Connection Bank

Overview / Commentary
636 Avenue G
Fort Madison, IA 52627

Connection Bank is headquartered in FORT MADISON and is the 60th largest bank in the state of Iowa. It is also the 1,768th largest bank in the nation. It was established in 1854 and as of March of 2024, it had grown to 64 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 - YTD1.1%
Return on Equity - YTD11.66%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$507.7MM$478.5MM
LoansQ1 2024vs Q1 2023$416.9MM$377.8MM
DepositsQ1 2024vs Q1 2023$424.3MM$395.6MM
Equity CapitalQ1 2024vs Q1 2023$46.9MM$45.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.8MM$4.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$167K$404K
Real Estate OwnedQ1 2024vs Q1 2023$62K$0

Rates for Connection Bank are currently being reviewed.


Connection Bank Locations
Burlington Branch115 Legacy DriveBurlington, IA 52601

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