Total Assets
$739.9M
Total Deposits
$619.8M
Branches
8
Established
1864
First Bank is a bank headquartered in Waverly, Iowa, established in 1864. It holds $739.9M in total assets across 8 branch locations. In our editorial opinion, based on public FDIC/NCUA data, First Bank earns a TFS Financial Health Grade of A (92.1/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
92.1 / 100
Excellent financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| First BankHQ | 316 E Bremer Ave | Waverly | IA | 11 |
| First Bank | 602 Main St | Cedar Falls | IA | 11 |
| First Bank | 322 Central Ave E | Clarion | IA | 11 |
| First Bank | 201 W Broadway St | Eagle Grove | IA | 11 |
| First Bank | 435 N Main St | Goldfield | IA | 11 |
| First Bank | 620 1st St | Plainfield | IA | 11 |
| First Bank | 1922 5th Ave Nw | Waverly | IA | 29 |
| First Bank | 921 W Bremer Ave | Waverly | IA | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
92.1
Tier 1 capital ratio
12.72%
Return on assets
1.54%
Non-performing loans
0.54%
Efficiency ratio
47.98%
Asset growth (YoY)
1.80%
Des Moines, IA
$7.8B
$768.3M
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.