Overview / Commentary
BankIowa of Cedar Rapids is headquartered in Cedar Rapids and is the 27th largest bank in the state of Iowa. It is also the 1,124th largest bank in the nation. It was established in 1881 and as of June of 2019, it had grown to 137 employees at 11 locations. BankIowa of Cedar Rapids' savings rates are 2X the national average, and it has an A health rating.
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Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17282 |
| Year Established | 1881 |
| Employees | 137 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 9.14% |
| Annual Interest Income | $13.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $669.5MM$654.7MM |
| Loans | Q2 2019vs Q2 2018 | $527.3MM$525.4MM |
| Deposits | Q2 2019vs Q2 2018 | $515.7MM$509.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $75.9MM$70.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $5.4MM$5.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $2.0MM$409.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$205.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
BankIowa of Cedar Rapids Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.26%* | - | $40k | First Time Homebuyer's Savings Account | ||
| OTHER TIERS: 0.10% → $40k+ | |||||
| 1.00% | $100 | - | Health Savings Account (HSA) | ||
| 0.50% | - | - | Variable Rate IRA | ||
| 0.10% | $100 | - | Savings Account | ||
