Overview / Commentary
South Ottumwa Savings Bank is headquartered in Ottumwa and is the 43rd largest bank in the state of Iowa. It is also the 1,494th largest bank in the nation. It was established in 1903 and as of December of 2020, it had grown to 79 employees at 7 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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 9099 |
| Year Established | 1903 |
| Employees | 79 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.24% |
| Return on Equity - YTD | 9.54% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $559.4MM$410.6MM |
| Loans | Q4 2020vs Q4 2019 | $266.4MM$213.2MM |
| Deposits | Q4 2020vs Q4 2019 | $448.1MM$313.0MM |
| Equity Capital | Q4 2020vs Q4 2019 | $71.8MM$60.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.1MM$2.9MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $819.00K$803.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |