| Bank Cert #214

Washington State Bank

Iowa JSON

Institution Profile

Address: 121 S Marion Ave Washington, IA 52353
Website:

Visit Website →

FDIC Profile:

View on FDIC →

Established:

4/18/1932

Branches:

5

Branches by Region
IA 5

Financial Overview

Total Assets
$588.90M
Total Deposits
$519.92M
Total Loans
$348.32M
Equity Capital
$42.95M
Employees
55
Allowance for Loan Losses
$4.75M

Performance Ratios

Net Worth Ratio
7.29%
Loan-to-Deposit Ratio
66.99%
Coverage Ratio
1.36% Allowance / Total Loans
Net Income
$7.83M
Return on Assets (ROA)
1.35%
Return on Equity (ROE)
19.57%

Assets, Loans & Deposits Over Time

Assets, Loans & Deposits Over Time

Total Assets: +60.92% Total Deposits: +80.65% Total Loans: +40.53% since 2020 Q1

Employee Growth

Employee Growth

Employees: +17.02% since 2020 Q1

Loan Portfolio Breakdown

Current outstanding balances by loan type

1-4 Family Residential
$173.17M 49.7%
Farmland
$57.63M 16.6%
Commercial Real Estate
$34.23M 9.8%
Agricultural
$30.90M 8.9%
Commercial & Industrial
$21.04M 6.0%
Multifamily
$16.22M 4.7%
Construction
$11.77M 3.4%
Other Consumer
$1.29M 0.4%
Auto Loans
$1.17M 0.3%
Municipal
$711,000 0.2%

Portfolio Distribution

Net Income Trend

Net Income Trend

Net Income: +635.40% since 2020 Q1

Historical Data Table

QuarterTotal AssetsTotal DepositsTotal LoansNet IncomeEmployees
2025 Q4 $588.90M $519.92M $348.32M $7.83M 55
2025 Q3 $592.76M $526.76M $344.39M $5.96M 52
2025 Q2 $568.07M $508.74M $331.45M $4.11M 53
2025 Q1 $568.13M $501.61M $329.01M $1.99M 50
2024 Q4 $576.64M $511.62M $322.50M $7.05M 51
2024 Q3 $568.74M $492.52M $314.66M $5.79M 52
2024 Q2 $567.99M $489.38M $309.46M $4.11M 50
2024 Q1 $567.50M $489.52M $306.34M $2.08M 49
2023 Q4 $563.32M $483.04M $300.03M $7.57M 48
2023 Q3 $548.51M $472.02M $288.85M $5.78M 47
2023 Q2 $546.31M $458.80M $278.56M $3.90M 47
2023 Q1 $546.19M $459.30M $265.19M $2.09M 48
2022 Q4 $525.35M $456.08M $263.41M $6.75M 46
2022 Q3 $514.65M $449.56M $255.40M $5.16M 43
2022 Q2 $507.10M $448.49M $241.00M $3.38M 46
2022 Q1 $492.48M $445.20M $227.78M $1.71M 44
2021 Q4 $484.09M $421.92M $226.54M $5.55M 48
2021 Q3 $469.87M $393.85M $249.78M $4.30M 48
2021 Q2 $444.51M $376.51M $240.06M $2.98M 46
2021 Q1 $427.16M $361.79M $274.11M $1.45M 46
2020 Q4 $421.08M $342.98M $286.12M $4.53M 47
2020 Q3 $401.14M $334.19M $275.83M $3.47M 47
2020 Q2 $395.31M $327.75M $270.92M $2.26M 48
2020 Q1 $365.96M $287.80M $247.86M $1.06M 47