Bank · FDIC insured
Central State Bank
Top CarrotA $557.8M bank headquartered in State Center, IA, with 3 branches in Iowa. Best rates: CDs 4.25% and savings 2.50% APY.
Central State Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 78% of U.S. banks and credit unions
#18 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Central State Bank
Originally founded in 1901, Central State Bank was merged under its current name in 1942 by Wilfred \"Bill\" Haesemeyer and has remained Haesemeyer family-owned ever since.
Serving Iowa communities, the bank expanded with a branch in Somerset Village, Ames, in 2019 and added another location in West Des Moines in 2022.
- Headquarters
- 109 Main St W, State Center, IA 50247
- FDIC certificate
- 10903 ↗
Branches
3 branches in Iowa
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Iowa
3 branches
Marshalltown area · 1
- Central State BankMain office109 Main St W, State Center, IA 50247Directions
Ames area · 1
- Ames Branch2709 Northridge Pkwy, Ames, IA 50010Directions
Des Moines area · 1
- West Des Moines Branch140 S 68th St, West Des Moines, IA 50266Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.43% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.42% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.88% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $96 | $81 | — |
- CapitalLeverage ratio10.43%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.42%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.88%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$96Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Central State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.