First State Bank of Colfax


Overview / Commentary
515-674-3533
100 North Walnut Street
Colfax, IA 50054

First State Bank of Colfax is headquartered in Colfax and is the 230th largest bank in the state of Iowa. It is also the 4,650th largest bank in the nation. It was established in 1933 and as of December of 2018, it had grown to 8 employees at 1 location. First State Bank of Colfax's CD rates are 68% higher than the national average, and it has a B health rating.

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Health
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 State Bank of Colfax has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #4440
Year Established1933
Employees8
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.36%
Return on Equity - YTD11.66%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$67.4MM$71.2MM
LoansQ4 2018vs Q4 2017$22.4MM$23.6MM
DepositsQ4 2018vs Q4 2017$50.5MM$54.4MM
Equity CapitalQ4 2018vs Q4 2017$14.6MM$13.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$387.00K$564.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$0$39.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First State Bank of Colfax Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$75k*-Cash Management Account
OTHER TIERS: 0.20% Up to $5k | 0.30% $5k - $25k | 0.35% $25k - $50k | 0.45% $50k - $75k
0.25%$50-Regular Savings
0.25%--Student Savings

First State Bank of Colfax Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$1k*-Money Market Savings
OTHER TIERS: 0.20% Up to $1k
0.20%$1k-Money Market Checking

First State Bank of Colfax Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-Now Checking

First State Bank of Colfax CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.63%*$25k*-60 Month CD
OTHER TIERS: 1.97% $1k - $10k | 2.38% $10k - $25k
2.53%$10k-72 Month CD
2.12%*$10k*-48 Month CD
OTHER TIERS: 1.82% $1k - $10k
2.02%*$25k*-36 Month CD
OTHER TIERS: 1.77% $10k - $25k
1.82%*$25k*-24 Month CD
OTHER TIERS: 1.31% $1k - $25k
1.51%$1k-30 Month CD
1.51%*$10k*-12 Month CD
OTHER TIERS: 1.11% $1k - $10k
1.41%$1k-18 Month CD
1.01%*$10k*-6 Month CD
OTHER TIERS: 0.60% $1k - $10k
0.50%$1k-3 Month CD

First State Bank of Colfax IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-48 Month IRA
2.00%$1k-18 Month IRA
Locations


First State Bank of Colfax Locations
First State Bank Of Colfax100 North Walnut StreetColfax, IA 50054

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