Overview / Commentary
South Ottumwa Savings Bank is headquartered in Ottumwa and is the 53rd largest bank in the state of Iowa. It is also the 1,732nd largest bank in the nation. It was established in 1903 and as of December of 2019, it had grown to 61 employees at 4 locations. South Ottumwa Savings Bank has an A health rating.
Reviews (1)
Bad customer experience
Posted by: George12 | Nov 23, 2016
South Ottumwa Savings Bank lacks good customer relations. A bank manager told me that I should close my account and go to another bank. He stated that my funds were not good enough anyway. This was due to complaint I had with the rude employee that has been with the bank for number of years.
Health
A
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9099 |
| Year Established | 1903 |
| Employees | 61 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.45% |
| Return on Equity - YTD | 10.42% |
| Annual Interest Income | $15.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $410.6MM$422.1MM |
| Loans | Q4 2019vs Q4 2018 | $213.2MM$208.4MM |
| Deposits | Q4 2019vs Q4 2018 | $313.0MM$333.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $60.8MM$52.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $2.9MM$2.9MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $803.00K$840.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$112.00K |