Federation Bank (FDIC certificate #14352) is based in Washington, Iowa. Its Q2 2026 call report shows $155.8M in total assets and $133.8M in deposits and 4 offices.
Federation Bank has a TellerScore of 83 out of 100 (strong) based on Q2 2026 data — higher than 84% of its 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 43rd. Funding & liquidity contributes the most (99/100, 61% loans-to-deposits, 6% uninsured); capital cushion contributes the least (55/100, 10.49%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 16 points (67 → 83), mostly because the earnings component improved by 32 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 71 |
| Q3 2024 | 72 |
| Q4 2024 | 70 |
| Q1 2025 | 72 |
| Q2 2025 | 67 |
| Q3 2025 | 74 |
| Q4 2025 | 75 |
| Q1 2026 | 83 |
| Q2 2026 | 83 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.84% |
| Q3 2024 | 9.86% |
| Q4 2024 | 9.59% |
| Q1 2025 | 9.66% |
| Q2 2025 | 9.80% |
| Q3 2025 | 10.07% |
| Q4 2025 | 10.01% |
| Q1 2026 | 10.52% |
| Q2 2026 | 10.49% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.37% |
| Q3 2024 | 0.32% |
| Q4 2024 | 0.34% |
| Q1 2025 | 0.25% |
| Q2 2025 | 0.94% |
| Q3 2025 | 0.35% |
| Q4 2025 | 0.28% |
| Q1 2026 | 0.40% |
| Q2 2026 | 0.20% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.93% |
| Q3 2024 | 0.89% |
| Q4 2024 | 0.81% |
| Q1 2025 | 0.84% |
| Q2 2025 | 0.98% |
| Q3 2025 | 1.06% |
| Q4 2025 | 1.11% |
| Q1 2026 | 2.09% |
| Q2 2026 | 1.79% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 83 | $155.8M | 10.49% | 0.20% | 1.79% | 61.0% |
| Q1 2026 | 83 | $151.2M | 10.52% | 0.40% | 2.09% | 60.7% |
| Q4 2025 | 75 | $153.7M | 10.01% | 0.28% | 1.11% | 61.0% |
| Q3 2025 | 74 | $148.4M | 10.07% | 0.35% | 1.06% | 59.9% |
| Q2 2025 | 67 | $149.0M | 9.80% | 0.94% | 0.98% | 57.0% |
| Q1 2025 | 72 | $153.3M | 9.66% | 0.25% | 0.84% | 55.3% |
| Q4 2024 | 70 | $145.5M | 9.59% | 0.34% | 0.81% | 56.9% |
| Q3 2024 | 72 | $155.1M | 9.86% | 0.32% | 0.89% | 51.3% |
| Q2 2024 | 71 | $139.8M | 9.84% | 0.37% | 0.93% | 54.8% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Audubon State BankBank Audubon, IA | 78 out of 100, Strong | $155.3M | 10.5% | 0.20% | vs |
| Hiawatha Bank and Trust CompanyBank Hiawatha, IA | 74 out of 100, Strong | $156.9M | 11.0% | 0.22% | vs |
| Boone Bank & Trust Co.Bank Boone, IA | 48 out of 100, Below average | $156.9M | 9.7% | 2.45% | vs |
| Citizens Savings BankBank Spillville, IA | 88 out of 100, Very strong | $151.1M | 15.5% | 0.05% | vs |
| Farmers State BankBank Algona, IA | 76 out of 100, Strong | $150.5M | 12.7% | 0.91% | vs |
| Readlyn Savings BankBank Readlyn, IA | 66 out of 100, Moderate | $148.3M | 19.3% | 3.04% | vs |
Deposit insurance
Is my money safe at Federation Bank?
Yes. Federation Bank is an FDIC-insured institution (FDIC certificate #14352). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 6.3% of deposits ($8.4M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.49%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Federation Bank lists 4 offices in 4 cities. Most locations:
- Brighton, IA (1)
- Richland, IA (1)
- Washington, IA (1)
- Wellman, IA (1)
HMDA 2025
Mortgage lending
In 2025, Federation Bank reported 60 home-loan applications under HMDA (LEI 254900FW2KC6CZHVQW30): 48 originated ($6,430,000 total), 4 denied, and 6 withdrawn or closed by the applicant. Its denial rate on decided applications was 7.4%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Federation Bank
- Former names
- Rubio Savings Bank of Brighton, Iowa; Rubio Savings Bank; Rubio Savings Bank of Brighton
- Type
- State-chartered bank
- FDIC certificate #
- 14352
- RSSD ID
- 764142
- Primary regulator
- FDIC
- Holding company
- Washington Bcorp
- Established
- November 1, 1906
- Headquarters
- 300 S Iowa Ave, Washington, IA 52353
- Website
- www.federationbankia.com
- Employees
- 24
Quick answers
Federation Bank: common questions
Is Federation Bank FDIC insured?
Yes. Federation Bank is an FDIC-insured institution (FDIC certificate #14352). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Federation Bank's TellerScore?
83 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Federation Bank ever failed?
There is no failure record for FDIC certificate #14352 in the FDIC failed bank list.
How many branches does Federation Bank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Washington
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Hills Bank and Trust CompanyBank Hills, IA | 84 out of 100, Strong | $4.8B | 13.4% | 0.40% | vs |
| Farmers and Merchants Savings BankBank Iowa City, IA | 83 out of 100, Strong | $122.5M | 13.6% | 0.00% | vs |
| Washington State BankBank Washington, IA | 78 out of 100, Strong | $601.1M | 12.5% | 0.49% | vs |
| Pilot Grove Savings BankBank Pilot Grove, IA | 74 out of 100, Strong | $1.2B | 8.8% | 0.13% | vs |
| White State BankBank South English, IA | 73 out of 100, Strong | $109.0M | 11.2% | 1.31% | vs |
| The Libertyville Savings BankBank Fairfield, IA | 73 out of 100, Strong | $384.1M | 11.0% | 0.90% | vs |