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319-862-2728
500 1St Ave. Ne, Suite 100
Cedar Rapids, IA 52401

Cedar Rapids Bank & Trust is headquartered in Cedar Rapids and is the 16st largest bank in the state of Iowa. It is also the 822nd largest bank in the nation. It was established in 2001 and as of June of 2014, it had grown to 133 employees at 8 locations. Cedar Rapids Bank & Trust has a A health rating.

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Reviews (5)

Rate Will Drop To 3.25% On 11/1/11

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!

Great Experience, Though Rate Will Drop To 4% On 11/1 (2856)

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.





 

I Switched From Linn

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!

Maximum Will Drop To 15K In July 2012

I am very sorry to report that the M@XX Checking account maximum amount will be dropping from 25K to 15K in July. I think UoFL CCU still has 3.25% on amounts up to 25K. I think I will move my money there instead.

Great Experience, Though Rate Will Drop To 4% On 11/1

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.

 



Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Cedar Rapids Bank & Trust had $5.29 million in non-current loans and owned real-estate with $79.27 million in equity and loan loss allowances on hand to cover it. This gives Cedar Rapids Bank & Trust a Texas Ratio of 6.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Cedar Rapids Bank & Trust experienced no significant changes from 5.70% as of June 30, 2013 to 6.67% as of June 30, 2014, resulting in a negative change of 17.00%. This indicates that the balance sheet and financial strength for Cedar Rapids Bank & Trust has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Cedar Rapids Bank & Trust has increased its total deposits by $173.89 million, resulting in 41.6% 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.

Capitalization

GRADE:
B

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 $826.8 million in assets with $79.27 million in equity, resulting in a capitalization level of 9.59%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57244
Year Established2001
Employees133
Primary RegulatorFED
Assets and Liabilities
Assets$826.80 million
Loans$540.39 million
Deposits$591.90 million
Equity Capital$70.44 million
Loan Loss Allowance$8.83 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$932,000
Historic Data - June 2013
Assets$619.57 million
Equity Capital$50.01 million
Loan Loss Allowance$7.55 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.96%
Return on Equity11.2%
Interest Income$14.50 million
Rates
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Always verify rates and promotions with the bank or credit union. We are not Cedar Rapids Bank & Trust, we are a rate comparison website and can not provide official rates or promotions.

Cedar Rapids Bank & Trust Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.22%-$15kMAXX Checking - Qualifying
0.10%-$15kMAXX Checking - Non Qualifying

Cedar Rapids Bank & Trust CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-59 Month Special CD
0.40%$5k-11 Month Special CD
Locations


Cedar Rapids Bank & Trust Locations
Cedar Rapids Bank and Trust Company500 1st Avenue Ne, Suite 100Cedar Rapids, IA 52401
Council Street Branch5400 Council Street NeCedar Rapids, IA 52402