1st State Bank

What 1st State Bank does

1st State Bank, operating under DBAs Dayspring Bank, 1st State Bank, and 1st Bank, is a privately held community bank headquartered in Gothenburg, Nebraska, with a continuous operating history dating to the early 1900s (over 100 years). The bank is an FDIC-insured depository institution serving personal, business, and agricultural customers across Nebraska and surrounding regions, with agricultural banking explicitly identified as the primary vertical. Its product portfolio spans personal banking (checking, savings, loans, credit cards), business banking (business checking, loans, merchant services, dedicated online portal), agricultural lending (farm and ranch operating credit and term financing), mortgage origination, and an in-house Insurance & Investments agency. The bank's distribution combines physical branch locations in Nebraska with a digital platform that includes online banking (dayspringbank.net), a dedicated business portal (dayspringbank.biz), mobile remote deposit capture, Zelle P2P payments, and surcharge-free access to the MoneyPass ATM network.

The revenue model is grounded in traditional community bank mechanics: net interest income from personal, business, agricultural, and mortgage lending constitutes the core stream, supplemented by transaction fees on deposit accounts and credit cards, mortgage origination fees, and professional services revenue from the insurance and investments agency. The go-to-market is relationship-led and sales-driven, with the bank emphasizing personal customer knowledge and custom solutions rather than digital self-service as the primary acquisition motion. Pricing is not publicly disclosed; account-level fee structures and interest rates require direct inquiry. The technology stack is a conventional digital banking platform with third-party integrations (Zelle, MoneyPass) and a website built and maintained by an external design partner (Fruitful Design & Strategy); no proprietary technology, AI/ML capabilities, APIs, SDKs, or mobile applications are evidenced.

Strategic posture is that of a stable, multi-generational community bank pursuing measured digital and product modernization. The most material capital event in the available record is a $12,000,000 funding round dated October 2019 (investors undisclosed), which is consistent with balance sheet expansion or growth investment in a sub-$1B-asset institution. The bank employs 101-250 people and operates without disclosed M&A activity, leadership changes, or restructuring events in the available data.

Name

1st State Bank

Legal name

Dayspring Bank

Website

https://1st.bank

Company type

Private

Founded year

1906

Operating status

Operating

Headcount range

101–250 employees

Short description

1st State Bank (Dayspring Bank) is a privately held, FDIC-insured community bank headquartered in Gothenburg, Nebraska, providing personal, business, and agricultural banking services across Nebraska and surrounding regions through branches, online and mobile platforms, and Zelle/MoneyPass integrations.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Community banking
• Agricultural lending
• Consumer banking
• Small business banking
• Mortgage origination

Headquarters

HQ city

Gothenburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: Traditional banking revenue generated from interest earned on loans including personal, business, and agricultural loans, as well as mortgages. This forms the core revenue stream for the bank.
2. Deposit and Checking Account Fees: Fees associated with checking accounts, savings accounts, and other deposit products for personal and business customers.
3. Mortgage Origination: Revenue from mortgage lending services including origination, potentially including servicing rights and origination fees.
4. Insurance and Investments: Revenue from insurance products and investment services offered through the bank's agency, providing financial products to customers.
5. Credit Card Services: Revenue generated from credit card products offered to customers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

1st State Bank (operating as Dayspring Bank) is a community bank that provides deposit accounts (checking, savings), consumer and commercial loans, agricultural lending, mortgage origination, credit cards, and insurance and investment products to individuals, small businesses, and farm/ranch operations in Nebraska and surrounding regions. Services are delivered through branch locations and an online/mobile digital banking platform that supports remote deposit, bill pay, and Zelle peer-to-peer payments.

Product overview

Dayspring Bank offers a comprehensive suite of banking products and services across three main segments: personal, business, and agricultural banking. The bank's core product portfolio includes Personal Banking (checking, savings, loans), Business Banking, Agriculture Banking (with over 100 years of experience), Mortgage services, Insurance & Investments, and Credit Cards. Digital Banking capabilities are delivered through Online Banking and Business Online platforms, enabling customers to access accounts, transfer funds, and manage finances digitally. The bank operates as a traditional FDIC-insured community bank serving Nebraska and beyond.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Checking, savings, and loan products designed to help individuals and families plan their future and reach personal financial goals.
• Business Banking Banking services and tools designed to help businesses launch or grow, including business checking, business loans, merchant services, and dedicated business online banking support.
• Agriculture Banking Specialized banking services for farmers and ranchers with over 100 years of partnership experience, supporting long-lasting agricultural operations through agricultural loans, farm and ranch financing, and operational credit lines.
• Mortgage Home loan and mortgage financing services for purchasing or refinancing real estate, generating origination and servicing revenue for the bank.
• Credit Cards Credit card products offered to personal and business banking customers, generating transaction-based revenue.
• Insurance & Investments Agency services offering insurance products and investment solutions through the bank's affiliated agency, providing financial products to personal and business customers.
• Digital Banking Online and mobile banking services providing account access, transfers, bill pay, and remote deposit capture for personal and business customers.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core, standard and minor.

• FDIC (Federal Deposit Insurance Corporation)coreOthersDayspring Bank is a member of the FDIC, which provides deposit insurance protection for bank customers up to the insured amount, ensuring depositor confidence and regulatory standing.
• ZELLEstandardTechnology or IntegrationIntegrated ZELLE peer-to-peer payment service allowing customers to send money to others using just an email or phone number, enhancing digital payment capabilities.
• MoneyPassstandardTechnology or IntegrationATM network partnership providing customers surcharge-free access to MoneyPass ATMs nationwide, expanding cash access beyond bank-owned machines.
• Fruitful Design & StrategyminorOthersWebsite design and development partner responsible for the bank's digital platform and online presence.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• First National Bank of Omaha: Large Nebraska-headquartered bank offering personal, business, and agricultural banking across the same regional footprint as Dayspring; directly comparable in product mix and geography, though materially larger in scale.
• Pinnacle Bank: Nebraska community bank with personal, business, and agricultural lending across the state; closely comparable business model, customer segments, and geographic focus to Dayspring Bank.
• Great Western Bank: Midwest regional bank serving agricultural and small-business customers across multiple states including Nebraska; comparable in target segments and product breadth, with broader geographic reach.
• Cornerstone Bank: Nebraska community bank offering personal, business, and ag lending with community-bank positioning; directly comparable in scale, segments, and relationship-driven model.
• Adams Bank and Trust: Nebraska-based community bank with personal, business, and agricultural lending focus; directly comparable in product mix, customer base, and regional concentration.
• Flatwater Bank: Nebraska community bank serving personal and agricultural customers in the same regional market; directly comparable in scale, customer focus, and community-bank positioning.

Regional players

• Heartland Bank: Midwest community bank serving agricultural and small-business customers across multiple states; comparable product offering but with a wider geographic footprint than Dayspring.

Broad incumbents

• Bank of the West: Large commercial bank with significant Nebraska and Midwest presence offering personal, business, and agricultural products; broad incumbent with overlapping capabilities but greater scale and product breadth.
• U.S. Bank: National commercial bank with extensive Nebraska branch network covering personal, business, mortgage, and agricultural lending; broad incumbent competing in the same segments as Dayspring at greater scale.
• Wells Fargo: National bank with full-service personal, small business, and agricultural banking products across Nebraska; broad incumbent competing on scale, technology, and product breadth vs. community banks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/1stStateBank
• Facebookfacebook.com/1stStateBank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st State Bank