Where Community Matters

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 - 2018

Consolidated Balance Sheet(in thousands)

Assets December 31, ​2017 December 31, ​2018
Cash and Due from Banks $      2,605

$   ​1,950

Securities       51,468     ​​51,338
Federal Funds Sold
            ​114         ​683
Loans (Net of Reserves)
      ​51,079     ​​54,027
Bank Premises and Equipment            ​640          ​​789
Other Assets
          ​769         ​1,282
TOTAL ASSETS $ ​106,675 $ ​​110,069
Liabilities & Stockholder Equity December 31, ​2017 December 31, ​2018
Deposits $   ​85,453

$   ​​87,632

Accrued Taxes and
Other Liabilities

     ​ 8,522      ​​8,455
Capital Stock
          610           610
Surplus
       1,390        1,390
Undivided Profits & Reserves
       ​10,700        ​11,​982
TOTAL LIABILITY
& EQUITY
$ ​106,675 $ ​​110,069

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