Federation Bank


102 East Main Street
Washington, IA 52353
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.20% 0.67% →
2-Year CD 0.50% 0.75% →
5-Year CD 0.90% 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

Federation Bank is an FDIC insured institution located in Washington, IA. It was founded in 1906 and has approximately $0.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 14352
Date Established 1906
Assets $ 154.81 million
Loans $ 85.13 million
Deposits $ 127.02 million
Capital $ 14.08 million

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

Deposit Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 25 Mo CD
1.00% $500 - Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
Special: 59 Mo CD
1.36% $500 - Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Special: 25 Mo FIRA
1.00% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 14, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Federation 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 (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$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 Federation Bank
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Federation Bank 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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Federation Bank Locations

Financial Details

Federation Bank Ratio Analysis

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

Texas Ratio
Federation Bank U.S. Bank Average
12.56% 5.49%

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 December 31, 2020, Federation Bank had $1,939,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,080,000 in equity and $1,364,000 in loans loss reserves. That gives it a Texas Ratio of 12.56%.

Return on Equity
Federation Bank U.S. Bank Average
9.48% 9.24%

Federation Bank has a Return on Equity of 9.48% versus the BestCashCow average of 9.24%. 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.

Federation Bank U.S. Bank Average
9.09% 11.96%

Federation Bank has a Capitalization of 9.09% versus the BestCashCow average of 11.96. 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.

Federation Bank Balance Sheet Analysis

As of December 31, 2020, Federation Bank had assets of $154,814,000, loans of $85,130,000, and deposits of $127,024,000. 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, 2020
Cash & Balances due from depository institutions $ 18.59 million
Interest-bearing balances $ 14.89 million
Total securities $ 41.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 85.13 million
Loan loss allowance $ 1.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.09 million
All other assets $ 5.64 million
     Total Assets $ 140.73 million
Total deposits $ 127.02 million
      Interest-bearing deposits $ 103.71 million
      Deposits held in domestic offices $ 127.02 million
      % insured (estimated) 86.00%
Federal funds purchased and repurchase agreements $ 6.50 million
Trading liabilities N.A.
Other borrowed funds $ 6.67 million
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 140.73 million
      Shareholders’ Equity $ 14.08 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 5.66 million
Total Interest Expense $ 0.87 million
Net interest income $ 4.80 million
Provision for loan and lease losses $ 0.26 million
Total non interest income $ 0.70 million
Total non interest expense $ 3.93 million
Pre-tax Net Operating Income $ 1.31 million

Bank Loan Profile?

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

Compared to other banks, Federation Bank’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 22.36
Credit Card Loans 0.00
Consumer Auto Loans 3.10
Small Business Loans 8.16
Construction and Development Loans 0.72
Commercial Real Estate 9.36
Commercial and Industrial Loans 13.82
Farm Loans 19.65

Frequently Asked Questions About Federation Bank

Branches and Savings

Is Federation Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14352.

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

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

Why are Federation Bank CD rates not competitive?

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

Is Federation Bank a commercial bank?


Where are Federation Bank locations?

See branch locations nearby.

Is Federation Bank open on Saturdays?

Is Federation Bank open on Sundays?

What time does Federation Bank open?

What time does Federation Bank close?

Are Federation Bank ATMs Open 24/7?

Do Federation Bank ATMs accept cash deposits?

Can Federation Bank customers use other ATMs?

Do Federation Bank branches have notaries?

Will Federation Bank notarize my document?

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

Will the Federation Bank branch print checks?

Do Federation Bank checks expire?

Does Federation Bank require US citizenship to open account?

Can Federation Bank close my account?

Does Federation Bank Report to credit bureaus?

Does Federation Bank Use Equifax?

What is Federation Bank's ACH Routing Number?

What is Federation Bank's SWIFT code?


Does Federation Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Federation Bank offer personal loans?

Compare personal loan rates here.

Does Federation Bank offer student loans?

Will Federation Bank cash a check?

Will Federation Bank redeem a savings bond?

Does Federation Bank cash savings bonds?

Will Federation Bank cash money orders?

Can Federation Bank issue a money order?

Does Federation Bank do currency exchange?

Background on The Bank

Who owns Federation Bank?

How long has Federation Bank been around?

Can Federation Bank transfer to other banks?

Does Federation Bank have quick pay?

Does Federation Bank accept rolled coins?

Will Federation Bank accept loose change?

Where is Federation Bank headquarters?

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