BankIowa of Cedar Rapids

Overview / Commentary
7045 C Avenue Northeast
Cedar Rapids, IA 52402

BankIowa of Cedar Rapids is headquartered in Cedar Rapids and is the 26th largest bank in the state of Iowa. It is also the 1,117th largest bank in the nation. It was established in 1881 and as of June of 2020, it had grown to 137 employees at 11 locations. BankIowa of Cedar Rapids' money market rates are 14% higher than the national average, and it has a B+ health rating.

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Additional Information

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"US citizen" or "PR" only.


Health Grade Components

FDIC Certificate #17282
Year Established1881
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.87%
Annual Interest Income$13.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$768.2MM$669.5MM
LoansQ2 2020vs Q2 2019$567.2MM$527.3MM
DepositsQ2 2020vs Q2 2019$613.7MM$515.7MM
Equity CapitalQ2 2020vs Q2 2019$81.9MM$75.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$6.0MM$5.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$10.6MM$2.0MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

1.00%*-$40kFirst Time Homebuyer's Savings Account
OTHER TIERS: 0.05% $40k+
0.75%--Health Savings Account (HSA)
0.05%--Personal Savings
0.05%--Christmas Club

BankIowa of Cedar Rapids Money Market Rates

0.80%*$1m*-Premium Money Market
OTHER TIERS: 0.10% $10k - $25k | 0.30% $25k - $100k | 0.40% $100k - $250k | 0.55% $250k - $1m
0.50%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.05% $1.5k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k

BankIowa of Cedar Rapids Checking Account Rates

1.71%*-$15kChampion Checking
OTHER TIERS: 0.09% $15k+
0.10%*$100k*-Rewards Account
OTHER TIERS: 0.05% Up to $100k
0.05%--Personal Interest Checking

BankIowa of Cedar Rapids CD Rates

0.82%$500-36 Month One Way Up CD Special
0.80%$500-18 Month CD Special
0.70%$500-9 Month CD Special
0.45%$500-60 Month CD
0.37%$500-48 Month CD
0.34%$500-36 Month CD
0.30%$500-3 Month CD Special
0.28%$500-24 Month CD
0.21%$500-12 Month CD
0.14%$500-6 Month CD
0.09%$500-3 Month CD


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