Bank Iowa

1150 Jordan Creek Parkway
West Des Moines, IA 50266


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14521
Date Established 1923
Assets $1.27 billion
Loans $0.90 billion
Deposits $1.10 billion
Capital $0.11 billion

Bank Iowa is an FDIC insured institution located in West Des Moines, IA. It was founded in 1923 and has approximately $1.27 billion in assets. Customers can open an account at one of its 25 branches.

For a more detailed analysis of Bank Iowa's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank Iowa’s loan portfolio are Farm Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks, Bank Iowa’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.33
Credit Card Loans 0.05
Consumer Auto Loans 0.74
Small Business Loans 6.55
Construction and Development Loans 3.09
Commercial Real Estate 16.16
Commercial and Industrial Loans 9.58
Farm Loans 18.43

Deposit Rates - June 16, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.25% $1 $24,999 Learn MoreShow Less
Premium Money Market Account
0.40% $25,000 $99,999 Learn MoreShow Less
3 Mo CD
0.55% $500 - Learn MoreShow Less
6 Mo CD
1.06% $500 - Learn MoreShow Less
12 Mo CD
1.56% $500 - Learn MoreShow Less
Special: 13 Mo CD
2.53% $10,000 - Learn MoreShow Less
18 Mo CD
1.76% $500 - Learn MoreShow Less
24 Mo CD
1.81% $500 - Learn MoreShow Less
30 Mo CD
1.91% $500 - Learn MoreShow Less
36 Mo CD
1.93% $500 - Learn MoreShow Less
48 Mo CD
2.26% $500 - Learn MoreShow Less
60 Mo CD
2.41% $500 - Learn MoreShow Less

Fixed IRA
1.56% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.00% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $9,999 Learn MoreShow Less

Loan Rates - June 16, 2019

Your Current Location: Washington, WA 98109

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


Bank Iowa branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Bank Iowa Locations

Financial Details

Bank Iowa Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank Iowa. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank Iowa U.S. Bank Average
4.4% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Bank Iowa had $5,609,000 in non-current loans and $48,000 in owned real estate. To cover these potential losses it had $114,327,000 in equity and $14,179,000 in loans loss reserves. That gives it a Texas Ratio of 4.4%.

Return on Equity
Bank Iowa U.S. Bank Average
12.4% 8.80%

Bank Iowa has a Return on Equity of 12.4% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank Iowa U.S. Bank Average
8.98% 12.29%

Bank Iowa has a Capitalization of 8.98% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank Iowa Balance Sheet Analysis

As of December 31, 2018, Bank Iowa had assets of $1,273,574,000, loans of $898,081,000, and deposits of $1,102,807,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.01 billion
Total securities $0.29 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.90 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.04 billion
     Total Assets $1.16 billion
Total deposits $1.10 billion
      Interest-bearing deposits $0.83 billion
      Deposits held in domestic offices $1.10 billion
      % insured (estimated) 76.47%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.16 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.05 billion
Total Interest Expense $0.01 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Bank Iowa

Branches and Savings

Is Bank Iowa FDIC insured?

Yes. It is covered under FDIC Certificate #14521.

Why does Bank Iowa pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Iowa CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Iowa a commercial bank?


Where are Bank Iowa locations?

See branch locations nearby.

Is Bank Iowa open on Saturdays?

Is Bank Iowa open on Sundays?

What time does Bank Iowa open?

What time does Bank Iowa close?

Are Bank Iowa ATMs Open 24/7?

Do Bank Iowa ATMs accept cash deposits?

Can Bank Iowa customers use other ATMs?

Do Bank Iowa branches have notaries?

Will Bank Iowa notarize my document?

What address for Bank Iowa should I put for incoming ACH transfers?

Will the Bank Iowa branch print checks?

Do Bank Iowa checks expire?

Does Bank Iowa require US citizenship to open account?

Can Bank Iowa close my account?

Does Bank Iowa Report to credit bureaus?

Does Bank Iowa Use Equifax?

What is Bank Iowa's ACH Routing Number?

What is Bank Iowa's SWIFT code?


Does Bank Iowa offer mortgages?

Compare mortgage rates here.

Does Bank Iowa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Iowa offer personal loans?

Compare personal loan rates here.

Does Bank Iowa offer student loans?

Will Bank Iowa cash a check?

Will Bank Iowa redeem a savings bond?

Does Bank Iowa cash savings bonds?

Will Bank Iowa cash money orders?

Can Bank Iowa issue a money order?

Does Bank Iowa do currency exchange?

Background on The Bank

Who owns Bank Iowa?

How long has Bank Iowa been around?

Can Bank Iowa transfer to other banks?

Does Bank Iowa have quick pay?

Does Bank Iowa accept rolled coins?

Will Bank Iowa accept loose change?

Where is Bank Iowa headquarters?

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