Charter Bank


5526 N.W. 86th Street
Johnston, IA 50131
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.85% →
1-Year CD 0.80% 0.75% →
2-Year CD 0.65% 0.80% →
5-Year CD 0.65% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Charter Bank is an FDIC insured institution located in Johnston, IA. It was founded in 1998 and has approximately $0.21 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34686
Date Established 1998
Assets $ 208.20 million
Loans $ 105.46 million
Deposits $ 186.43 million
Capital $ 21.41 million

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

Deposit Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.25% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.80% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Charter Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.816% 2.750%
0.88 points
$2,145 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Charter Bank
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Climate Initiatives

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

Financial Details

Charter Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Charter Bank. 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
Charter Bank U.S. Bank Average
0% 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, Charter Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,414,000 in equity and $997,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Charter Bank U.S. Bank Average
16.93% 11.29%

Charter Bank has a Return on Equity of 16.93% 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.

Charter Bank U.S. Bank Average
10.29% 11.72%

Charter Bank has a Capitalization of 10.29% 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.

Charter Bank Balance Sheet Analysis

As of June 30, 2021, Charter Bank had assets of $208,199,000, loans of $105,457,000, and deposits of $186,429,000. 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 $ 36.80 million
Interest-bearing balances $ 32.50 million
Total securities $ 60.10 million
Federal funds sold and reverse repurchase $ 0.63 million
Net loans and leases $ 105.46 million
Loan loss allowance $ 1.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.01 million
     Total Assets $ 186.79 million
Total deposits $ 186.43 million
      Interest-bearing deposits $ 127.56 million
      Deposits held in domestic offices $ 186.43 million
      % insured (estimated) 85.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.36 million
      Total Liabilities $ 186.79 million
      Shareholders’ Equity $ 21.41 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 2.63 million
Total Interest Expense $ 0.37 million
Net interest income $ 2.26 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.36 million
Total non interest expense $ 1.75 million
Pre-tax Net Operating Income $ 1.87 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Charter Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 32.36
Credit Card Loans 0.00
Consumer Auto Loans 3.96
Small Business Loans 14.79
Construction and Development Loans 7.58
Commercial Real Estate 29.05
Commercial and Industrial Loans 19.24
Farm Loans 2.65

Frequently Asked Questions About Charter Bank

Branches and Savings

Is Charter Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34686.

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

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

Why are Charter Bank CD rates not competitive?

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

Is Charter Bank a commercial bank?


Where are Charter Bank locations?

See branch locations nearby.

Is Charter Bank open on Saturdays?

Is Charter Bank open on Sundays?

What time does Charter Bank open?

What time does Charter Bank close?

Are Charter Bank ATMs Open 24/7?

Do Charter Bank ATMs accept cash deposits?

Can Charter Bank customers use other ATMs?

Do Charter Bank branches have notaries?

Will Charter Bank notarize my document?

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

Will the Charter Bank branch print checks?

Do Charter Bank checks expire?

Does Charter Bank require US citizenship to open account?

Can Charter Bank close my account?

Does Charter Bank Report to credit bureaus?

Does Charter Bank Use Equifax?

What is Charter Bank's ACH Routing Number?

What is Charter Bank's SWIFT code?


Does Charter Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Charter Bank offer personal loans?

Compare personal loan rates here.

Does Charter Bank offer student loans?

Will Charter Bank cash a check?

Will Charter Bank redeem a savings bond?

Does Charter Bank cash savings bonds?

Will Charter Bank cash money orders?

Can Charter Bank issue a money order?

Does Charter Bank do currency exchange?

Background on The Bank

Who owns Charter Bank?

How long has Charter Bank been around?

Can Charter Bank transfer to other banks?

Does Charter Bank have quick pay?

Does Charter Bank accept rolled coins?

Will Charter Bank accept loose change?

Where is Charter Bank headquarters?

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