Connection Bank

Overview / Commentary
636 Avenue G
Fort Madison, IA 52627

Connection Bank is headquartered in FORT MADISON and is the 59th largest bank in the state of Iowa. It is also the 1,816th largest bank in the nation. It was established in 1854 and as of September of 2023, it had grown to 65 employees at 5 locations. Connection Bank has an A health rating.


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Health Grade Components

FDIC Certificate #955
Year Established1854
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD12.47%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$475.9MM$421.6MM
LoansQ3 2023vs Q3 2022$403.7MM$361.1MM
DepositsQ3 2023vs Q3 2022$393.5MM$374.3MM
Equity CapitalQ3 2023vs Q3 2022$46.2MM$45.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$4.5MM$3.6MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$176K$437K
Real Estate OwnedQ3 2023vs Q3 2022$0$15K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Connection Bank Savings Account Rates

3.17%--Health Savings
0.75%*-$50kKasasa Saver
OTHER TIERS: 0.42% $50k+
0.50%--Kids Savings
0.20%--Christmas Club

Connection Bank Checking Account Rates

5.00%*-$25kKasasa Cash
OTHER TIERS: 0.25% $25k+
0.10%$1k-Interest Checking

Connection Bank CD Rates

1.21%$1k-60 Month CD
1.00%$1k-48 Month CD
0.75%$1k-36 Month CD
0.60%$1k-30 Month CD
0.50%$1k-24 Month CD
0.45%$1k-12 Month CD
0.45%$1k-18 Month CD
0.20%$1k-180-364 Day CD
0.20%$1k-9 Month CD
0.10%$2.5k-7-31 Day CD
0.10%$2.5k-32-89 Day CD
0.10%$1k-90-179 Day CD

Connection Bank IRA Rates

1.21%$2k-60 Month Fixed IRA
0.60%$50-18 Month Variable IRA
0.50%$2k-24 Month Fixed IRA
0.45%$1k-12 Month Fixed IRA
0.45%$500-18 Month Fixed IRA
0.20%$500-9 Month Fixed IRA

Connection Bank Locations
Burlington Branch115 Legacy DriveBurlington, IA 52601

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