First State Bank of Colfax

Overview / Commentary
100 North Walnut Street
Colfax, IA 50054

First State Bank of Colfax is headquartered in Colfax and is the 228th largest bank in the state of Iowa. It is also the 4,609th largest bank in the nation. It was established in 1933 and as of June of 2019, 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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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

FDIC Certificate #4440
Year Established1933
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.95%
Return on Equity - YTD8.55%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$64.3MM$68.5MM
LoansQ2 2019vs Q2 2018$22.0MM$25.0MM
DepositsQ2 2019vs Q2 2018$48.9MM$51.1MM
Equity CapitalQ2 2019vs Q2 2018$15.3MM$13.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$387.00K$586.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$0$0
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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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

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

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

0.20%$500-Now Checking

First State Bank of Colfax CD Rates

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

2.50%$1k-48 Month IRA
2.00%$1k-18 Month IRA

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

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