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First State Bank

Britt, IA · Cert 8522 · Peer group: banks under $1B in assets in IA (n=134-135) · Readlyn Bancshares Inc.

State charter, non-member · FDIC · 2 affiliate banks · 2 branches (5 in holding)

Q2 2026

$125.9MAssets
$56.9MLoans
$102.8MDeposits
$20.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: net interest margin trails 79% of banks under $1B in assets in IA (rank 106 of 135).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.46%

Rank 37 of 135

Net Interest Margin

2.87%

Rank 106 of 135

Efficiency Ratio

37.56%

Rank 7 of 135

Equity / Assets

16.57%

Rank 12 of 135

Non-interest income vs. expense

$0.3M$1.5MINCOMEEXPENSE
Unfavorable gap of $1.2M · efficiency ratio beats 96% of banks under $1B in assets in IA
Bank 37.56%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.46%0.92%1.19%1.47%Beats 73%37 / 135
Return on Equity8.79%7.99%10.26%13.14%Beats 35%88 / 135
Net Interest Margin2.87%2.95%3.41%3.73%Beats 21%106 / 135
Efficiency Ratio37.56%50.61%57.35%63.29%Beats 96%7 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio17.71%11.23%13.31%15.45%Beats 85%20 / 135
Total Risk-Based Capital Ratio17.71%11.61%14.06%16.47%Beats 84%22 / 135
Equity / Assets16.57%9.87%11.05%13.07%Beats 91%12 / 135
Liquidity & Funding
Loans / Deposits55.32%68.54%81.55%91.24%12th pctl118 / 134
Loans / Assets45.15%57.61%68.06%76.23%10th pctl121 / 135
Brokered Deposits / Depositsn/aNot reported for this institution