Bank · FDIC insured
Washington State Bank
A $601.1M bank headquartered in Washington, IA, with 5 branches in Iowa. Best rates: CDs 4.45% and savings 0.30% APY.
Washington State Bank Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#10 of 21 in Iowa City, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Washington State Bank
Originally chartered in 1932 in Washington, Iowa, Washington State Bank is a locally owned and operated community bank.
The bank serves the communities and surrounding areas of Fairfield, Columbus Junction, and Pella, Iowa.
- Headquarters
- 121 S Marion Ave, Washington, IA 52353
- FDIC certificate
- 214 ↗
Branches
5 branches in Iowa
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Iowa
5 branches
Iowa City area · 2
- Washington State BankMain office121 S Marion Ave, Washington, IA 52353Directions
- Parking Lot Branch303 West Washington Street, Washington, IA 52353Directions
Columbus Junction area · 1
- Columbus Junction State Bank Branch134 Main St, Columbus Junction, IA 52738Directions
Fairfield area · 1
- Fairfield Branch1706 W Burlington Ave, Fairfield, IA 52556Directions
Pella area · 1
- Pella Branch703 Main St, Pella, IA 50219Directions
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 | 12.48% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.49% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.39% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $72 | $81 | — |
- CapitalLeverage ratio12.48%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.49%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.39%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$72Peers’ 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 Washington State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.