Waukon State Bank
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Data as of · sourced from FFIEC call reports. How we update
Waukon State Bank is an FDIC-insured commercial bank headquartered in Waukon, IA, established in 1871 (FDIC certificate 1857), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $426.9M, up 3.5% from Q2 2025, the 77th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.44% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1857
- Headquarters
- Waukon, IA
- Established
- 1871
- Total assets, Q2 2026
- $426.9M
- Assets vs Q2 2025
- +3.5%
- Tier 1 leverage ratio, Q2 2026
- 10.44%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073903985
- Holding company
- WFC, INC.
- Asset rank in state
- 77th of 225 in Iowa
Waukon State Bank, based in Waukon, Iowa, reported $427 million in assets at June 30, 2026, up 3.5% from a year earlier. It holds commercial real estate loans equal to only 14% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also 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 2.6%).
Deposits are coming in faster than loans: over the year loans rose 1.7% and deposits rose 5.6%.
As of June 30, 2026, Waukon State Bank reported a return on assets of 1.92%, 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.
Waukon State Bank ranks as the 77th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 5.2% to $426.9M, loans rose 1.2% and deposits fell 4.9%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 33.9% of total loans, followed by farmland and other real estate loans at 24.2%. Its 4 offices in the FDIC Summary of Deposits are in Decorah, IA and Waukon, IA; its Decorah 2 offices book 53% of its branch deposits. On its Q2 2026 call report, Waukon State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 22 W Main St, Waukon, IA 52172
- County
- Allamakee
- 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, 1871
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 51
- Domestic deposits
- $366.5M
- Allowance for credit losses
- $5.0M
- Net charge-offs (YTD)
- $0
- Average total assets
- $433.3M
- Average total loans
- $349.9M
- Average interest-bearing deposits
- $306.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1857
- Fed RSSD
- 436542
- Website
- www.waukonstatebank.bank →
- Parent Holding Company
- WFC, INC. (RSSD 1142783)
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, Waukon State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Waukon State Bank's total assets moved between a low of $394.0M (Q2 2024) and a high of $450.2M (Q1 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
$426.9M total assets against $412.6M; $381.9M total liabilities against $370.1M.
$348.6M net loans and leases against $342.7M; $366.5M total deposits against $347.0M.
$35.4M securities against $30.9M; $12.1M cash and balances due against $23.4M.
$5.9M total interest income against $5.7M; $2.0M total interest expense against $2.1M.
$3.8M net interest income against $3.5M.
$215K total noninterest income against $244K; $1.9M total noninterest expense against $1.8M.
$0 provision for credit losses against $0.
$2.1M net income against $1.9M.
1.92% return on assets against 1.89%; 3.73% net interest margin against 3.64%.
10.44% tier 1 leverage ratio against 10.51%.
Inside the full Waukon State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWaukon State Bank rankings
Its closest position to the top of a national ranking is 448 of 3,606, for efficiency ratio; its furthest is 3,424 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.58% (Q4 2024) to 2.00% (Q3 2025) and its net interest margin ran from 3.07% (Q3 2024) to 3.85% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.44% | 1.92% | 0.00% | 0.00% | 3.73% |
| Q1 2026 | 10.14% | 1.93% | 0.00% | 0.00% | 3.65% |
| Q4 2025 | 10.14% | 1.88% | 0.00% | 0.00% | 3.85% |
| Q3 2025 | 10.76% | 2.00% | 0.00% | 0.00% | 3.78% |
| Q2 2025 | 10.51% | 1.89% | 0.00% | 0.00% | 3.64% |
| Q1 2025 | 10.26% | 1.39% | 0.00% | 0.00% | 3.34% |
| Q4 2024 | 9.93% | 0.58% | 0.00% | 1.23% | 3.19% |
| Q3 2024 | 10.47% | 1.07% | 0.00% | 3.07% | 3.07% |
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 |
|---|---|---|---|
| Decorah Branch | Decorah , IA | 52101 | $194.9M |
| Waukon State Bank (main office) | Waukon , IA | 52172 | $171.6M |
| Parking Lot Branch | Waukon , IA | 52172 | $0 |
| Viking State Bank & Trust Brach Branch | Decorah , IA | 52101 | $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 |
|---|---|---|---|
| January 1, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2012 | Structure Change | Acquired Viking State Bank & Trust 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
- 0.3% of deposits in IA, rank 79 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $122K approved, $122K 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
- Enforcement actions, 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 Waukon State Bank
What are Waukon State Bank's total assets?
As of the Q2 2026 filing, Waukon State Bank reported total assets of $426.9 million in its FFIEC call report.
Where is Waukon State Bank headquartered?
It is headquartered in Waukon, IA, United States.
When was Waukon State Bank founded?
It was established in 1871, per the FDIC institution directory.
Is Waukon State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1857). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Waukon State Bank?
Waukon State Bank's primary federal regulator is the Federal Reserve.
How many branches does Waukon State Bank 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 Waukon State 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.
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