This institution is no longer active

Operations ceased on March 26, 1993. CRA examination history below reflects the period it was active.

WELLMAN SAVINGS BANK

WELLMAN, IA · Supervised by FDIC

Est. 1889FDIC #14,068RSSD: FDIC-14068

Part ofWELLMAN INVESTMENT CO→ View all charters

Outstanding

Current rating · Exam: August 1990

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 1.14%

Institution Profile

FDIC BankFind

Address

229 Eighth Avenue, WELLMAN, IA

County

Washington County

Established

August 15, 1889

Total Assets

$27M(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

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

August 26, 1990

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 Q4 1992Call Report / FDIC

Total Assets

$27M

Total Deposits

$24M

Net Loans

$8M

Net Income

$299K

ROA

1.14%

ROE

11.37%

Risk-Based Capital

29.27%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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