First Security State Bank (IA)


Overview / Commentary
319-235-6731
3600 Lafayette Road
Evansdale, IA 50707

First Security State Bank (IA) is headquartered in EVANSDALE and is the 199th largest bank in the state of Iowa. It is also the 3,874th largest bank in the nation. It was established in 1962 and as of December of 2024, it had grown to 18 employees at 2 locations. First Security State Bank (IA) has a C+ health rating.

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First Security State Bank (IA) has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #18508
Year Established1962
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.93%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$94.3MM$94.8MM
LoansQ4 2024vs Q4 2023$58.8MM$68.2MM
DepositsQ4 2024vs Q4 2023$82.2MM$83MM
Equity CapitalQ4 2024vs Q4 2023$11.2MM$11MM
Loan Loss AllowanceQ4 2024vs Q4 2023$713K$739K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$1.9MM$535K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for First Security State Bank (IA) are currently being reviewed.

Locations


First Security State Bank (IA) Locations
Cedar Falls Branch3229 Greenhill CircleCedar Falls, IA 50613
First Security State Bank3600 Lafayette RdEvansdale, IA 50707

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