Iowa State Bank
Algona, IA
IDRSSD: 734248
Total Assets
$467.70M
Latest filing
Total Deposits
$374.05M
Latest filing
Net Interest Margin
3.24%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Iowa State Bank
5 E Call St
Algona, IA 50511
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1928FDIC Certificate 618
Branches (4)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Iowa State Bank (Main) | 5 E Call St | Algona, IA |
| IOWA STATE BANK-RUTHVEN BRANCH | 1108 Gowrie St | Ruthven, IA |
| CORWITH STATE BRANCH | 104 Nw Elm St | Corwith, IA |
| DRIVE UP FACILITY BRANCH | 415 E State St | Algona, IA |
| WESLEY BRANCH | 108 Main St E | Wesley, IA |
Showing 4 of 4
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 | 01/01/1928 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 50511 |
| State and County Number | 19109 |
| Subchapter S Corporations | No |
| Trust Powers | Trust Powers Grandfathered |
| 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 | N/A |
Operational Info
| Number of Employees | 51 |
| Domestic Offices | 5 |
| 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 | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.bankisb.com |
| Data Updated | 01/30/2026 |
| CERT | 950 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $467.70M |
| Total Deposits | $374.05M |
| Total Liabilities | $425.63M |
| Total Equity Capital | $42.08M |
| Net Income | $884.00k |
| Net Loans and Leases | $297.03M |
| Assets Per Employee ($Millions) | $9.35M |
| Bank Premises and Fixed Assets | $3.11M |
| Cash and Balances due from Depository Institutions | $10.73M |
| Deposits Held in Domestic Offices | $374.05M |
Key Performance Ratios
| Return on Assets (ROA) | 0.75% |
| Return on Equity (ROE) | 8.56% |
| Net Interest Margin | 3.24% |
| Efficiency Ratio | 73.52% |
| Tier 1 Risk-Based Capital Ratio | 15.72% |
| 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 | 8.996% |
| Earning Assets to total Assets | 91.55% |
Income and Expense
| Total Interest Income | $5.94M |
| Total Noninterest Income | $506.00k |
| Total Interest Expense | $2.45M |
| Total Noninterest Expense | $2.93M |
| Net Interest Income | $3.48M |
| Pre-tax Net Operating Income | $1.06M |
| 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 | $517.00k |
| Other borrowed funds | $38.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $2.31M |
| Federal Funds Purchased and Repurchased Agreement | $9.82M |
| All Other Liabilities | $3.76M |
| Total Liabilities and Capital | $467.70M |
Securities
| Securities | $126.18M |
| Available-for-sale debt securities | $125.78M |
| 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 Iowa State Bank?
$467.70M as of the latest filing.
How much are Iowa State Bank's total deposits?
$374.05M in total deposits.
Where is Iowa State Bank located?
Algona, IA.
What is the Net Interest Margin?
3.24%.
How many domestic offices does it operate?
5.
When was it established?
01/01/1928.
What is the Return on Assets (ROA)?
0.75%.
How much are total loans and leases?
$297.03M (latest filing).
What is the total interest income (latest filing)?
$5.94M.