Hiawatha Bank and Trust Company

Headquarters

777 N Center Point Rd
Hiawatha, IA 52233
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.55% 1.05% →
5-Year CD 1.21% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Hiawatha Bank and Trust Company is an FDIC insured institution located in Hiawatha, IA. It was founded in 1997 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34488
Date Established 1997
Assets $ 51.31 million
Loans $ 48.79 million
Deposits $ 38.58 million
Capital $ 6.56 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $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
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.21% $10,000 $14,999 Learn More
60 Mo CD
1.21% $100,000 $199,999 Learn More

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

Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hiawatha Bank and Trust Company

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 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

Note to Hiawatha Bank and Trust Company
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Branches

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

Your Location:
Fairfield,Connecticut


Hiawatha Bank and Trust Company Locations


Financial Details

Hiawatha Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hiawatha Bank and Trust Company. 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
Hiawatha Bank and Trust Company U.S. Bank Average
0.81% 6.94%

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, 2020, Hiawatha Bank and Trust Company had $0 in non-current loans and $58,000 in owned real estate. To cover these potential losses it had $6,564,000 in equity and $558,000 in loans loss reserves. That gives it a Texas Ratio of 0.81%.

Return on Equity
Hiawatha Bank and Trust Company U.S. Bank Average
9.38% 7.80%

Hiawatha Bank and Trust Company has a Return on Equity of 9.38% versus the BestCashCow average of 7.80%. 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.

Capitalization
Hiawatha Bank and Trust Company U.S. Bank Average
12.79% 12.68%

Hiawatha Bank and Trust Company has a Capitalization of 12.79% versus the BestCashCow average of 12.68. 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.

Hiawatha Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, Hiawatha Bank and Trust Company had assets of $51,309,000, loans of $48,788,000, and deposits of $38,581,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 0.50 million
Interest-bearing balances $ 0.03 million
Total securities $ 0.25 million
Federal funds sold and reverse repurchase $ 0.18 million
Net loans and leases $ 48.79 million
Loan loss allowance $ 0.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles N.A.
All other assets $ 0.84 million
     Total Assets $ 44.75 million
LIABILITIES
Total deposits $ 38.58 million
      Interest-bearing deposits $ 24.09 million
      Deposits held in domestic offices $ 38.58 million
      % insured (estimated) 86.68%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.55 million
Subordinated debt N.A.
All other liabilities $ 0.62 million
      Total Liabilities $ 44.75 million
      Shareholders’ Equity $ 6.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.65 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.54 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.04 million
Total non interest expense $ 0.37 million
Pre-tax Net Operating Income $ 0.21 million

Bank Loan Profile?

The top three loan types in Hiawatha Bank and Trust Company’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Iowa, Hiawatha Bank and Trust Company has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.83
Multifamily
Mortgages
3.39
Credit Card Loans 0.00
Consumer Auto Loans 1.11
Small Business Loans 0.00
Construction and Development Loans 18.51
Commercial Real Estate 20.13
Commercial and Industrial Loans 7.55
Farm Loans 5.24

Frequently Asked Questions About Hiawatha Bank And Trust Company

Branches and Savings

Is Hiawatha Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #34488.

Why does Hiawatha Bank And Trust Company pay such low interest on savings accounts?

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

Why are Hiawatha Bank And Trust Company CD rates not competitive?

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

Is Hiawatha Bank And Trust Company a commercial bank?

Yes

Where are Hiawatha Bank And Trust Company locations?

See branch locations nearby.

Is Hiawatha Bank And Trust Company open on Saturdays?

Is Hiawatha Bank And Trust Company open on Sundays?

What time does Hiawatha Bank And Trust Company open?

What time does Hiawatha Bank And Trust Company close?

Are Hiawatha Bank And Trust Company ATMs Open 24/7?

Do Hiawatha Bank And Trust Company ATMs accept cash deposits?

Can Hiawatha Bank And Trust Company customers use other ATMs?

Do Hiawatha Bank And Trust Company branches have notaries?

Will Hiawatha Bank And Trust Company notarize my document?

What address for Hiawatha Bank And Trust Company should I put for incoming ACH transfers?

Will the Hiawatha Bank And Trust Company branch print checks?

Do Hiawatha Bank And Trust Company checks expire?

Does Hiawatha Bank And Trust Company require US citizenship to open account?

Can Hiawatha Bank And Trust Company close my account?

Does Hiawatha Bank And Trust Company Report to credit bureaus?

Does Hiawatha Bank And Trust Company Use Equifax?

What is Hiawatha Bank And Trust Company's ACH Routing Number?

What is Hiawatha Bank And Trust Company's SWIFT code?

Products

Does Hiawatha Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Hiawatha Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hiawatha Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Hiawatha Bank And Trust Company offer student loans?

Will Hiawatha Bank And Trust Company cash a check?

Will Hiawatha Bank And Trust Company redeem a savings bond?

Does Hiawatha Bank And Trust Company cash savings bonds?

Will Hiawatha Bank And Trust Company cash money orders?

Can Hiawatha Bank And Trust Company issue a money order?

Does Hiawatha Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Hiawatha Bank And Trust Company?

How long has Hiawatha Bank And Trust Company been around?

Can Hiawatha Bank And Trust Company transfer to other banks?

Does Hiawatha Bank And Trust Company have quick pay?

Does Hiawatha Bank And Trust Company accept rolled coins?

Will Hiawatha Bank And Trust Company accept loose change?

Where is Hiawatha Bank And Trust Company headquarters?

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