Connection Bank

Overview / Commentary

www.myconnectionbank.com

319-372-5164

636 Avenue G
Fort Madison, IA 52627

Connection Bank is headquartered in FORT MADISON and is the 60^th largest bank in the state of Iowa. It is also the 1,786^th largest bank in the nation. It was established in 1854 and as of June of 2024, it had grown to 63 employees at 5 locations. Connection Bank has an A+ health rating.

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Health

A+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	955
Year Established	1854
Employees	63
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.11%
Return on Equity - YTD	11.75%
Annual Interest Income	$12.3MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$501.1MM$466MM
Loans	Q2 2024vs Q2 2023	$427.5MM$389.7MM
Deposits	Q2 2024vs Q2 2023	$416.1MM$383.6MM
Equity Capital	Q2 2024vs Q2 2023	$47.6MM$45.9MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$4.9MM$4.5MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$122K$201K
Real Estate Owned	Q2 2024vs Q2 2023	$0$111K

Rates

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Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
3.03%	$0	-	Health Savings
0.75%^*	$0	$50k	Kasasa Saver
OTHER TIERS: 0.25% → $50k - $150k
0.50%	$0	-	Kids Savings
0.20%	$1	-	Christmas Club
0.15%	$0	-	Savings

Connection Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$0	$25k	Kasasa Cash
OTHER TIERS: 0.25% → $25k - $125k
0.10%	$1k	-	Interest Checking

Connection Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Connection Bank Locations
Burlington Branch	115 Legacy Drive	Burlington, IA 52601

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