Iowa State Bank and Trust Company of Fairfield, Iowa

Headquarters

Broadway And Court
Fairfield, IA 52556
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.30% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.35% 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

Iowa State Bank and Trust Company of Fairfield, Iowa is an FDIC insured institution located in Fairfield, IA. It was founded in 1934 and has approximately $0.14 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 14413
Date Established 1934
Assets $ 135.28 million
Loans $ 106.07 million
Deposits $ 107.11 million
Capital $ 14.46 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.35% $100,000 $199,999 Learn More
60 Mo CD
0.35% $10,000 $14,999 Learn More
60 Mo CD
0.35% $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 - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Iowa State Bank and Trust Company of Fairfield, Iowa

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.444% 2.375% 0.88 $2,304 $972 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.664% 2.625% 0.50 $1,285 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to Iowa State Bank and Trust Company of Fairfield, Iowa
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Branches

Iowa State Bank and Trust Company of Fairfield, Iowa 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:
Ashburn,Virginia


Iowa State Bank and Trust Company of Fairfield, Iowa Locations


Financial Details

Iowa State Bank and Trust Company of Fairfield, Iowa Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Iowa State Bank and Trust Company of Fairfield, Iowa. 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
Iowa State Bank and Trust Company of Fairfield, Iowa U.S. Bank Average
0% 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, Iowa State Bank and Trust Company of Fairfield, Iowa had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,463,000 in equity and $1,220,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Iowa State Bank and Trust Company of Fairfield, Iowa U.S. Bank Average
7.44% 7.80%

Iowa State Bank and Trust Company of Fairfield, Iowa has a Return on Equity of 7.44% 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
Iowa State Bank and Trust Company of Fairfield, Iowa U.S. Bank Average
10.69% 12.68%

Iowa State Bank and Trust Company of Fairfield, Iowa has a Capitalization of 10.69% 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.

Iowa State Bank and Trust Company of Fairfield, Iowa Balance Sheet Analysis

As of March 31, 2020, Iowa State Bank and Trust Company of Fairfield, Iowa had assets of $135,275,000, loans of $106,073,000, and deposits of $107,112,000. 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 $ 11.94 million
Interest-bearing balances $ 8.16 million
Total securities $ 9.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 106.07 million
Loan loss allowance $ 1.22 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 $ 5.39 million
     Total Assets $ 120.81 million
LIABILITIES
Total deposits $ 107.11 million
      Interest-bearing deposits $ 76.99 million
      Deposits held in domestic offices $ 107.11 million
      % insured (estimated) 74.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.95 million
Subordinated debt N.A.
All other liabilities $ 0.75 million
      Total Liabilities $ 120.81 million
      Shareholders’ Equity $ 14.46 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.48 million
Total Interest Expense $ 0.35 million
Net interest income $ 1.13 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 0.19 million
Total non interest expense $ 0.91 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in Iowa State Bank and Trust Company of Fairfield, Iowa’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Iowa State Bank and Trust Company of Fairfield, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.92
Multifamily
Mortgages
0.31
Credit Card Loans 0.00
Consumer Auto Loans 0.94
Small Business Loans 0.00
Construction and Development Loans 1.22
Commercial Real Estate 14.33
Commercial and Industrial Loans 12.60
Farm Loans 9.89

Frequently Asked Questions About Iowa State Bank And Trust Company Of Fairfield, Iowa

Branches and Savings

Is Iowa State Bank And Trust Company Of Fairfield, Iowa FDIC insured?

Yes. It is covered under FDIC Certificate #14413.

Why does Iowa State Bank And Trust Company Of Fairfield, Iowa pay such low interest on savings accounts?

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

Why are Iowa State Bank And Trust Company Of Fairfield, Iowa CD rates not competitive?

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

Is Iowa State Bank And Trust Company Of Fairfield, Iowa a commercial bank?

Yes

Where are Iowa State Bank And Trust Company Of Fairfield, Iowa locations?

See branch locations nearby.

Is Iowa State Bank And Trust Company Of Fairfield, Iowa open on Saturdays?

Is Iowa State Bank And Trust Company Of Fairfield, Iowa open on Sundays?

What time does Iowa State Bank And Trust Company Of Fairfield, Iowa open?

What time does Iowa State Bank And Trust Company Of Fairfield, Iowa close?

Are Iowa State Bank And Trust Company Of Fairfield, Iowa ATMs Open 24/7?

Do Iowa State Bank And Trust Company Of Fairfield, Iowa ATMs accept cash deposits?

Can Iowa State Bank And Trust Company Of Fairfield, Iowa customers use other ATMs?

Do Iowa State Bank And Trust Company Of Fairfield, Iowa branches have notaries?

Will Iowa State Bank And Trust Company Of Fairfield, Iowa notarize my document?

What address for Iowa State Bank And Trust Company Of Fairfield, Iowa should I put for incoming ACH transfers?

Will the Iowa State Bank And Trust Company Of Fairfield, Iowa branch print checks?

Do Iowa State Bank And Trust Company Of Fairfield, Iowa checks expire?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa require US citizenship to open account?

Can Iowa State Bank And Trust Company Of Fairfield, Iowa close my account?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa Report to credit bureaus?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa Use Equifax?

What is Iowa State Bank And Trust Company Of Fairfield, Iowa's ACH Routing Number?

What is Iowa State Bank And Trust Company Of Fairfield, Iowa's SWIFT code?

Products

Does Iowa State Bank And Trust Company Of Fairfield, Iowa offer mortgages?

Compare mortgage rates here.

Does Iowa State Bank And Trust Company Of Fairfield, Iowa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Iowa State Bank And Trust Company Of Fairfield, Iowa offer personal loans?

Compare personal loan rates here.

Does Iowa State Bank And Trust Company Of Fairfield, Iowa offer student loans?

Will Iowa State Bank And Trust Company Of Fairfield, Iowa cash a check?

Will Iowa State Bank And Trust Company Of Fairfield, Iowa redeem a savings bond?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa cash savings bonds?

Will Iowa State Bank And Trust Company Of Fairfield, Iowa cash money orders?

Can Iowa State Bank And Trust Company Of Fairfield, Iowa issue a money order?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa do currency exchange?

Background on The Bank

Who owns Iowa State Bank And Trust Company Of Fairfield, Iowa?

How long has Iowa State Bank And Trust Company Of Fairfield, Iowa been around?

Can Iowa State Bank And Trust Company Of Fairfield, Iowa transfer to other banks?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa have quick pay?

Does Iowa State Bank And Trust Company Of Fairfield, Iowa accept rolled coins?

Will Iowa State Bank And Trust Company Of Fairfield, Iowa accept loose change?

Where is Iowa State Bank And Trust Company Of Fairfield, Iowa headquarters?

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