5 star ratingAverage User Rating:
5 star rating based on 4 reviews.

Cedar Rapids Bank & Trust

Cedar Rapids Bank & Trust Locations
500 1st Avenue Ne, Suite 100
Cedar Rapids, IA 52401
319.862.2728
www.crbt.com



Cedar Rapids Bank & Trust is headquartered in Cedar Rapids and is the 23rd largest bank in the state of Iowa. It is also the 1,192nd largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 86 employees at 2 locations. Cedar Rapids Bank & Trust has a 5-star health rating.

Cedar Rapids Bank & Trust Routing Number: 073922801

Related Posts

Cedar Rapids Bank & Trust "M@Xx Checking" Rate Dropping To 4% On November 1 (Forum) - 10/27/2010

I've had a "M@xx Checking" account at CRBT for almost a year and a half now, it they have been great.  Very friendly, only one minor issue that they fixed of their own accord.  Unfortunately, they will be dropping their rate from 5% to 4% as of

Cedar Rapids Bank And Trust In Iowa Has A Reward Checking Account Called MAXX Checking That Is (Forum) - 2/4/2010

Cedar Rapids Bank and Trust in Iowa has a reward checking account called MAXX Checking that is paying 5% APY  (www.crbt.com).

High-Yield Reward Checking Account at Cedar Rapids Bank & Trust in Iowa - Local Only - 11/24/2009

Cedar Rapids Bank & Trust is offering a high-rate reward checking account called M@XX Checking. The account has the following rates and features if certain monthly requirements are met:5.00% APY on balances up to $25,0000.10% APY on portion of...



See Rates for: Checking | CD

Cedar Rapids Bank & Trust Checking Account Rates

ApyMinMaxProduct
3.25%-$25kMAXX Checking

Cedar Rapids Bank & Trust CD Rates

ApyMinMaxProduct
1.41%$5k-59 Month Special CD
1.06%$5k-35 Month Special CD
0.55%$5k-11 Month Special CD

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Cedar Rapids Bank and Trust Company
FDIC Certificate #57244
BankRate ReportView
Year Established2001
Employees86
Primary RegulatorFED

Assets and Liabilities

Assets$566.25 million
Loans$336.04 million
Deposits$371.93 million
Equity Capital$53.82 million
Loan Loss Allowance$6.76 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$865,000

Historic Data - March 2011

Assets$558.00 million
Equity Capital$51.91 million
Loan Loss Allowance$8.52 million
Unbacked Noncurrent Loans$7.54 million
Real Estate Owned$165,000

Profit Margin - Quarterly

Net Interest Margin2.95%
Return on Assets0.91%
Return on Equity9.59%
Interest Income$5.46 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Cedar Rapids Bank & Trust had $4.3 million in non-current loans and owned real-estate with $60.58 million in equity and loan loss allowances on hand to cover it. This gives Cedar Rapids Bank & Trust a Texas Ratio of 7.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Cedar Rapids Bank & Trust decreased significantly from 20.09% as of March 31, 2011 to 7.10% as of March 31, 2012, resulting in a positive change of 64.68%.This indicates that the balance sheet and financial strength for Cedar Rapids Bank & Trust has improved significantly in recent periods.
Deposit Growth5
In the past year, Cedar Rapids Bank & Trust has increased its total deposits by $30.04 million, resulting in 8.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cedar Rapids Bank & Trust has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cedar Rapids Bank & Trust has $566.25 million in assets with $60.58 million in equity, resulting in a capitalization level of 10.70%, which is above average.
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Rate Will Drop To 3.25% On 11/1/11
5 stars - AReview - Saturday, October 22, 2011 - 10:41 PM

Went in to open an account today and was politely informed that the rates are currently 4% but will drop to 3.25% on 11/1/2011.  Appreciate their honesty!

3

Great Experience, Though Rate Will Drop To 4% On 11/1 (2856)
5 stars - samster - Wednesday, October 27, 2010 - 12:45 PM

I've had a "M@xx Checking" account at CRBT for almost a year and a half now, it they have been great.  Very friendly, only one minor issue that they fixed of their own accord.  Unfortunately, they will be dropping their rate from 5% to 4% as of November 1.  However, it is still the best deal around, and their service counts, too.  Plus, I respect the fact that they sent me an email ahead of time to announce the change, unlike a Credit Union somewhere in the "Linn Area" which sends me a useless newsletter every month, but couldn't be bothered to notify me of a rate change - I just had to get the bad news on the following month's statement.

So I wholeheartedly endorse CRBT, but the sweetest deal around just got a little less sweet.





 

2

I Switched From Linn
5 stars - Anonymous - Tuesday, April 27, 2010 - 11:02 AM

I switched from Linn-Area CU to CRBT because LACU dropped their HYC account from 5% to 4%.  CRBT has treated me great so far and 5%APY is terrific.  I rec. ANY rewards checking acct. to everyone, just find a bank or CU with a good rate near you.  You are losing free money if you don't.  I also share Dave Ramsey's theory of NEVER using credit cards, EVER.  PS-- CRBT has great coffee and cookies too!

2

Great Experience, Though Rate Will Drop To 4% On 11/1
5 stars - Anonymous - Wednesday, October 27, 2010 - 12:44 PM

I've had a "M@xx Checking" account at CRBT for almost a year and a half now, it they have been great.  Very friendly, only one minor issue that they fixed of their own accord.  Unfortunately, they will be dropping their rate from 5% to 4% as of November 1.  However, it is still the best deal around, and their service counts, too.  Plus, I respect the fact that they sent me an email ahead of time to announce the change, unlike a Credit Union somewhere in the "Linn Area" which sends me a useless newsletter every month, but couldn't be bothered to notify me of a rate change - I just had to get the bad news on the following month's statement.

So I wholeheartedly endorse CRBT, but the sweetest deal around just got a little less sweet.

 

1