TS Bank is headquartered in TREYNOR and is the 78th largest bank in the state of Iowa. It is also the 2,032nd largest bank in the nation. It was established in 1923 and as of March of 2023, it had grown to 133 employees at 9 locations. TS Bank has a B health rating.
New Rate From 10/16/2014
Due to the unprecedented low interest rate environment and the outlook for interest rate markets continuing to remain low for the next year, the following changes will occur as of October 16, 2014:
Effective October 16, 2014
The below “cap” rate on Kasasa Cash and Kasasa Giving
when qualifications are met , will decrease from
: 3.01% APY* to 2.01% APY
The below “cap” rate on Kasasa Saver
when qualifications are met , will decrease from
: 0.31% APY* to 0.21% APY
.
Very Personal Service, Even From 400 Miles Away
I have been very happy with my ts bank kasasa checking/savings. The customer service is very personal (they have called me a few times to give me a heads up on different updates to the account., and always are helpful when I call or email.) their mobile deposit is easy to use (easier than my"big bank" account that I hold for my business) and money is deposited very fast. The account reciprocates quickly with my paypal disposition and withdrawals, making cash flow better as well. I wouldn't hesitate to recommend them to a responsible banking customer who knows how to use their check card as a "credit" card and keeps track of their spending.
Ts Bank Rocks Like No Other
TS Bank is raising alot of eye brows and people seem to be flocking to this small community bank that is fiercely personal and ready to give your business and personal accounts lots of TLC and added value.I have opened an account and made some investments with them and they have a rockin trust department that handles complex money management estate planning. They are different from the mega bank I am used to. Wow, what a difference!
Poor Customer Service
After opening an account, bank has been unresponsive to most emails. I might as well as reside in another country. If you cannot bank in person, I would consider not giving this bank anyof your money.
Warning To Out Of Area Potential Customers
Based upon a positive review I read, I opened an account. It seems this bank was/is not prepared to deal with out of area customers. They have sent me marketing materials for reasonably good, special CD rates through the mail, but even though I am a current customer they refused to open them for me. I was told I couldn't apply for the special offers unless I was willing to travel to a brick and mortar bank branch. They also have bad customer service via e-mail. I was surprised to see a branch manager responding to one of my e-mails when I had a question, however, I've found overall that 3 out 4 e-mails go unanswered. Those who cannot bank in person should stay away....thanks.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 14812 |
| Year Established | 1923 |
| Employees | 133 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 19.94% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $404.8MM$386.9MM |
| Loans | Q1 2023vs Q1 2022 | $186.9MM$160.5MM |
| Deposits | Q1 2023vs Q1 2022 | $373.2MM$340.9MM |
| Equity Capital | Q1 2023vs Q1 2022 | $25.6MM$30.2MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $2.2MM$2.4MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $0$171.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |