White State Bank
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Data as of · sourced from FFIEC call reports. How we update
White State Bank is an FDIC-insured commercial bank headquartered in South English, IA, established in 1908 (FDIC certificate 8519), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $109.0M, up 10.2% from Q2 2025, the 190th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.16% 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
- 8519
- Headquarters
- South English, IA
- Established
- 1908
- Total assets, Q2 2026
- $109.0M
- Assets vs Q2 2025
- +10.2%
- Tier 1 leverage ratio, Q2 2026
- 11.16%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073910923
- Holding company
- COUNTRY BANCORPORATION
- Asset rank in state
- 190th of 225 in Iowa
Problem loans are rising at White State Bank. Its balance sheet stood at $109 million at June 30, 2026, up 10.2% from a year earlier; it is based in South English, Iowa. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.31% of loans from 0.00% 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). It also holds commercial real estate loans equal to only 29% of its capital, a small fraction of the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $473,000, 33% above the same quarter a year earlier. Over the same year, loans grew 3.0% and deposits grew 10.5%. Its margin is thin by comparison: it keeps 3.43 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, White State Bank reported a return on assets of 1.72%, a nonperforming-loan ratio of 1.31% and a Texas ratio of 4.24%. The figures come from its call report filed with the FFIEC.
White State Bank ranks as the 190th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 5.3% to $109.0M, loans rose 4.0% and deposits rose 5.8%. 1-4 family residential loans made up 25.5% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 23.3%. The FDIC Summary of Deposits lists 3 offices for it, in South English, IA, Crawfordsville, IA and Wayland, IA; its South English office books 48% of its branch deposits. By the capital ratios in its Q2 2026 call report, White State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 209 Ives Street, South English, IA 52335
- County
- Keokuk
- 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, 1908
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 11
- Domestic deposits
- $96.4M
- Allowance for credit losses
- $662K
- Net charge-offs (YTD)
- -$4K
- Average total assets
- $109.7M
- Average total loans
- $37.2M
- Average interest-bearing deposits
- $71.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8519
- Fed RSSD
- 359744
- Website
- www.whitestatebank.com →
- Parent Holding Company
- COUNTRY BANCORPORATION (RSSD 1203910)
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, White State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, White State Bank's total assets ran between $91.0M (Q3 2023) and $109.0M (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
$109.0M total assets against $98.9M; $97.0M total liabilities against $87.9M.
$37.4M net loans and leases against $36.3M; $96.4M total deposits against $87.2M.
$59.0M securities against $55.7M; $9.4M cash and balances due against $2.4M.
$1.2M total interest income against $1.1M; $310K total interest expense against $322K.
$922K net interest income against $823K.
$38K total noninterest income against $33K; $411K total noninterest expense against $391K.
$1K provision for credit losses against $0.
$473K net income against $355K.
1.72% return on assets against 1.40%; 3.43% net interest margin against 3.38%.
11.16% tier 1 leverage ratio against 11.26%.
Inside the full White State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWhite State Bank rankings
Its closest position to the top of a national ranking is 309 of 3,606, for efficiency ratio; its furthest is 3,598 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.06% (Q4 2024) to 1.72% (Q2 2026) and its net interest margin ran from 3.04% (Q4 2024) to 3.47% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.16% | 1.72% | 1.31% | 4.24% | 3.43% |
| Q1 2026 | 11.12% | 1.46% | 0.96% | 3.10% | 3.33% |
| Q4 2025 | 11.55% | 1.60% | 0.00% | 0.00% | 3.47% |
| Q3 2025 | 11.38% | 1.36% | 0.00% | 0.00% | 3.37% |
| Q2 2025 | 11.26% | 1.40% | 0.00% | 0.00% | 3.38% |
| Q1 2025 | 10.69% | 1.16% | 0.96% | 3.44% | 3.12% |
| Q4 2024 | 10.79% | 1.06% | 0.00% | 0.00% | 3.04% |
| Q3 2024 | 10.58% | 1.54% | 0.27% | 0.98% | 3.15% |
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 |
|---|---|---|---|
| White State Bank (main office) | South English , IA | 52335 | $46.5M |
| Crawfordsville Branch | Crawfordsville , IA | 52621 | $29.0M |
| Wayland Branch | Wayland , IA | 52654 | $20.9M |
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 |
|---|---|---|---|
| September 12, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 10, 2022 | Structure Change | Acquired Peoples 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; 1 against individuals associated with it. These actions name the parent holding company, COUNTRY BANCORPORATION, not the bank itself
- Period: Most recent action April 1, 2016. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IA, rank 208 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $192K approved, $96K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1995 (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 White State Bank
What are White State Bank's total assets?
As of the Q2 2026 filing, White State Bank reported total assets of $109.0 million in its FFIEC call report.
Where is White State Bank headquartered?
It is headquartered in South English, IA, United States.
When was White State Bank founded?
It was established in 1908, per the FDIC institution directory.
Is White State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8519). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates White State Bank?
White State Bank's primary federal regulator is the FDIC.
How many branches does White State 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 White State Bank's Texas Ratio?
Its Texas Ratio is 4.24% 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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