This institution is no longer active

Operations ceased on July 1, 1991. CRA examination history below reflects the period it was active.

FIRST INTERSTATE BANK OF ALGONA

ALGONA, IA · Supervised by FDIC

Est. 1936FDIC #18,536RSSD: FDIC-18536

Part ofFIRST INTERSTATE OF IOWA INC→ View all charters

Satisfactory

Current rating · Exam: February 1991

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.06%

Institution Profile

FDIC BankFind

Address

1 East State Street, ALGONA, IA

County

Kossuth County

Established

April 20, 1936

Total Assets

$52M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 9, 1991

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 35 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 1991Call Report / FDIC

Total Assets

$52M

Total Deposits

$48M

Net Loans

$21M

Net Income

$272K

ROA

1.06%

ROE

13.58%

Risk-Based Capital

13.51%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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