Where Community Matters

About Us

First State Bank's product line and service culture is unmatched in banking today. We take a great interest in providing you with cutting-edge products and services. We take the time to find out how we might better service all of your financial needs.

We are proud to be a small town community bank. We are a bank where customers are known by name and where our banking professionals take great pride in helping you with your financial decisions. Decisions are made locally here at FSB, so you can talk directly to the decision-makers! At First State Bank you will receive the friendly, hometown care that you have grown to expect.

Established in 1927, First State Bank has been adamant about putting community first. Our banking staff participates in a wide variety of community activities, such as the Lions Club, the community school board, and area development.

First State Bank has two convenient locations to serve you in North Central Iowa - Britt and Woden... so stop in and see how we can help make money management a little bit easier.

Statement of Condition - 2013

Consolidated Balance Sheet(in thousands)

Assets December 31, 2012 December 31, 2013
Cash and Due from Banks $    3,496

$    2,678

Securities 53,853 52,821
Federal Funds Sold
6,761 0
Loans (Net of Valuation Reserves)
38,072 43,348
Bank Premises and Equipment 708 702
Other Assets
671 964
TOTAL ASSETS $103,561 $100,603
Liabilities & Stockholder Equity December 31, 2012 December 31, 2013
Deposits $    85,611

$    79,589

Accrued Taxes and
Other Liabilities

6,479 10,038
Capital Stock
610 610
Surplus
1,390 1,390
Undivided Profits & Reserves
9,471 8,976
TOTAL LIABILITY
& EQUITY
$103,561 $100,603

Explore our Checking Account Options

Learn about our checking accounts and find the right one for your specific needs

Checking

Homebuyer Grants

$3,500 towards down-payment for Qualified First-Time Homebuyers

Home Loans