Bank 1st

115 North Vine Street
West Union, IA 52175


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13816
Date Established 1934
Assets $0.12 billion
Loans $0.09 billion
Deposits $0.10 billion
Capital $0.02 billion

Bank 1st is an FDIC insured institution located in West Union, IA. It was founded in 1934 and has approximately $0.12 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Bank 1st's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 $49,999 Learn MoreShow Less
0.90% $2,500 $24,999 Learn MoreShow Less
6 Mo CD
1.12% $100,000 - Learn MoreShow Less
1.20% $2,500 $24,999 Learn MoreShow Less
12 Mo CD
1.42% $100,000 - Learn MoreShow Less
1.40% $2,500 $24,999 Learn MoreShow Less
18 Mo CD
1.62% $100,000 - Learn MoreShow Less
1.50% $2,500 $24,999 Learn MoreShow Less
24 Mo CD
1.73% $100,000 - Learn MoreShow Less
1.71% $2,500 $24,999 Learn MoreShow Less
36 Mo CD
1.93% $100,000 - Learn MoreShow Less
2.26% $2,500 $24,999 Learn MoreShow Less
60 Mo CD
2.48% $100,000 - Learn MoreShow Less

1.51% $25 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.41% $25 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,500 - Learn MoreShow Less

Loan Rates - August 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank 1st

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.527% 3.500% 0.38 $852 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Bank 1st
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Bank 1st branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Bank 1st Locations

Financial Details

Bank 1st Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank 1st. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank 1st U.S. Bank Average
0.93% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Bank 1st had $172,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,050,000 in equity and $1,400,000 in loans loss reserves. That gives it a Texas Ratio of 0.93%.

Return on Equity
Bank 1st U.S. Bank Average
12.12% 9.47%

Bank 1st has a Return on Equity of 12.12% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank 1st U.S. Bank Average
14.2% 12.49%

Bank 1st has a Capitalization of 14.2% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank 1st Balance Sheet Analysis

As of March 31, 2019, Bank 1st had assets of $120,059,000, loans of $88,709,000, and deposits of $101,753,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.10 billion
Total deposits $0.10 billion
      Interest-bearing deposits $0.09 billion
      Deposits held in domestic offices $0.10 billion
      % insured (estimated) 80.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.10 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Bank 1st’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Iowa, Bank 1st has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.58
Credit Card Loans 0.29
Consumer Auto Loans 1.75
Small Business Loans 0.00
Construction and Development Loans 1.84
Commercial Real Estate 18.77
Commercial and Industrial Loans 3.92
Farm Loans 27.14

Frequently Asked Questions About Bank 1st

Branches and Savings

Is Bank 1st FDIC insured?

Yes. It is covered under FDIC Certificate #13816.

Why does Bank 1st pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank 1st CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank 1st a commercial bank?


Where are Bank 1st locations?

See branch locations nearby.

Is Bank 1st open on Saturdays?

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Are Bank 1st ATMs Open 24/7?

Do Bank 1st ATMs accept cash deposits?

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Do Bank 1st branches have notaries?

Will Bank 1st notarize my document?

What address for Bank 1st should I put for incoming ACH transfers?

Will the Bank 1st branch print checks?

Do Bank 1st checks expire?

Does Bank 1st require US citizenship to open account?

Can Bank 1st close my account?

Does Bank 1st Report to credit bureaus?

Does Bank 1st Use Equifax?

What is Bank 1st's ACH Routing Number?

What is Bank 1st's SWIFT code?


Does Bank 1st offer mortgages?

Compare mortgage rates here.

Does Bank 1st offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank 1st offer personal loans?

Compare personal loan rates here.

Does Bank 1st offer student loans?

Will Bank 1st cash a check?

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Does Bank 1st cash savings bonds?

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Can Bank 1st issue a money order?

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Background on The Bank

Who owns Bank 1st?

How long has Bank 1st been around?

Can Bank 1st transfer to other banks?

Does Bank 1st have quick pay?

Does Bank 1st accept rolled coins?

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