First Security Bank and Trust Company
Charles City, Iowa, Floyd County
$538M in total assets, the 1,729th largest of 4,309 US banks and 56th of 227 headquartered in Iowa.
- FDIC certificate
- 1852
- Established
- 1903
- Owned by
- Cedar Valley Bankshares Ltd
- Primary regulator
- FDIC
- Website
- www.1stsecurity.bank
At a glance
Compared with 166 banks headquartered in Iowa with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $538M | 83% | $277M | |
| Loans | $347M | 78% | $192M | |
| Deposits | $469M | 85% | $234M | |
| Return on assets | 0.59% | 4% | 1.34% | |
| Net interest margin | 3.55% | 42% | 3.65% | |
| Efficiency ratio | 84.1% | 98% | 55.3% | |
| Equity to assets | 10.40% | 45% | 10.59% | |
| Loans to deposits | 74% | 33% | 83% |
Growth
Total assets grew -1.9% a year over the last 5 years and 0.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2015 | Hampton State Bank Hampton, IA, an affiliate under the same holding company | $70M |
| Nov 2009 | First State Bank Riceville, IA, an affiliate under the same holding company | $62M |
| Nov 2009 | First State Bank Nora Springs, IA, an affiliate under the same holding company | $86M |
| Jan 1988 | Aredale State Bank Aredale, IA | $10M |
| Mar 1987 | The First State Bank Rockford, IA | $16M |
Where they operate
8 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Floyd County, IA | $275M | 45.8% | 1 of 4 |
| Franklin County, IA | $83M | 16.9% | 3 of 4 |
| Mitchell County, IA | $47M | 6.6% | 5 of 6 |
| Cerro Gordo County, IA | $37M | 2.0% | 8 of 9 |
| Worth County, IA | $27M | 12.1% | 3 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 8 branches since 2016 (16 to 8, −50.0%). 0 opened, 0 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 16 | |||
| 2016 | Closed Meservey and Swaledale | 0 | 2 | −2 | 14 |
| 2022 | Closed 3 in Iowa | 0 | 3 | −3 | 11 |
| 2026 through Q2 | Closed 3 in Iowa | 0 | 3 | −3 | 8 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 29% | 22% | |
| Farmland | 26% | 21% | |
| Agricultural | 14% | 16% | |
| Commercial real estate | 11% | 17% | |
| Multifamily | 7% | 3% | |
| Business (C&I) | 7% | 13% | |
| Consumer | 2% | 2% | |
| Construction and land | 2% | 4% | |
| Other | 3% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 69% | 49% | |
| Noninterest-bearing | 16% | 18% | |
| Time deposits | 15% | 33% |
Brokered deposits are 2.7% of deposits (peers 3.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.27% | 0.47% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 1.24% | 1.22% |
| Leverage ratio | 10.03% | 10.95% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Floyd County, IA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-security-bank-trust-charles-city-ia