Iowa State Savings Bank

Headquarters

222 East Robinson Street
Knoxville, IA 50138
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Iowa State Savings Bank is an FDIC insured institution located in Knoxville, IA. It was founded in 1903 and has approximately $0.18 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 11349
Date Established 1903
Assets $ 198.16 million
Loans $ 75.17 million
Deposits $ 153.55 million
Capital $ 28.70 million
 

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

Deposit Rates - July 9, 2020

Your Current Location: Washington, WA 98109


Loan Rates - July 9, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Iowa State Savings Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Iowa State Savings Bank
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Branches

Iowa State Savings Bank 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:
Seattle,Washington


Iowa State Savings Bank Locations


Financial Details

Iowa State Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Iowa State Savings 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
Iowa State Savings Bank U.S. Bank Average
11.42% 6.51%

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, 2019, Iowa State Savings Bank had $2,148,000 in non-current loans and $1,264,000 in owned real estate. To cover these potential losses it had $28,697,000 in equity and $1,183,000 in loans loss reserves. That gives it a Texas Ratio of 11.42%.

Return on Equity
Iowa State Savings Bank U.S. Bank Average
5.32% 9.41%

Iowa State Savings Bank has a Return on Equity of 5.32% versus the BestCashCow average of 9.41%. 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 Savings Bank U.S. Bank Average
14.48% 12.82%

Iowa State Savings Bank has a Capitalization of 14.48% versus the BestCashCow average of 12.82. 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 Savings Bank Balance Sheet Analysis

As of September 30, 2019, Iowa State Savings Bank had assets of $182,765,000, loans of $75,171,000, and deposits of $153,546,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 31.38 million
Interest-bearing balances $ 26.37 million
Total securities $ 52.24 million
Federal funds sold and reverse repurchase $ 5.47 million
Net loans and leases $ 75.17 million
Loan loss allowance $ 1.18 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.26 million
Goodwill and other intangibles $ 12.14 million
All other assets $ 2.87 million
     Total Assets $ 153.94 million
LIABILITIES
Total deposits $ 153.55 million
      Interest-bearing deposits $ 126.45 million
      Deposits held in domestic offices $ 153.55 million
      % insured (estimated) 64.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.39 million
      Total Liabilities $ 153.94 million
      Shareholders’ Equity $ 44.22 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 2.99 million
Total Interest Expense $ 0.46 million
Net interest income $ 2.54 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 0.52 million
Total non interest expense $ 1.74 million
Pre-tax Net Operating Income $ 1.23 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Iowa State Savings Bank has a significantly higher percent of Credit Card Loans, Consumer Auto Loans, Commercial and Industrial 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 15.24
Multifamily
Mortgages
0.47
Credit Card Loans 1.20
Consumer Auto Loans 6.41
Small Business Loans 0.00
Construction and Development Loans 1.18
Commercial Real Estate 2.34
Commercial and Industrial Loans 25.71
Farm Loans 21.68

Frequently Asked Questions About Iowa State Savings Bank

Branches and Savings

Is Iowa State Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11349.

Why does Iowa State Savings Bank 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 Savings Bank CD rates not competitive?

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

Is Iowa State Savings Bank a commercial bank?

Yes

Where are Iowa State Savings Bank locations?

See branch locations nearby.

Is Iowa State Savings Bank open on Saturdays?

Is Iowa State Savings Bank open on Sundays?

What time does Iowa State Savings Bank open?

What time does Iowa State Savings Bank close?

Are Iowa State Savings Bank ATMs Open 24/7?

Do Iowa State Savings Bank ATMs accept cash deposits?

Can Iowa State Savings Bank customers use other ATMs?

Do Iowa State Savings Bank branches have notaries?

Will Iowa State Savings Bank notarize my document?

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

Will the Iowa State Savings Bank branch print checks?

Do Iowa State Savings Bank checks expire?

Does Iowa State Savings Bank require US citizenship to open account?

Can Iowa State Savings Bank close my account?

Does Iowa State Savings Bank Report to credit bureaus?

Does Iowa State Savings Bank Use Equifax?

What is Iowa State Savings Bank's ACH Routing Number?

What is Iowa State Savings Bank's SWIFT code?

Products

Does Iowa State Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Iowa State Savings Bank offer personal loans?

Compare personal loan rates here.

Does Iowa State Savings Bank offer student loans?

Will Iowa State Savings Bank cash a check?

Will Iowa State Savings Bank redeem a savings bond?

Does Iowa State Savings Bank cash savings bonds?

Will Iowa State Savings Bank cash money orders?

Can Iowa State Savings Bank issue a money order?

Does Iowa State Savings Bank do currency exchange?

Background on The Bank

Who owns Iowa State Savings Bank?

How long has Iowa State Savings Bank been around?

Can Iowa State Savings Bank transfer to other banks?

Does Iowa State Savings Bank have quick pay?

Does Iowa State Savings Bank accept rolled coins?

Will Iowa State Savings Bank accept loose change?

Where is Iowa State Savings Bank headquarters?

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