TellerScore

Headquartered in Britt, Iowa, First State Bank is a state-chartered bank with $125.9M in total assets and $102.8M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1927.

First State Bank has a TellerScore of 93 out of 100 (very strong) based on Q2 2026 data — higher than 98% of its 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 7th. Capital cushion contributes the most (100/100, 17.71%); earnings contributes the least (78/100, 1.44%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Tier 1 leverage ratio: 17.71%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.00%
Earnings78/100
Return on assets (annualized): 1.44%
Funding & liquidity81/100
Loans ÷ deposits and uninsured-deposit share: 54.6% · 32.1% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.00%

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 12 points (81 → 93), mostly because the earnings component improved by 32 points.

TellerScore
748493Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202493
Q3 202492
Q4 202492
Q1 202574
Q2 202581
Q3 202587
Q4 202589
Q1 202692
Q2 202693
Tier 1 leverage ratio
5.00%11.36%17.71%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202415.59%
Q3 202415.73%
Q4 202415.55%
Q1 202516.62%
Q2 202516.39%
Q3 202516.72%
Q4 202516.73%
Q1 202616.82%
Q2 202617.71%
Noncurrent loans
0.00%1.00%2.00%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20252.00%
Q2 20250.53%
Q3 20250.14%
Q4 20250.00%
Q1 20260.00%
Q2 20260.00%
Return on assets
0.66%1.13%1.61%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.61%
Q3 20241.49%
Q4 20241.49%
Q1 20251.44%
Q2 20250.66%
Q3 20250.91%
Q4 20251.03%
Q1 20261.37%
Q2 20261.44%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202693$125.9M17.71%0.00%1.44%54.6%
Q1 202692$125.9M16.82%0.00%1.37%58.5%
Q4 202589$130.8M16.73%0.00%1.03%56.4%
Q3 202587$123.3M16.72%0.14%0.91%58.7%
Q2 202581$127.4M16.39%0.53%0.66%56.0%
Q1 202574$124.2M16.62%2.00%1.44%63.5%
Q4 202492$122.4M15.55%0.00%1.49%66.1%
Q3 202492$127.6M15.73%0.00%1.49%62.9%
Q2 202493$128.4M15.59%0.00%1.61%62.5%

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 ratio17.71%
94th
Total risk-based capital0.00%
24th
Problem loans0.00%
94th
Net charge-offs0.00%
68th
Return on assets1.44%
62nd
Net interest margin2.96%
9th
Efficiency ratio37.6%
98th
Loans to deposits54.6%
88th
Uninsured deposits32.1%
23rd
Loan-loss reserves1.24%
56th
Texas ratio0.0%
95th

Similar-size banks in Iowa

InstitutionScoreAssetsCapitalProblem loansCompare
Cedar Valley Bank & TrustBank La Porte City, IA54 out of 100, Below average$126.3M9.0%1.27%vs
Pocahontas State BankBank Pocahontas, IA71 out of 100, Strong$122.6M26.4%1.93%vs
Farmers and Merchants Savings BankBank Iowa City, IA83 out of 100, Strong$122.5M13.6%0.00%vs
Solon State BankBank Solon, IA45 out of 100, Below average$122.5M23.0%11.69%vs
First State BankBank Stuart, IA82 out of 100, Strong$129.7M11.9%0.03%vs
Farmers Savings BankBank Wever, IA80 out of 100, Strong$130.5M13.7%0.27%vs

Deposit insurance

Is my money safe at First State Bank?

Yes. First State Bank is an FDIC-insured institution (FDIC certificate #8522). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 32.1% of deposits ($33.0M) 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 17.71%, 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

2 locations

Branches

First State Bank lists 2 offices in 2 cities. Most locations:

  • Britt, IA (1)
  • Woden, IA (1)

All branch addresses and map

Identity & history

Profile

Legal name
First State Bank
Type
State-chartered bank
FDIC certificate #
8522
RSSD ID
795249
Primary regulator
FDIC
Holding company
Readlyn Bancshares Inc
Established
November 12, 1927
Headquarters
183 Main Ave N, Britt, IA 50423
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 #8522). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First State Bank's TellerScore?

93 out of 100 (Very strong), 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 #8522 in the FDIC failed bank list.

How many branches does First State Bank have?

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Britt

InstitutionScoreAssetsCapitalProblem loansCompare
Citizens Community Credit UnionCredit union Fort Dodge, IA88 out of 100, Very strong$253.6M19.1%0.73%vs
Clear Lake Bank and Trust CompanyBank Clear Lake, IA75 out of 100, Strong$649.3M8.5%0.00%vs
Farmers Trust and Savings BankBank Buffalo Center, IA74 out of 100, Strong$422.7M9.9%0.06%vs
Farmers State BankBank Northwood, IA74 out of 100, Strong$221.4M12.7%0.77%vs
Iowa State BankBank Algona, IA73 out of 100, Strong$470.7M11.2%0.15%vs
Security State BankBank Algona, IA72 out of 100, Strong$109.8M27.3%2.14%vs