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Overview / Commentary
Avenue G And Seventh Street
Fort Madison, IA 52627

Fort Madison Bank & Trust Co. is headquartered in Fort Madison and is the 128th largest bank in the state of Iowa. It is also the 3,604th largest bank in the nation. It was established in 1854 and as of June of 2014, it had grown to 52 employees at 5 locations. Fort Madison Bank & Trust Co.'s savings rates are 92% higher than the national average, and it has a A health rating.

Reviews (1)

Very Good Bank

been my bank for over 20 yrs and never a problem. employees are courteous, getting a loan has never been a problem, just a very good bank all round.



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 Fort Madison Bank & Trust Co. had $459,000 in non-current loans and owned real-estate with $15.32 million in equity and loan loss allowances on hand to cover it. This gives Fort Madison Bank & Trust Co. a Texas Ratio of 3.00% 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 Fort Madison Bank & Trust Co. experienced no significant changes from 2.26% as of June 30, 2013 to 3.00% as of June 30, 2014, resulting in a negative change of 32.32%. This indicates that the balance sheet and financial strength for Fort Madison Bank & Trust Co. has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Fort Madison Bank & Trust Co. has increased its total deposits by $7.31 million, resulting in 5.75% 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 Fort Madison Bank & Trust Co. 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. Fort Madison Bank & Trust Co. has $156.11 million in assets with $15.32 million in equity, resulting in a capitalization level of 9.81%, which is above average.

Institution Statistics

Overall
FDIC Certificate #955
Year Established1854
Employees52
Primary RegulatorFED
Assets and Liabilities
Assets$156.11 million
Loans$86.89 million
Deposits$134.41 million
Equity Capital$14.34 million
Loan Loss Allowance$979,000
Unbacked Noncurrent Loans$156,000
Real Estate Owned$303,000
Historic Data - June 2013
Assets$150.34 million
Equity Capital$13.63 million
Loan Loss Allowance$992,000
Unbacked Noncurrent Loans$156,000
Real Estate Owned$315,000
Profit Margin - Quarterly
Return on Assets0.71%
Return on Equity7.84%
Interest Income$2.63 million
Rates
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Fort Madison Bank & Trust Co. Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--Bee-A-Saver
0.90%--Health Savings
0.50%--Bee-A-Teen
0.50%--Christmas Club
0.15%--Regular Savings

Fort Madison Bank & Trust Co. Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.80%$50k-Advantage Elite Checking

Fort Madison Bank & Trust Co. CD Rates

DetailsAPYMINMAXPRODUCT
1.55%$1k-60 Month CD
1.25%$1k-48 Month CD
0.80%$1k-36 Month CD
0.70%$1k-30 Month CD
0.65%$1k-24 Month CD
0.60%$1k-18 Month CD
0.45%$1k-12 Month CD
0.40%$1k-9 Month CD
0.30%$1k-180 - 364 Day CD
0.20%$2,500-32 - 89 Day CD
0.20%$1k-90 - 179 Day CD
0.10%$2,500-7 - 31 Day CD

Fort Madison Bank & Trust Co. IRA Rates

DetailsAPYMINMAXPRODUCT
1.55%$2k-60 Month Fixed IRA
0.65%$2k-24 Month Fixed IRA
0.60%$50-18 Month Variable IRA
0.60%$500-18 Month Fixed IRA
0.45%$1k-12 Month Fixed IRA
0.40%$500-9 Month Fixed IRA
Locations


Fort Madison Bank & Trust Co. Locations
Hyvee Branch2606 Avenue 1Fort Madison, IA 52627
Dallas City Branch290 Oak StreetDallas City, IL 62330
Burlington Hyvee Branch3140 Agency St, Ste 100Burlington, IA 52601
Fort Madison Bank & Trust Co.Avenue G and Seventh StreetFort Madison, IA 52627
River Hills BranchAvenue L and 48th StreetFort Madison, IA 52627