The Watkins Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
The Watkins Savings Bank is an FDIC-insured commercial bank headquartered in Watkins, IA, established in 1892 (FDIC certificate 18071), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $86.7M, up 5.6% from Q2 2025, the 200th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.80% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18071
- Headquarters
- Watkins, IA
- Established
- 1892
- Total assets, Q2 2026
- $86.7M
- Assets vs Q2 2025
- +5.6%
- Tier 1 leverage ratio, Q2 2026
- 14.80%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 073916406
- Latest call report
- Q2 2026, FFIEC 051 · The Watkins Savings Bank call report
- Asset rank in state
- 200th of 225 in Iowa
The Watkins Savings Bank, based in Watkins, Iowa, reported $87 million in assets at June 30, 2026, up 5.6% from a year earlier. It keeps 1.98 cents of net interest income on every dollar of earning assets, about half the median of 3.87 cents for the 583 banks with less than $100 million in assets. On the other hand, it carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 banks its size (median 1.4%).
Earnings jumped: net income for the quarter was $110,000, 86% above the same quarter a year earlier. Over the same year, loans shrank 1.7% and deposits grew 5.2%. Profitability lags: it earns about $0.49 a year on every $100 of assets, about half the median of $1.06 for banks its size.
As of June 30, 2026, The Watkins Savings Bank reported a return on assets of 0.49%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, The Watkins Savings Bank is the 200th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.7% to $86.7M, loans fell 1.6% and deposits fell 0.9%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 46.3% of total loans, ahead of agricultural production loans at 30.5%. Its one office in the FDIC Summary of Deposits is in Watkins, IA. On its Q2 2026 call report, The Watkins Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 202 1st St, Watkins, IA 52354
- County
- Benton
- Metro Area
- Cedar Rapids, 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
- January 1, 1892
- Former names
- The Watkins Savings Bank (1976)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $75.0M
- Allowance for credit losses
- $170K
- Net charge-offs (YTD)
- $0
- Average total assets
- $90.2M
- Average total loans
- $32.7M
- Average interest-bearing deposits
- $63.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 1, 1959
- FDIC Cert
- 18071
- Fed RSSD
- 437044
- Website
- http://watkinsbank.com →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, The Watkins Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, The Watkins Savings Bank's total assets ranged from $75.7M (Q3 2023) to $87.3M (Q1 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
$86.7M total assets against $82.1M; $75.3M total liabilities against $71.6M.
$32.3M net loans and leases against $32.8M; $75.0M total deposits against $71.3M.
$32.6M securities against $37.1M; $20.5M cash and balances due against $10.6M.
$766K total interest income against $699K; $347K total interest expense against $357K.
$419K net interest income against $342K.
$3K total noninterest income against $5K; $294K total noninterest expense against $285K.
No provision recorded in the last 12 quarters.
$110K net income against $59K.
0.49% return on assets against 0.28%; 1.98% net interest margin against 1.71%.
14.80% tier 1 leverage ratio against 15.53%.
Inside the full The Watkins Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.20% (Q3 2024) to 0.59% (Q4 2024) and its net interest margin ran from 1.67% (Q4 2024) to 1.98% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.80% | 0.49% | 0.00% | 0.00% | 1.98% |
| Q1 2026 | 15.08% | 0.49% | 0.00% | 0.00% | 1.87% |
| Q4 2025 | 15.03% | 0.32% | 0.32% | 0.97% | 1.76% |
| Q3 2025 | 15.54% | 0.37% | 0.06% | 0.17% | 1.79% |
| Q2 2025 | 15.53% | 0.28% | 0.00% | 0.00% | 1.71% |
| Q1 2025 | 15.58% | 0.34% | 0.00% | 0.00% | 1.77% |
| Q4 2024 | 16.37% | 0.59% | 0.00% | 0.00% | 1.67% |
| Q3 2024 | 16.56% | 0.20% | 0.00% | 0.00% | 1.73% |
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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 |
|---|---|---|---|
| The Watkins Savings Bank | Watkins , IA | 52354 | $75.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 221 of 261 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 The Watkins Savings Bank
What are The Watkins Savings Bank's total assets?
As of the Q2 2026 filing, The Watkins Savings Bank reported total assets of $86.7 million in its FFIEC call report.
Where is The Watkins Savings Bank headquartered?
It is headquartered in Watkins, IA, United States.
When was The Watkins Savings Bank founded?
It was established in 1892, per the FDIC institution directory.
Is The Watkins Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18071). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Watkins Savings Bank?
The Watkins Savings Bank's primary federal regulator is the FDIC.
How many branches does The Watkins Savings 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 The Watkins Savings Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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 The Watkins Savings Bank previously called?
The charter now named The Watkins Savings Bank has also operated as The Watkins Savings Bank (1976), per FDIC structure-change records.
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