Central Bank (IA)

Overview / Commentary
600 Lake Avenue
Storm Lake, IA 50588

Central Bank (IA) is headquartered in Storm Lake and is the 12th largest bank in the state of Iowa. It is also the 605th largest bank in the nation. It was established in 1879 and as of June of 2022, it had grown to 264 employees at 24 locations. Central Bank (IA) has an A health rating.


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Health Grade Components

FDIC Certificate #15555
Year Established1879
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD11.49%
Annual Interest Income$35.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.79B$1.62B
LoansQ2 2022vs Q2 2021$1.50B$1.35B
DepositsQ2 2022vs Q2 2021$1.59B$1.45B
Equity CapitalQ2 2022vs Q2 2021$175.8MM$150.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$17.2MM$15.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.6MM$1.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$300.00K

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