First State Bank Nebraska
First State Bank Nebraska is a privately held, 114-year-old community bank operating 23+ branches across eastern Nebraska, offering personal, business, and agricultural banking products with a Fiserv-based digital platform and SBA Preferred Lender status.
- Company typePrivate
- Founded1910
- HeadquartersLincoln, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What First State Bank Nebraska does
First State Bank Nebraska is a privately held, state-chartered community bank founded in 1910 and headquartered in Lincoln, Nebraska, operating 23+ branch and ATM locations across eastern Nebraska including Beatrice, Cedar Bluffs, Lincoln (Grainger and Old Cheney), Omaha, Plattsmouth, Wilber, and 16 other communities. The bank serves three primary customer segments: individual consumers (checking, savings, CDs, IRAs, mortgages, home equity, auto loans, credit cards), small to mid-size businesses (business checking, cash management, merchant processing, SBA loans, commercial loans, Remote Deposit Capture), and farmers and agribusinesses (crop and livestock operating loans, term loans, FSA loans, NIFA Beginning Farmer program). The institution is led by CEO Jerry Lentfer and operates two wholly-owned subsidiaries: First State Insurance Agency and Salt Creek Lending (a specialized commercial lending arm).
The bank's technology stack is built primarily on the Fiserv platform, providing online banking, a native iOS/Android mobile app, Card Central for in-app card controls, BizOnline for business cash management (with ACH origination, wire transfers, positive pay, and QuickBooks/Quicken export), and integrated services including Zelle P2P payments, MoneyPass surcharge-free ATM access, IntraFi ICS, CDARS, and CreditSense. The bank holds SBA Preferred Lender status, ranking #3 in Nebraska by loan volume in 2025, and is a USDA FSA Preferred Lender and NIFA partner. Operating subsidiaries extend the offering into insurance distribution and specialized commercial lending, while community programs (School Pride debit cards, Teach Kids to Save, First Step Savers) reinforce local market presence.
The business model is a traditional community bank revenue model driven primarily by net interest income (spreads on mortgages, commercial loans, agricultural loans, and consumer loans) supplemented by transaction-based fees including deposit account service charges ($35 overdraft, $4 paper statement fees), TransferNow and Bill Pay fees, and merchant processing revenue via Fiserv. Pricing is structured in tiered product families (First Rate Checking up to 6.05% APY, Good Timers Checking, Essential Checking, First Rate Savings 2.00% APY, Money Market up to 1.50% APY, CDs from 1.14% to 3.80% APY) with minimum-balance thresholds and account requirements that drive engagement. The holding company First State Holding Co. has raised approximately $34 million across exempt securities offerings in October 2020 and April 2022, supporting the bank's continued balance sheet growth.
First State Bank Nebraska firmographics
Firmographics- Name
- First State Bank Nebraska
- Legal name
- First State Bank Nebraska
- Website
- https://1fsb.bank
- Company type
- Private
- Founded year
- 1910
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- First State Bank Nebraska is a privately held, 114-year-old community bank operating 23+ branches across eastern Nebraska, offering personal, business, and agricultural banking products with a Fiserv-based digital platform and SBA Preferred Lender status.
- Ownership category
- akta.pro rank
First State Bank Nebraska industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Agricultural & Rural Development Banks (FSABAKAE)
- akta.pro secondary industry
- Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)
Keywords
Where First State Bank Nebraska is headquartered
LocationHeadquarters
- HQ city
- Lincoln
- HQ country
- United States
- HQ region
- North America
Offices23 records
Markets served
First State Bank Nebraska business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest earned on loans (mortgages, commercial loans, agricultural loans, consumer loans) minus interest paid on deposits. Primary revenue driver for community bank.
- Deposit Account Fees: Monthly service charges, overdraft fees ($35 per item), paper statement fees ($4), and ATM fees. Various account tiers with minimum balance requirements to waive fees.
- Transfer and Payment Fees: TransferNow fees ($2.50 standard, $5.00 next business day), Bill Pay fees ($3.95 per cycle for Essential Checking), and Zelle transfers
- Merchant Processing: Payment processing services for business merchants through Fiserv partnership. Revenue from transaction processing fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | First Rate Checking - High-yield checking with tiered APY up to 6.05% |
| Subscription | Monthly | Good Timers Checking - Interest-bearing account for investment customers |
| Subscription | Monthly | Essential Checking - Low-cost basic checking |
| Subscription | Monthly | First Rate Savings - High-yield savings with requirements |
| Subscription | Monthly | Money Market Savings - Tiered rates for larger balances |
| One time/ perpetual license | Pay-as-you-go | 9-Month CD Special |
| Subscription | Monthly | Business Checking - Three tiers from Simple to Diamond Analysis |
| One time/ perpetual license | Pay-as-you-go | Business CD - 18 and 24 month terms |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
First State Bank Nebraska product offering
Product offeringCore offering
First State Bank Nebraska is a community bank offering personal banking (checking, savings, CDs, IRAs, credit/debit cards, mortgages, home equity, auto loans), business banking (business checking, cash management, merchant processing, SBA and commercial loans), and agricultural banking (crop and livestock operating loans, term loans, FSA and NIFA programs). Services are delivered through 23+ branch and ATM locations across eastern Nebraska, online and mobile banking platforms, and wholly owned subsidiaries First State Insurance Agency and Salt Creek Lending.
Product overview
First State Bank Nebraska operates as a community bank offering a unified suite of personal, business, and agricultural banking products. The core offering spans personal checking and savings accounts (including the First Rate Checking high-yield account, Essential Checking, Perks Checking, and Good Timers Checking), various savings vehicles (First Rate Savings, Money Market, Health Savings Accounts), and Certificates of Deposit with IRA options. Lending products include mortgages, home equity, auto loans, SBA/commercial loans, and specialized agriculture loans (Crop & Livestock, FSA, NIFA programs). Electronic banking services are delivered through Online Banking, Mobile Banking App, Card Central, BizOnline, and Business Mobile App, with integrated payment services including Zelle, Visa/Mastercard processing, and MoneyPass ATM access. The bank's digital ecosystem also includes BaZing rewards, Notifi alerts, CreditSense credit monitoring, and Remote Deposit Capture for business customers.
Differentiator
Problem solved
Functional benefit
Brands
- Salt Creek Lending: Agricultural lending and financial services division focused on industry-specific financing solutions for farmers and ranchers.
- First State Insurance Agency
- First Rate Checking
- First Step Savers Program
Products and services
- Personal Banking Comprehensive personal banking services including checking, savings, CDs, IRAs, credit cards, and loans tailored to individual financial needs.
- First Rate Checking High-yield interest-earning checking account with tiered APY rates up to 6.05% when account requirements (e-statements, bill pay, debit card transactions, direct deposit) are met.
- Essential Checking Low-cost basic checking account with $100 minimum opening balance and $7 monthly service charge.
- Perks Checking Checking account with BaZing money-saving benefits including discounts, protection plans, and fuel rewards.
- Good Timers Checking Interest-bearing checking account for investment customers with tiered APY, free money orders, and safe deposit box discounts.
- First Rate Savings Interest-earning savings account with 2.00% APY when requirements are met, no monthly service charge, and $100 minimum opening.
- Money Market Savings Tiered savings account with rates from 0.10% to 1.50% APY based on balance levels and $2,500 minimum opening.
- Health Savings Account (HSA) Tax-advantaged account for high-deductible health plan enrollees to pay medical expenses with Visa debit card access.
- Certificates of Deposit (CDs) Fixed-rate term deposits with minimum requirements of $500 to $50,000 depending on term length, available from 1 month to 5 years.
- IRA Accounts Retirement savings including Traditional, Roth, Simple, and SEP IRA options with $100 minimum opening deposit.
- Mortgages Home purchase and refinance loans including fixed-rate mortgages, home purchase loans, construction loans, lot purchase, and land development.
- Home Equity Loans and Lines of Credit Lump-sum loans or revolving credit lines using home equity for one-time expenses or ongoing financing needs with fixed interest rates.
- Auto Loans Financing for new and used vehicle purchases with competitive rates, fixed monthly payments, and no pre-payment penalties.
- Credit Cards Visa and American Express credit cards including low-APR options for credit building and rewards cards with perk programs.
- Business Banking Business banking services including checking, savings, cash management, merchant processing, and business lending solutions.
- Business Checking (Simple, Preferred, Diamond Analysis) Three business checking tiers: Simple (no monthly fee, low activity), Preferred ($10 fee waived at $500 balance, 100 free items), and Diamond Analysis (earnings credit offset for high activity).
- Business Cash Management Services Online business banking features including security tokens, real-time balances, instant transfers, ACH origination, and user management.
- Merchant Processing Card payment processing through Fiserv partnership with no annual fee, 24/7 customer service, and check verification/guarantee.
- Remote Deposit Capture Business check scanning and online deposit service enabling businesses to make deposits without visiting a branch.
- Business Savings and Money Market Business savings, money market, and CD accounts with $100 to $2,500 minimum opening deposits.
- SBA Loans SBA 7(a), 504, and Express loans for small business working capital, equipment, real estate, and business acquisition. As an SBA Preferred Lender, ranked #3 by volume and #4 by number of loans in Nebraska in 2025.
- Commercial Loans Commercial lending for equipment purchases, real estate expansion, working capital, lines of credit, and business acquisition.
- Agriculture Banking Agricultural lending and banking services for farms and agribusinesses including crop, livestock, equipment, and real estate financing.
- Crop and Livestock Operating Loans Flexible financing for crop input expenses, livestock purchases, and feed expenses with customized terms.
- Agriculture Term Loans Financing for agricultural real estate purchase, equipment, and facility construction or improvement.
- FSA Loans
- NIFA Program Nebraska Investment Finance Authority Beginning Farmer/Rancher Loan Program for discounted-rate land, equipment, and operations financing.
- Online Banking 24/7 web-based account access for transaction history, fund transfers, bill pay, eStatements, and alerts.
- Mobile Banking App Native iOS and Android app for 24/7 account access, mobile deposits, transfers, bill pay, and ATM finder.
- BizOnline Business online banking platform with multi-account access, transfers, statement storage, ACH origination, wire transfers, positive pay, and QuickBooks/Quicken export.
- Business Mobile App Business banking app for approving bill pay, ACH, wire transfers, check deposits, and receiving real-time alerts.
- Salt Creek Lending Industry-specific financing solutions for financial advisors, part of First State's commercial lending offerings.
- First State Insurance Agency Insurance services subsidiary providing coverage options for personal and business customers.
Quantifiable outcome
- #3 SBA Lender in Nebraska by Volume, #4 by Number of Loans in 2025
Companies that use First State Bank Nebraska
Customer profileSegments4 records
Ideal customer profiles4 records
First State Bank Nebraska technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature4 records
First State Bank Nebraska partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- FiservcoreTechnology partnership providing online banking platform, mobile banking app, merchant processing services, and payment processing infrastructure for First State Bank Nebraska.
- MoneyPasscoreNationwide surcharge-free ATM network partnership providing customers access to thousands of ATMs across the US with no additional fees.
- Zelle (Early Warning Services)coreP2P payment service integrated into online and mobile banking allowing customers to send and receive money directly between bank accounts.
- U.S. Small Business Administration (SBA)coreSBA Preferred Lender offering SBA 7(a), SBA 504, and SBA Express loans. Ranked #3 SBA Lender by volume and #4 by number of loans in Nebraska in 2025.
- Nebraska Investment Finance Authority (NIFA)coreBeginning Farmer/Rancher Loan Program providing lower interest rates for first-time agricultural producers for land, equipment, and breeding livestock purchases.
- USDA Farm Service Agency (FSA)corePreferred FSA Lender providing agricultural credit programs for family farmers and ranchers with government guarantees enabling lower rates and longer terms.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
First State Bank Nebraska competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights7 records
Customer concentration
First State Bank Nebraska social profiles
Digital presenceFirst State Bank Nebraska compliance and trust
Trust signalCompliance4 records
First State Bank Nebraska financial estimates
Financial estimateRevenue estimate
Valuation estimate
First State Bank Nebraska leadership team
Management profileNumber of profiles
Profiles11 records
First State Bank Nebraska subsidiaries and ownership
Company hierarchySubsidiaries2 records
First State Bank Nebraska funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First State Bank Nebraska M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First State Bank Nebraska
What does First State Bank Nebraska do?
First State Bank Nebraska is a community bank offering personal banking (checking, savings, CDs, IRAs, credit/debit cards, mortgages, home equity, auto loans), business banking (business checking, cash management, merchant processing, SBA and commercial loans), and agricultural banking (crop and livestock operating loans, term loans, FSA and NIFA programs). Services are delivered through 23+ branch and ATM locations across eastern Nebraska, online and mobile banking platforms, and wholly owned subsidiaries First State Insurance Agency and Salt Creek Lending.
Is First State Bank Nebraska a public or private company?
First State Bank Nebraska is a private company. It is classified as unknown and is currently operating.
When was First State Bank Nebraska founded?
First State Bank Nebraska was founded in 1910. It employs 51 to 100 people.
Where is First State Bank Nebraska based?
First State Bank Nebraska is headquartered in Lincoln, United States, in the North America region.
How does First State Bank Nebraska make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are deposit Account Fees, transfer and Payment Fees and merchant Processing.
Does First State Bank Nebraska have an API?
No public API is recorded for First State Bank Nebraska.
What industry is First State Bank Nebraska in?
First State Bank Nebraska's product category is Community Banking. Its primary akta.pro industry code is FSABAKAE, Agricultural & Rural Development Banks, with a secondary code of FSALACAE, Government Wholesale Lending (FHA/VA/USDA). Its NAICS code is 52211 and its SIC code is 6022.