2. Connection Bank

Connection Bank


Overview / Commentary
www.myconnectionbank.com
319-524-2944
636 Avenue G
Fort Madison, IA 52627

Connection Bank is headquartered in Fort Madison and is the 74th largest bank in the state of Iowa. It is also the 2,159th largest bank in the nation. It was established in 1854 and as of June of 2019, it had grown to 91 employees at 6 locations. Connection Bank's CD rates are 40% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #955
Year Established1854
Employees91
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD10.89%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$307.1MM$278.3MM
LoansQ2 2019vs Q2 2018$242.3MM$217.6MM
DepositsQ2 2019vs Q2 2018$267.0MM$228.6MM
Equity CapitalQ2 2019vs Q2 2018$31.6MM$27.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.4MM$1.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$571.00K$514.00K
Real Estate OwnedQ2 2019vs Q2 2018$249.00K$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.91%--Health Savings
0.75%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.50%--Kids Savings
0.20%--Christmas Club
0.15%--Savings

Connection Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$25kKasasa Cash
OTHER TIERS: 0.25% → $25k+
0.10%$1k-Interest Checking

Connection Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$1k-60 Month CD
1.96%$1k-48 Month CD
1.91%$1k-36 Month CD
1.81%$1k-30 Month CD
1.76%$1k-24 Month CD
1.66%$1k-18 Month CD
1.26%$1k-12 Month CD
1.00%$1k-180-364 Day CD
1.00%$1k-9 Month CD
0.60%$1k-90-179 Day CD
0.19%$2.5k-32-89 Day CD
0.09%$2.5k-7-31 Day CD

Connection Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$2k-60 Month Fixed IRA
1.76%$2k-24 Month Fixed IRA
1.66%$50-18 Month Variable IRA
1.66%$500-18 Month Fixed IRA
1.26%$1k-12 Month Fixed IRA
1.00%$500-9 Month Fixed IRA
Locations


Connection Bank Locations
Burlington Branch115 Legacy DriveBurlington, IA 52601

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