WCF Financial Bank
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Data as of · sourced from FFIEC call reports. How we update
WCF Financial Bank is an FDIC-insured commercial bank headquartered in Webster City, IA, established in 1934 (FDIC certificate 28989), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $224.4M, up 1.4% from Q2 2025, the 130th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 11.46% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28989
- Headquarters
- Webster City, IA
- Established
- 1934
- Total assets, Q2 2026
- $224.4M
- Assets vs Q2 2025
- +1.4%
- CET1 ratio, Q2 2026
- 11.46%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 273970776
- Latest call report
- Q2 2026, FFIEC 051 · WCF Financial Bank call report
- Holding company
- WCF BANCORP, INC.
- Asset rank in state
- 130th of 225 in Iowa
Problem loans are rising at WCF Financial Bank. Based in Webster City, Iowa, it had $224 million in assets at June 30, 2026, up 1.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 4.26% of loans from 1.42% a year earlier. It earns about $0.26 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 88 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Its margin is thin by comparison: it keeps 2.93 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.95 cents).
As of June 30, 2026, WCF Financial Bank reported a CET1 capital ratio of 11.46%, a return on assets of 0.26%, a nonperforming-loan ratio of 5.11% and a Texas ratio of 38.36%. The figures come from its call report filed with the FFIEC.
WCF Financial Bank ranks as the 130th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.1% to $224.4M, loans rose 1.0% and deposits fell 1.8%. 1-4 family residential loans made up 47.5% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 24.5%. Its 3 offices in the FDIC Summary of Deposits are in Webster City, IA, Independence, IA and Tama, IA; its Webster City office books 70% of its branch deposits. Judged on its Q2 2026 call report, WCF Financial Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 401 Fair Meadow Dr, Webster City, IA 50595
- County
- Hamilton
- 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
- —
- Call Report form
- FFIEC 051
- Established
- June 1, 1934
- Former names
- Webster City Federal Savings Bank (1990-2014)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 30
- Domestic deposits
- $173.7M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $222.7M
- Average total loans
- $175.2M
- Average interest-bearing deposits
- $162.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28989
- Fed RSSD
- 935577
- SEC CIK
- 1667944 → filed by WCF BANCORP, INC.
- Website
- www.wcfbank.com →
- Parent Holding Company
- WCF BANCORP, INC. (RSSD 4974631)
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, WCF Financial Bank's total assets ranged from $184.9M (Q3 2023) to $227.5M (Q4 2025), and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$224.4M total assets against $221.3M; $206.7M total liabilities against $201.0M.
$174.3M net loans and leases against $166.8M; $173.7M total deposits against $166.3M.
$22.8M securities against $26.4M; $11.9M cash and balances due against $11.4M.
$3.0M total interest income against $2.9M; $1.5M total interest expense against $1.6M.
$1.5M net interest income against $1.3M.
$230K total noninterest income against $219K; $1.5M total noninterest expense against $1.5M.
$36K provision for credit losses against $30K.
$142K net income against $20K.
0.26% return on assets against 0.04%; 2.93% net interest margin against 2.60%.
11.46% CET1 capital ratio against 13.77%; 8.31% tier 1 leverage ratio against 9.95%.
Inside the full WCF Financial Bank 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
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.
WCF Financial Bank rankings
Its closest position to the top of a national ranking is 30 of 3,640, for Texas Ratio; its furthest is 3,447 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -4.32% (Q4 2025) to 0.27% (Q3 2025) and its net interest margin ran from 1.47% (Q4 2025) to 2.93% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.46% | 0.26% | 5.11% | 38.36% | 2.93% |
| Q1 2026 | 11.33% | -0.05% | 5.53% | 40.93% | 2.46% |
| Q4 2025 | 11.30% | -4.32% | 5.29% | 38.34% | 1.47% |
| Q3 2025 | 13.09% | 0.27% | 2.19% | 9.73% | 2.74% |
| Q2 2025 | 13.77% | 0.04% | 2.48% | 11.34% | 2.60% |
| Q1 2025 | 13.95% | 0.04% | 2.10% | 16.42% | 2.57% |
| Q4 2024 | 13.72% | -0.22% | 0.72% | 5.65% | 2.40% |
| Q3 2024 | — | 0.09% | 0.45% | 2.31% | 2.45% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| WCF Financial Bank (main office) | Webster City , IA | 50595 | $120.9M |
| 305 First Street West Branch | Independence , IA | 50644 | $27.1M |
| Tama Branch | Tama , IA | 52339 | $25.8M |
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 4, 2014 | Structure Change | Acquired Independence Federal Bank For Savings Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 3, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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; 1 against individuals associated with it
- Period: Most recent action November 2, 2017. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in IA, rank 153 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (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 WCF Financial Bank
What are WCF Financial Bank's total assets?
As of the Q2 2026 filing, WCF Financial Bank reported total assets of $224.4 million in its FFIEC call report.
Where is WCF Financial Bank headquartered?
It is headquartered in Webster City, IA, United States.
When was WCF Financial Bank founded?
It was established in 1934, per the FDIC institution directory.
Is WCF Financial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28989). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates WCF Financial Bank?
WCF Financial Bank's primary federal regulator is the FDIC.
What is WCF Financial Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.46% in its Q2 2026 call report, above regulatory requirements.
How many branches does WCF Financial Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is WCF Financial Bank's Texas Ratio?
Its Texas Ratio is 38.36% 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 WCF Financial Bank previously called?
The charter now named WCF Financial Bank has also operated as Webster City Federal Savings Bank (1990-2014), per FDIC structure-change records.
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