Bank · FDIC insured
First State Bank
A $125.9M bank headquartered in Britt, IA, with 2 branches in Iowa. Best rates: CDs 2.37% and savings 0.50% APY.
First State Bank Carrot Score
63
Carrot Score
Higher than 10% of U.S. banks and credit unions
#126 of 142 in IowaHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First State Bank
Established in 1927, First State Bank is an independent community bank headquartered in Britt, Iowa, with two locations serving North Central Iowa in Britt and Woden.
- Headquarters
- 183 Main Ave N, Britt, IA 50423
- FDIC certificate
- 8522 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
Britt area · 1
- First State BankMain office183 Main Ave N, Britt, IA 50423Directions
Woden area · 1
- Woden Branch124 Main, Woden, IA 50484Directions
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 | 17.71% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.44% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $55 | $81 | — |
- CapitalLeverage ratio17.71%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.44%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$55Peers’ 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 State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.