Defiance State Bank


201 Main Ave.
Defiance, IA 51527
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Defiance State Bank is an FDIC insured institution located in Defiance, IA. It was founded in 1951 and has approximately $0.04 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 17450
Date Established 1951
Assets $ 38.66 million
Loans $ 21.07 million
Deposits $ 31.67 million
Capital $ 3.53 million

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

Deposit Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Defiance State Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
NMLS ID: 2890
License#: 13256
2.636% 2.625%
0.13 points
$352 fees
$1,005 Learn More

Featured - Connecticut 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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 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 Defiance State Bank
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Financial Details

Defiance State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Defiance State 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
Defiance State Bank U.S. Bank Average
0% 5.29%

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 March 31, 2021, Defiance State Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,531,000 in equity and $181,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Defiance State Bank U.S. Bank Average
19.26% 11.43%

Defiance State Bank has a Return on Equity of 19.26% versus the BestCashCow average of 11.43%. 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.

Defiance State Bank U.S. Bank Average
9.13% 11.51%

Defiance State Bank has a Capitalization of 9.13% versus the BestCashCow average of 11.51. 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.

Defiance State Bank Balance Sheet Analysis

As of March 31, 2021, Defiance State Bank had assets of $38,660,000, loans of $21,073,000, and deposits of $31,674,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 10.65 million
Interest-bearing balances $ 9.21 million
Total securities $ 3.05 million
Federal funds sold and reverse repurchase $ 2.75 million
Net loans and leases $ 21.07 million
Loan loss allowance $ 0.18 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 $ 1.05 million
     Total Assets $ 35.13 million
Total deposits $ 31.67 million
      Interest-bearing deposits $ 25.94 million
      Deposits held in domestic offices $ 31.67 million
      % insured (estimated) 86.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.38 million
Subordinated debt N.A.
All other liabilities $ 0.08 million
      Total Liabilities $ 35.13 million
      Shareholders’ Equity $ 3.53 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 0.32 million
Total Interest Expense $ 0.03 million
Net interest income $ 0.29 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.11 million
Total non interest expense $ 0.24 million
Pre-tax Net Operating Income $ 0.16 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Defiance State Bank has a significantly higher percent of Consumer Auto Loans 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 17.16
Credit Card Loans 0.00
Consumer Auto Loans 6.91
Small Business Loans 0.00
Construction and Development Loans 1.71
Commercial Real Estate 11.61
Commercial and Industrial Loans 8.79
Farm Loans 23.08

Frequently Asked Questions About Defiance State Bank

Branches and Savings

Is Defiance State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17450.

Why does Defiance State Bank pay such low interest on savings accounts?

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

Why are Defiance State Bank CD rates not competitive?

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

Is Defiance State Bank a commercial bank?


Where are Defiance State Bank locations?

See branch locations nearby.

Is Defiance State Bank open on Saturdays?

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Are Defiance State Bank ATMs Open 24/7?

Do Defiance State Bank ATMs accept cash deposits?

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Will Defiance State Bank notarize my document?

What address for Defiance State Bank should I put for incoming ACH transfers?

Will the Defiance State Bank branch print checks?

Do Defiance State Bank checks expire?

Does Defiance State Bank require US citizenship to open account?

Can Defiance State Bank close my account?

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Does Defiance State Bank Use Equifax?

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What is Defiance State Bank's SWIFT code?


Does Defiance State Bank offer mortgages?

Compare mortgage rates here.

Does Defiance State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Defiance State Bank offer personal loans?

Compare personal loan rates here.

Does Defiance State Bank offer student loans?

Will Defiance State Bank cash a check?

Will Defiance State Bank redeem a savings bond?

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Background on The Bank

Who owns Defiance State Bank?

How long has Defiance State Bank been around?

Can Defiance State Bank transfer to other banks?

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Will Defiance State Bank accept loose change?

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