First State Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First State Bank dates back to September 18, 1900, when Citizens State Bank opened its doors. After a good start, the bank was renamed First National Bank of Sumner on May 1, 1906. The bank survived the Great Depression and was one the few banks left in Iowa to reorganize after the Bank Holiday and the only one left in Sumner.

Its continued growth is reflected by the installation of its first ATM in 1985. In 1991 the Sumner branch office of the failed Statesman Savings and Loan was purchased. A change in the regulatory environment prompted the changing of the charter on June 23, 1993 and renaming the bank to First State Bank. Telephone banking was first available in 1995 and the banks website and Internet banking was added in 2001. And in 2004 with the purchase of another banks branch operation in Fayette, the bank expanded outside Sumner for the first time.

First State Bank offers the following account types to its valued customers: Checking, Savings, CD's. The bank offers Home Real Estate Loans, Commercial Real Estate Loans, Farm Real Estate Loans, Personal and Installment Loans, Commercial and Agricultural Loans.

Main Office
1150 West 1st Street
Sumner, IA
(563) 578-3312

Fayette Office
200 South Main
Fayette, IA
(563) 425-3395