Federation Bank
Washington, IA
IDRSSD: 764142
Total Assets
$153.69M
Latest filing
Total Deposits
$131.83M
Latest filing
Net Interest Margin
4.02%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Federation Bank
300 S Iowa Ave
Washington, IA 52353
Full Service - Brick and Mortar
Updated 01/30/2026Established 11/01/1906FDIC Certificate 8968
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Federation Bank (Main) | 300 S Iowa Ave | Washington, IA |
| WELLMAN BRANCH | 801 6th Street | Wellman, IA |
| RICHLAND BRANCH | 107 S Richland St | Richland, IA |
| BRIGHTON BRANCH | 112 E Washington St | Brighton, IA |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/01/1906 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 52353 |
| State and County Number | 19183 |
| Subchapter S Corporations | Yes |
| Trust Powers | Trust Powers Not Granted |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Iowa City, IA |
Operational Info
| Number of Employees | 25 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 04/18/1934 |
| Primary Insurance Agency | DIF |
| Website | www.federationbankia.com |
| Data Updated | 01/30/2026 |
| CERT | 14352 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $153.69M |
| Total Deposits | $131.83M |
| Total Liabilities | $139.21M |
| Total Equity Capital | $14.49M |
| Net Income | $487.00k |
| Net Loans and Leases | $80.45M |
| Assets Per Employee ($Millions) | $6.15M |
| Bank Premises and Fixed Assets | $2.46M |
| Cash and Balances due from Depository Institutions | $10.02M |
| Deposits Held in Domestic Offices | $131.83M |
Key Performance Ratios
| Return on Assets (ROA) | 1.29% |
| Return on Equity (ROE) | 13.75% |
| Net Interest Margin | 4.02% |
| Efficiency Ratio | 65.95% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.427% |
| Earning Assets to total Assets | 92.41% |
Income and Expense
| Total Interest Income | $1.83M |
| Total Noninterest Income | $93.00k |
| Total Interest Expense | $430.00k |
| Total Noninterest Expense | $984.00k |
| Net Interest Income | $1.40M |
| Pre-tax Net Operating Income | $508.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $1.23M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $5.36M |
| All Other Liabilities | $791.00k |
| Total Liabilities and Capital | $153.69M |
Securities
| Securities | $53.74M |
| Available-for-sale debt securities | $53.74M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Federation Bank?
$153.69M as of the latest filing.
How much are Federation Bank's total deposits?
$131.83M in total deposits.
Where is Federation Bank located?
Washington, IA.
What is the Net Interest Margin?
4.02%.
How many domestic offices does it operate?
4.
When was it established?
11/01/1906.
What is the Return on Assets (ROA)?
1.29%.
How much are total loans and leases?
$80.45M (latest filing).
What is the total interest income (latest filing)?
$1.83M.