rose 10.3% and deposits rose 0.3%.
As of June 30, 2026, Washington State Bank reported a CET1 capital ratio of 20.40%, a return on assets of 1.32%, a nonperforming-loan ratio of 0.49% and a Texas ratio of 5.14%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Washington State Bank is the 51st largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.8% to $601.1M, loans rose 0.9% and deposits rose 1.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 47.2% of total loans, followed by farmland and other real estate loans at 18.1%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Washington 2 offices book 79% of its branch deposits. On its Q2 2026 call report, Washington State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 121 S Marion Ave, Washington, IA 52353
- County
- Washington
- Metro Area
- Iowa City, 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
- April 18, 1932
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 56
- Domestic deposits
- $510.5M
- Allowance for credit losses
- $5.0M
- Net charge-offs (YTD)
- $88K
- Average total assets
- $635.7M
- Average total loans
- $363.5M
- Average interest-bearing deposits
- $412.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 214
- Fed RSSD
- 433943
- Website
- http://www.washsb.com →
- Parent Holding Company
- W.S.B., INC. (RSSD 1207468)
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, Washington State Bank's total assets ranged from $548.5M (Q3 2023) to $601.1M (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
$601.1M total assets against $568.1M; $552.1M total liabilities against $532.6M.
$360.5M net loans and leases against $326.8M; $510.5M total deposits against $508.7M.
$190.8M securities against $184.3M; $12.1M cash and balances due against $17.0M.
$8.1M total interest income against $7.7M; $3.3M total interest expense against $3.3M.
$4.8M net interest income against $4.4M.
$417K total noninterest income against $408K; $2.4M total noninterest expense against $2.1M.
$150K provision for credit losses against $60K.
$2.1M net income against $2.1M.
1.32% return on assets against 1.39%; 3.63% net interest margin against 3.63%.
20.40% CET1 capital ratio against 20.23%; 12.48% tier 1 leverage ratio against 12.33%.
Inside the full Washington State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWashington State Bank rankings
Its closest position to the top of a national ranking is 334 of 3,606, for efficiency ratio; its furthest is 1,711 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.90% (Q4 2024) to 1.39% (Q2 2025) and its net interest margin ran from 3.38% (Q4 2024) to 3.89% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.40% | 1.32% | 0.49% | 5.14% | 3.63% |
| Q1 2026 | 20.04% | 1.33% | 0.33% | 4.82% | 3.54% |
| Q4 2025 | 20.24% | 1.21% | 0.48% | 5.34% | 3.78% |
| Q3 2025 | 20.36% | 1.22% | 1.04% | 7.68% | 3.89% |
| Q2 2025 | 20.23% | 1.39% | 1.27% | 10.45% | 3.63% |
| Q1 2025 | 19.73% | 1.31% | 1.01% | 7.61% | 3.56% |
| Q4 2024 | 19.43% | 0.90% | 1.13% | 8.12% | 3.38% |
| Q3 2024 | 20.28% | 1.17% | 0.98% | 5.50% | 3.52% |
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 |
|---|---|---|---|
| Washington State Bank (main office) | Washington , IA | 52353 | $401.7M |
| Columbus Junction State Bank Branch | Columbus Junction , IA | 52738 | $66.6M |
| Pella Branch | Pella , IA | 50219 | $24.3M |
| Fairfield Branch | Fairfield , IA | 52556 | $17.9M |
| Parking Lot Branch | Washington , IA | 52353 | $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 |
|---|---|---|---|
| November 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2015 | Structure Change | Acquired Columbus Junction State 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.
- Deposit market share
- 0.4% of deposits in IA, rank 53 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 282 applications, 262 loans originated, $45.2M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $614K approved, $614K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (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 Washington State Bank
What are Washington State Bank's total assets?
As of the Q2 2026 filing, Washington State Bank reported total assets of $601.1 million in its FFIEC call report.
Where is Washington State Bank headquartered?
It is headquartered in Washington, IA, United States.
When was Washington State Bank founded?
It was established in 1932, per the FDIC institution directory.
Is Washington State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #214). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Washington State Bank?
Washington State Bank's primary federal regulator is the Federal Reserve.
What is Washington State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.40% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Washington 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 Washington State Bank's Texas Ratio?
Its Texas Ratio is 5.14% 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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