TellerScore

Headquartered in Belmond, Iowa, First State Bank is a state-chartered bank with $141.7M in total assets and $117.8M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1933.

Based on its Q2 2026 filing, First State Bank scores 67/100, which we describe as moderate. That is higher than only 34% of 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 162nd. Its strongest component is problem-loan coverage (92/100; 4.1%), and its lowest is earnings (48/100; 0.71%).

TellerScore · Q2 2026

Scorecard

Capital cushion62/100
Tier 1 leverage ratio: 11.23%
Loan quality69/100
Noncurrent loans ÷ total loans: 0.92%
Earnings48/100
Return on assets (annualized): 0.71%
Funding & liquidity85/100
Loans ÷ deposits and uninsured-deposit share: 52.6% · 29.1% uninsured
Problem-loan coverage92/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 4.10%

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 fell 3 points (70 → 67), mostly because the funding & liquidity component weakened by 13 points.

TellerScore
677073Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202473
Q3 202470
Q4 202471
Q1 202573
Q2 202570
Q3 202569
Q4 202568
Q1 202668
Q2 202667
Tier 1 leverage ratio
5.00%8.27%11.54%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202411.52%
Q3 202411.54%
Q4 202411.37%
Q1 202511.47%
Q2 202511.50%
Q3 202511.40%
Q4 202511.31%
Q1 202611.10%
Q2 202611.23%
Noncurrent loans
0.33%0.65%0.97%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.33%
Q3 20240.64%
Q4 20240.49%
Q1 20250.36%
Q2 20250.88%
Q3 20250.91%
Q4 20250.89%
Q1 20260.97%
Q2 20260.92%
Return on assets
0.28%0.52%0.76%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.30%
Q3 20240.28%
Q4 20240.37%
Q1 20250.44%
Q2 20250.58%
Q3 20250.61%
Q4 20250.64%
Q1 20260.76%
Q2 20260.71%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202667$141.7M11.23%0.92%0.71%52.6%
Q1 202668$138.4M11.10%0.97%0.76%54.5%
Q4 202568$148.7M11.31%0.89%0.64%58.3%
Q3 202569$135.6M11.40%0.91%0.61%61.0%
Q2 202570$134.5M11.50%0.88%0.58%59.0%
Q1 202573$132.7M11.47%0.36%0.44%56.3%
Q4 202471$135.1M11.37%0.49%0.37%56.3%
Q3 202470$132.8M11.54%0.64%0.28%55.8%
Q2 202473$130.7M11.52%0.33%0.30%53.5%

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).

Capital ratio11.23%
54th
Total risk-based capital0.00%
24th
Problem loans0.92%
30th
Net charge-offs-0.02%
92nd
Return on assets0.71%
19th
Net interest margin2.23%
2nd
Efficiency ratio57.4%
65th
Loans to deposits52.6%
90th
Uninsured deposits29.1%
31st
Loan-loss reserves1.05%
32nd
Texas ratio4.1%
40th

Similar-size banks in Iowa

InstitutionScoreAssetsCapitalProblem loansCompare
Bridge Community BankBank Mount Vernon, IA74 out of 100, Strong$141.1M10.5%0.03%vs
Farmers Savings BankBank Marshalltown, IA85 out of 100, Very strong$140.3M16.5%0.57%vs
Bank PlusBank Estherville, IA72 out of 100, Strong$144.6M10.7%0.00%vs
Community BankBank Dunlap, IA76 out of 100, Strong$138.3M11.0%0.28%vs
Corydon State BankBank Corydon, IA71 out of 100, Strong$138.0M25.7%5.45%vs
Citizens State BankBank Wyoming, IA91 out of 100, Very strong$137.7M17.9%0.25%vs

Deposit insurance

Is my money safe at First State Bank?

Yes. First State Bank is an FDIC-insured institution (FDIC certificate #5791). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 29.1% of deposits ($34.3M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.23%, 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%).

Check how much of your own balance is covered

1 location

Branches

First State Bank lists 1 office in 1 city. Most locations:

  • Belmond, IA (1)

All branch addresses and map

Identity & history

Profile

Legal name
First State Bank
Type
State-chartered bank
FDIC certificate #
5791
RSSD ID
854847
Primary regulator
FDIC
Holding company
First Belmond Bcorp
Established
July 1, 1933
Headquarters
304 E Main St, Belmond, IA 50421
Employees
11

Quick answers

First State Bank: common questions

Is First State Bank FDIC insured?

Yes. First State Bank is an FDIC-insured institution (FDIC certificate #5791). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First State Bank's TellerScore?

67 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First State Bank ever failed?

There is no failure record for FDIC certificate #5791 in the FDIC failed bank list.

How many branches does First State Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Belmond

InstitutionScoreAssetsCapitalProblem loansCompare
United Bank and Trust CompanyBank Hampton, IA97 out of 100, Very strong$228.4M14.8%0.00%vs
First State BankBank Britt, IA93 out of 100, Very strong$125.9M17.7%0.00%vs
Citizens Community Credit UnionCredit union Fort Dodge, IA88 out of 100, Very strong$253.6M19.1%0.73%vs
First State BankBank Webster City, IA81 out of 100, Strong$674.3M12.4%0.12%vs
First Citizens BankBank Mason City, IA81 out of 100, Strong$1.8B12.0%0.16%vs
First BankBank Waverly, IA78 out of 100, Strong$739.9M12.7%0.54%vs