Cedar Rapids Bank & Trust


Overview / Commentary
319-862-2728
500 1St Ave. NE
Cedar Rapids, IA 52401

Cedar Rapids Bank & Trust is headquartered in Cedar Rapids and is the 10th largest bank in the state of Iowa. It is also the 543rd largest bank in the nation. It was established in 2001 and as of December of 2019, it had grown to 157 employees at 9 locations. Cedar Rapids Bank & Trust has an A+ health rating.

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Reviews (5)

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

Posted by: |

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)

Posted by: |

I've had a "[email protected] 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.





 

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

Posted by: |

I've had a "[email protected] 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

Posted by: |

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

Posted by: |

I am very sorry to report that the [email protected] 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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #57244
Year Established2001
Employees157
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD16.7%
Annual Interest Income$62.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.58B$1.38B
LoansQ4 2019vs Q4 2018$1.16B$1.03B
DepositsQ4 2019vs Q4 2018$1.25B$1.16B
Equity CapitalQ4 2019vs Q4 2018$180.9MM$151.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$13.4MM$12.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.1MM$868.00K
Real Estate OwnedQ4 2019vs Q4 2018$697.00K$524.00K
Rates

Rates for Cedar Rapids Bank & Trust are currently being reviewed.

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
Waterloo Branch11 Tower Park DriveWaterloo, IA 50701
Cedar Falls Branch2322 West 1st StreetCedar Falls, IA 50613
Community National Bank Branch422 Commercial StreetWaterloo, IA 50701
Bever Avenue Office2701 Bever AvenueCedar Rapids, IA 52403
Cedar Hills Branch191 Jacolyn Drive, N.W.Cedar Rapids, IA 52405
Marion Branch700 25th StreetMarion, IA 52302
F Avenue Branch3406 F Avenue NorthwestCedar Rapids, IA 52405

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