Lending Products

Agricultural Loans

These type of loans are used for the purchase and/or operation of a farm, including livestock purchases, machinery purchases, etc.  The terms of the loans are scheduled for repayment based on the cash flow of each operation. First State Bank uses the Farm Service Agency (FSA) loan guarantee programs to assist applicants who do not qualify for ag loans on traditional terms, in obtaining operating, machinery, breeding stock funds, etc. Some of these loans are eligible for interest assistance from the government by reducing the interest rate below market terms. First State Bank also participates in the State of Iowa "Beginning Farmer" Loan Program. This program allows a beginning farmer to obtain loans at below market rates for the life of the loan.

Commercial Loans

These types of loans are used for the purchase and/or development of new or existing businesses. All loans can be structured to meet the cash flow needs of your business. First State Bank uses the Small Business Administration (SBA) Guaranteed Loan Program for applicants not meeting traditional loan requirements. These loans can be used to assist those applicants who desire to purchase or start a new business. First State Bank also participates in the State of Iowa LINK loans that have been used to allow women, minorities or targeted small businesses to receive loans at below market interest rates.

Residential Real Estate Loans

First State Bank offers a variety of home financing products and will assist in selecting the mortgage loan plan that best fits your financial goals. Financing options available:

  • First-time homebuyer programs
  • Secondary market financing
  • Long-term fixed rate loans
  • Construction loan / home improvement

First State Bank is an Equal Housing Lender.

For additional information and current interest rates, please contact Shelly Boyle or Lydia Peterson.  

Consumer Loans

First State Bank offers a variety of consumer loan options at competitive rates with varying terms to fit your credit needs. Consumer loans extend credit to customers for such reasons as:

  • Auto loans
  • Home improvement
  • Education loans
  • Recreational vehicles & boats
  • Vacations
  • Home furnishings
  • Home equity loans
  • Special purchase

For additional information about our consumer loans, please contact us or visit with a loan officer at your local branch.