Connection Bank is headquartered in FORT MADISON and is the 59th largest bank in the state of Iowa. It is also the 1,801st largest bank in the nation. It was established in 1854 and as of March of 2023, it had grown to 64 employees at 5 locations. Connection Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 955 |
Year Established | 1854 |
Employees | 64 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.29% |
Return on Equity - YTD | 13.3% |
Annual Interest Income | $4.8MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $478.5MM$386.3MM |
Loans | Q1 2023vs Q1 2022 | $377.8MM$297.3MM |
Deposits | Q1 2023vs Q1 2022 | $395.6MM$349.1MM |
Equity Capital | Q1 2023vs Q1 2022 | $45.6MM$35.1MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $4.5MM$3.0MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $404.00K$300.00K |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$15.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.20% | - | - | Health Savings | ||
0.75%* | - | $50k | Kasasa Saver | ||
OTHER TIERS: 0.42% → $50k+ | |||||
0.50% | - | - | Kids Savings | ||
0.20% | - | - | Christmas Club | ||
0.15% | - | - | Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.25%* | - | $25k | Kasasa Cash | ||
OTHER TIERS: 0.65% → $25k+ | |||||
0.10% | $1k | - | Interest Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 | ||
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Burlington Branch | 115 Legacy Drive | Burlington, IA 52601 |