Bank · FDIC insured
First Bank
A $739.9M bank headquartered in Waverly, IA, with 7 branches in Iowa. Best rates: CDs 4.21% and savings 0.30% APY.
First Bank Carrot Score
79
Carrot Score
Higher than 49% of U.S. banks and credit unions
#8 of 20 in Waterloo, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Bank
First Bank has been in operation since first opening its doors in 1864.
The bank is community-owned, with local owners including its neighbors and employees.
- Headquarters
- 316 E Bremer Ave, Waverly, IA 50677
- FDIC certificate
- 4519 ↗
Branches
7 branches in Iowa
Loading map…
Iowa
7 branches
Waterloo area · 4
- First BankMain office316 E Bremer Ave, Waverly, IA 50677Directions
- Cedar Falls Branch602 Main St, Cedar Falls, IA 50613Directions
- Plainfield Branch620 1st St, Plainfield, IA 50666Directions
- Waverly Branch921 W Bremer Ave, Waverly, IA 50677Directions
Clarion area · 1
- Clarion Branch322 Central Ave E, Clarion, IA 50525Directions
Eagle Grove area · 1
- Eagle Grove Branch201 W Broadway St, Eagle Grove, IA 50533Directions
Goldfield area · 1
- Goldfield Branch435 N Main St, Goldfield, IA 50542Directions
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 | 12.72% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.54% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.54% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $91 | $81 | — |
- CapitalLeverage ratio12.72%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.54%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.54%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$91Peers’ 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 First Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.