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Central State Bank (IA)


Overview / Commentary
www.centralstate.bank
563-245-2110
102 North Main Street
Elkader, IA 52043

Central State Bank (IA) is headquartered in Elkader and is the 64th largest bank in the state of Iowa. It is also the 1,990th largest bank in the nation. It was established in 1931 and as of December of 2020, it had grown to 44 employees at 9 locations. Central State Bank (IA)'s money market rates are 25% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1550
Year Established1931
Employees44
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD14.27%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$389.5MM$331.2MM
LoansQ4 2020vs Q4 2019$307.3MM$248.4MM
DepositsQ4 2020vs Q4 2019$335.1MM$280.8MM
Equity CapitalQ4 2020vs Q4 2019$37.4MM$33.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$3.9MM$2.9MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$341.00K$1.1MM
Real Estate OwnedQ4 2020vs Q4 2019$14.00K$432.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Central State Bank (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$5k*-HSA
OTHER TIERS: 0.10% → Up to $2.5k | 0.20% → $2.5k - $5k
0.20%*$10k*-Savings Plus
OTHER TIERS: 0.10% → Up to $1k | 0.15% → $1k - $10k
0.15%--Kids Savings
0.10%$100-Regular Savings

Central State Bank (IA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$500k*-High Yield Money Market
OTHER TIERS: 0.10% → $5k - $25k | 0.20% → $25k - $100k | 0.30% → $100k - $500k
0.40%*$250k*-Money Market Saver
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k

Central State Bank (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$750-Cornerstone – Now
0.10%--CSB Classic 55

Central State Bank (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1k-18 Month CD
0.35%$1k-30 Month CD
0.35%$1k-48 Month Bump Up CD
0.35%$1k-60 Month CD
0.35%*$1k*-36 Month CD
OTHER TIERS: 0.25% → $500 - $1k
0.35%$1k-24 Month Bump Up CD
0.30%$1k-12 Month CD
0.20%$1k-182 Day CD
0.15%$1k-91 Day CD

Central State Bank (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$5k$15kIRA CD - Fixed
0.80%$5k$15kIRA CD - Variable
Locations


Central State Bank (IA) Locations
Central State Bank102 North Main StreetElkader, IA 52043
Coralville Branch2530 Corridor WayCoralville, IA 52241
Walford Branch345 Highway 151 WWalford, IA 52351
Marquette Branch208 Edgar StreetMarquette, IA 52158
Mcgregor BranchMain StreetMc Gregor, IA 52157
Elkader Branch200 North MainElkader, IA 52043
Cedar Rapids Branch5210 Council Street NortheastCedar Rapids, IA 52402
Coralville Branch805 22nd AvenueCoralville, IA 52241
Swisher Branch59 Rose AvenueSwisher, IA 52338

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