Bank · FDIC insured
First Security State Bank
A $87.3M bank headquartered in Evansdale, IA, with 2 branches in Iowa. Best rates: CDs 4.15% and savings 0.40% APY.
First Security State Bank Carrot Score
77
Carrot Score
Higher than 43% of U.S. banks and credit unions
#10 of 20 in Waterloo, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Security State Bank
Beginning in 1962 as First National Bank of Evansdale, First Security State Bank is owned by Evans Bancshares, Inc.
The bank expanded to Cedar Falls in October 2003, serving the Cedar Valley with two branch locations.
First Security State Bank specializes in transportation financing, including commercial semi trucks and aircraft.
- Headquarters
- 3600 Lafayette Rd, Evansdale, IA 50707
- FDIC certificate
- 18508 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
- First Security State BankMain office3600 Lafayette Rd, Evansdale, IA 50707Directions
- Cedar Falls Branch3229 Greenhill Cir, Cedar Falls, IA 50613Directions
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 | 14.90% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 3.11% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 1.03% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $84 | $67 | — |
- CapitalLeverage ratio14.90%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent3.11%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets1.03%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$84Peers’ middle $67
Compared with the 546 banks with under $100 million 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 Security State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.