Bank Iowa


1225 Jordan Creek Parkway, Suite 200
West Des Moines, IA 50266
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 0.85% →
1-Year CD 0.25% 0.75% →
2-Year CD 0.38% 0.80% →
5-Year CD 0.55% 1.25% →
30-Year Mortgage 3.83% 2.72% →
15-Year Mortgage 3.32% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank Iowa is an FDIC insured institution located in West Des Moines, IA. It was founded in 1923 and has approximately $1.71 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 14521
Date Established 1923
Assets $ 1,709.19 million
Loans $ 1,129.96 million
Deposits $ 1,496.46 million
Capital $ 159.41 million

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.

Deposit Rates - October 21, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.04% $1,000 - Learn More
Money Market
0.04% $1 $24,999 Learn More
Money Market
0.06% $25,000 $99,999 Learn More
6 Mo CD
0.20% $500 - Learn More
12 Mo CD
0.25% $500 - Learn More
18 Mo CD
0.32% $500 - Learn More
24 Mo CD
0.38% $500 - Learn More
30 Mo CD
0.40% $500 - Learn More
36 Mo CD
0.45% $500 - Learn More
48 Mo CD
0.52% $500 - Learn More
60 Mo CD
0.55% $500 - Learn More

Fixed IRA
0.25% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.25% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $9,999 Learn MoreShow Less

Loan Rates - October 21, 2021

Your Current Location: Connecticut, CT 06828

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.


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Bank Iowa Locations

Climate Initiatives

Bank Iowa is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
5.16% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 June 30, 2021, Bank Iowa had $9,201,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $159,405,000 in equity and $19,047,000 in loans loss reserves. That gives it a Texas Ratio of 5.16%.

Return on Equity
Bank Iowa U.S. Bank Average
13.85% 11.29%

Bank Iowa has a Return on Equity of 13.85% versus the BestCashCow average of 11.29%. 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
9.33% 11.72%

Bank Iowa has a Capitalization of 9.33% versus the BestCashCow average of 11.72. 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 June 30, 2021, Bank Iowa had assets of $1,709,193,000, loans of $1,129,962,000, and deposits of $1,496,459,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 50.85 million
Interest-bearing balances $ 36.18 million
Total securities $ 462.36 million
Federal funds sold and reverse repurchase $ 0.02 million
Net loans and leases $ 1,129.96 million
Loan loss allowance $ 19.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.20 million
All other assets $ 39.97 million
     Total Assets $ 1,549.79 million
Total deposits $ 1,496.46 million
      Interest-bearing deposits $ 1,125.41 million
      Deposits held in domestic offices $ 1,496.46 million
      % insured (estimated) 70.79%
Federal funds purchased and repurchase agreements $ 13.18 million
Trading liabilities N.A.
Other borrowed funds $ 32.00 million
Subordinated debt N.A.
All other liabilities $ 8.15 million
      Total Liabilities $ 1,549.79 million
      Shareholders’ Equity $ 159.41 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 29.86 million
Total Interest Expense $ 2.05 million
Net interest income $ 27.81 million
Provision for loan and lease losses $ 1.50 million
Total non interest income $ 5.42 million
Total non interest expense $ 20.37 million
Pre-tax Net Operating Income $ 11.36 million

Bank Loan Profile?

The top three loan types in Bank Iowa’s loan portfolio are Commercial Real Estate, Farm Loans, 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 12.08
Credit Card Loans 0.07
Consumer Auto Loans 0.52
Small Business Loans 5.72
Construction and Development Loans 6.05
Commercial Real Estate 23.23
Commercial and Industrial Loans 11.53
Farm Loans 14.22

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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