Bank Iowa Mortgage Rates, Fees & Info
West Des Moines, IALEI: 549300NDNZ6EWP8BJI88
Tax ID: 42-0181970
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Overview
Bank Iowa is a smaller bank specializing in Home Purchase and Refi loans. Bank Iowa has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Des Moines, Las Vegas, Oskaloosa, Pella, and Omaha among others. Bank Iowa has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bank Iowa is typically a low fee lendor.Originations
1,145Origination Dollar Volume (All Markets)
$252,055,000Employee count
257Awards
Bank Iowa - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Bank Iowa's average 30 year fixed rate mortgage of loans were
2.95%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.2%.
Relative Fees
Bank Iowa's average total fees for a 30 year fixed rate
mortgage are $2,256.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 435 | $134,825,000 | $309,943 | $1,993 | 2.81% |
| Outside of Metro Areas | 431 | $55,335,000 | $128,387 | $2,033 | 3.09% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 53 | $17,055,000 | $321,792 | $3,157 | 2.78% |
| Oskaloosa, IA (FHA|USDA|VA) | 63 | $8,795,000 | $139,603 | $1,836 | 3.23% |
| Pella, IA (FHA|USDA|VA) | 39 | $7,995,000 | $205,000 | $2,156 | 2.91% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 21 | $3,875,000 | $184,524 | $1,855 | 2.98% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 15 | $2,425,000 | $161,667 | $1,524 | 2.96% |
| AMES, IA (FHA|USDA|VA) | 10 | $1,990,000 | $199,000 | $2,303 | 3.05% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $3,231 | 3.00% |
| Carroll, IA (FHA|USDA|VA) | 9 | $1,385,000 | $153,889 | $1,956 | 3.22% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 3.85% |
| Fort Dodge, IA (FHA|USDA|VA) | 11 | $1,175,000 | $106,818 | $1,763 | 3.47% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $2,857 | 2.56% |
| Marshalltown, IA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,335 | 2.91% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,381 | 3.25% |
| IOWA CITY, IA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,091 | 3.33% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $1,881 | 2.79% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,082 | 1.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,339 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,761 | 2.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,742 | 2.93% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,842 | 1.88% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,913 | 2.88% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,447 | 2.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,268 | 2.62% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,434 | 2.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,322 | 3.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $1,857 | 3.19% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,617 | 2.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,970 | 2.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,635 | 2.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,876 | 1.99% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,035 | 3.13% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,753 | 2.50% |
| Kearney, NE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,025 | 2.63% |
| Mason City, IA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,860 | 2.81% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,377 | 3.38% |
| Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,450 | 2.13% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,994 | 2.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,880 | 2.50% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,878 | 3.13% |
| Ottumwa, IA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,017 | 2.94% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,331 | 2.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,479 | 2.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,656 | 2.50% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,814 | 3.12% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,688 | 2.50% |
| MADISON, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,494 | 2.99% |
| Duncan, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,091 | 2.63% |
| Hastings, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,580 | 2.75% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,991 | 1.99% |
| Marshall, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,190 | 3.63% |
Bank Iowa's top markets include Des Moines, Las Vegas, Oskaloosa, Pella, and Omaha among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,105 | $247,465,000 | $223,950 | $2,024 | 2.97% |
| USDA | 40 | $4,590,000 | $114,750 | $3,633 | 2.62% |
For the 2021 period, Bank Iowa's most frequently originated loan type of loans were Conventional, with 1,105 originations. Their 2nd most popular type is USDA, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 502 | $103,890,000 | $206,952 | $2,365 | 3.13% |
| Refi | 427 | $110,635,000 | $259,098 | $1,835 | 2.78% |
| Cash Out Refi | 201 | $36,125,000 | $179,726 | $2,027 | 2.80% |
| Other | 8 | $760,000 | $95,000 | $1,032 | 4.34% |
| Home Improvement | 7 | $645,000 | $92,143 | $2,091 | 4.58% |
For the 2021, Bank Iowa's most frequently cited loan purpose of loans were Home Purchase, with 502 originations. The 2nd most popular reason of loans were Refi, with 427 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 610 | $127,960,000 | $209,770 | $2,256 | 2.95% |
| 15 Year | 255 | $37,765,000 | $148,098 | $1,877 | 2.47% |
| 20 Year | 101 | $15,455,000 | $153,020 | $1,887 | 3.08% |
| Other | 72 | $48,650,000 | $675,694 | $1,412 | 3.66% |
| 10 Year | 50 | $5,720,000 | $114,400 | $1,735 | 2.74% |
| 5 Year | 45 | $15,375,000 | $341,667 | $0 | 4.26% |
| 1 Year | 10 | $1,000,000 | $100,000 | $0 | 4.35% |
| 3 Year | 2 | $130,000 | $65,000 | $0 | 3.95% |
For the 2021, Bank Iowa's most frequently cited loan length of loans were 30 Year, with 610 originations. The 2nd most popular length of loans were 15 Year, with 255 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 879 | $167,595,000 | $190,666 |
| $1k-2k | 56 | $9,100,000 | $162,500 |
| $2k-3k | 11 | $2,285,000 | $207,727 |
| $3k-4k | 3 | $565,000 | $188,333 |
| $5k+ | 2 | $670,000 | $335,000 |
$2,256 of loans were Bank Iowa's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 879 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 413 | $86,445,000 | $209,310 |
| <2.5% | 343 | $59,815,000 | $174,388 |
| 3-4% | 316 | $99,340,000 | $314,367 |
| 4-5% | 65 | $6,015,000 | $92,538 |
| 5-6% | 7 | $425,000 | $60,714 |
| 6-7% | 1 | $15,000 | $15,000 |
During 2021, Bank Iowa's average interest rate of loans were 2.95%, while their most frequently originated rate bucket of loans were 2.5-3%, with 413 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 442 | $63,810,000 | $144,367 | $2,015 | 2.94% |
| $200k-400k | 308 | $82,930,000 | $269,253 | $2,140 | 2.79% |
| $100,000 or less | 303 | $20,285,000 | $66,947 | $1,943 | 3.14% |
| $400k-600k | 66 | $31,710,000 | $480,455 | $2,848 | 2.80% |
| $1MM+ | 17 | $46,935,000 | $2,760,882 | $0 | 3.46% |
| $600k-1MM | 9 | $6,385,000 | $709,444 | $2,789 | 3.40% |
2021 saw Bank Iowa place emphasis on $100k-200k loans with 442 originations, totaling $63,810,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 232 | $51,410,000 | $221,595 | $2,104 | 2.87% |
| $50k-75k | 224 | $33,400,000 | $149,107 | $1,977 | 2.84% |
| $50k or less | 224 | $22,840,000 | $101,964 | $2,151 | 2.97% |
| $75k-100k | 186 | $32,620,000 | $175,376 | $2,041 | 2.95% |
| $150k-250k | 115 | $29,665,000 | $257,957 | $2,284 | 2.80% |
| $250k+ | 49 | $16,125,000 | $329,082 | $2,202 | 2.76% |
Bank Iowa lent most frequently to those with incomes in the $100k-150k range, with 232 originations. The second most popular income band? $50k-75k, with 224 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 310 | $55,850,000 | $180,161 | $2,046 | 2.82% |
| <20% | 201 | $33,655,000 | $167,438 | $1,945 | 2.83% |
| 30-36% | 197 | $38,395,000 | $194,898 | $2,199 | 2.81% |
| 39% | 31 | $6,225,000 | $200,806 | $2,133 | 2.83% |
| 40% | 28 | $5,760,000 | $205,714 | $2,119 | 2.78% |
| 37% | 27 | $5,375,000 | $199,074 | $2,518 | 2.87% |
| 38% | 24 | $3,870,000 | $161,250 | $2,129 | 2.81% |
| 43% | 24 | $4,400,000 | $183,333 | $2,037 | 2.86% |
| 41% | 22 | $4,000,000 | $181,818 | $1,937 | 2.91% |
| 36% | 22 | $4,320,000 | $196,364 | $2,207 | 2.66% |
| 42% | 21 | $4,835,000 | $230,238 | $2,803 | 2.87% |
| 44% | 20 | $3,260,000 | $163,000 | $2,168 | 2.88% |
| 49% | 20 | $4,320,000 | $216,000 | $2,293 | 3.02% |
| 45% | 19 | $3,545,000 | $186,579 | $2,169 | 2.87% |
| 46% | 18 | $3,180,000 | $176,667 | $2,155 | 2.88% |
| 48% | 16 | $3,370,000 | $210,625 | $1,979 | 2.74% |
| 47% | 10 | $1,850,000 | $185,000 | $1,840 | 2.55% |
| >60% | 6 | $970,000 | $161,667 | $1,348 | 4.05% |
| 50-60% | 4 | $560,000 | $140,000 | $1,572 | 3.36% |
Bank Iowa lent most frequently to those with DTI ratios of 20-30%, with 310 originations. The next most common DTI ratio? <20%, with 201 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 993 | $176,325,000 | $177,568 | $2,085 | 2.90% |
| Not applicable | 81 | $59,215,000 | $731,049 | $0 | 3.83% |
| Not provided | 44 | $10,280,000 | $233,636 | $2,168 | 2.74% |
| Black | 10 | $2,300,000 | $230,000 | $2,128 | 2.91% |
| Asian | 8 | $2,190,000 | $273,750 | $2,533 | 2.64% |
| American Indian | 5 | $985,000 | $197,000 | $2,146 | 2.90% |
| Asian Indian | 2 | $550,000 | $275,000 | $1,894 | 2.56% |
| Native Hawaiian | 2 | $210,000 | $105,000 | $1,776 | 3.85% |
Approval Rates
Total approvals of all applications93.98%
Bank Iowa has an average approval rate.
Pick Rate
Approvals leading to origination86.71%
Bank Iowa has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,145 | $252,055,000 | $220,135 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,145 | $252,055,000 | $220,135 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 77 | $13,135,000 | $170,584 | $1,896 | 2.89% |
| 40-60% | 189 | $28,185,000 | $149,127 | $1,852 | 2.80% |
| 60-80% | 469 | $104,905,000 | $223,678 | $1,967 | 2.96% |
| 80-100% | 372 | $71,510,000 | $192,231 | $2,371 | 2.96% |
| Over 100% | 5 | $765,000 | $153,000 | $3,026 | 3.04% |
| Under 20% | 33 | $33,555,000 | $1,016,818 | $1,525 | 3.78% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank Iowa | 1710 Third Avenue East Oskaloosa, IA 52577 | Full Service B&M | $100,136 |
| Bank Iowa | 100 North Walnut Street Colfax, IA 50054 | Full Service B&M | $65,099 |
| Bank Iowa | 101 N. 15th Street Clarinda, IA 51632 | Full Service B&M | $128,704 |
| Bank Iowa | 102 1st Avenue, Southwest Waucoma, IA 52171 | Full Service B&M | $34,769 |
| Bank Iowa | 106 Southeast C Avenue Gilmore City, IA 50541 | Full Service B&M | $8,780 |
| Bank Iowa | 1108 Broadway Denison, IA 51442 | Full Service B&M | $93,482 |
| Bank Iowa | 121 Second Street Schleswig, IA 51461 | Full Service B&M | $39,575 |
| Bank Iowa | 1225 Jordan Creek Parkway, Suite 200 West Des Moines, IA 50266 | Full Service B&M | $135,995 |
| Bank Iowa | 1300 West Nishna Road Shenandoah, IA 51601 | Limited, Drive-thru | $0 |
| Bank Iowa | 1302 5th Avenue North Humboldt, IA 50548 | Limited, Drive-thru | $0 |
| Bank Iowa | 165 North Woodward Avenue Fredericksburg, IA 50630 | Full Service B&M | $17,668 |
| Bank Iowa | 17 Main Street Charter Oak, IA 51439 | Full Service B&M | $11,996 |
| Bank Iowa | 701 West Sheridan Avenue Shenandoah, IA 51601 | Full Service B&M | $100,279 |
| Bank Iowa | 1805 North Broadway Red Oak, IA 51566 | Full Service B&M | $68,302 |
| Bank Iowa | 210 East Main Street Fremont, IA 52561 | Full Service B&M | $27,588 |
| Bank Iowa | 215 West 2nd Street North Newton, IA 50208 | Full Service B&M | $75,674 |
| Bank Iowa | 300 South Third Avenue Villisca, IA 50864 | Full Service B&M | $34,962 |
| Bank Iowa | 308 E Grove St Lawler, IA 52154 | Full Service B&M | $83,945 |
| Bank Iowa | 341 Fourth Street Manilla, IA 51454 | Full Service B&M | $31,937 |
| Bank Iowa | 420 8th Street Southeast Altoona, IA 50009 | Full Service B&M | $94,545 |
| Bank Iowa | 506 Sumner Avenue Humboldt, IA 50548 | Full Service B&M | $193,477 |
| Bank Iowa | 528 Iowa Street Essex, IA 51638 | Full Service B&M | $32,912 |
| Bank Iowa | 5525 Merle Hay Rd, Suite 195 Johnston, IA 50131 | Full Service B&M | $41,996 |
| Bank Iowa | 606 West Milwaukee New Hampton, IA 50659 | Full Service B&M | $54,514 |
| Bank Iowa | 640 Washington Street Pella, IA 50219 | Full Service B&M | $20,124 |
For 2021, Bank Iowa had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $62,356 |
| Net interest income | $58,820 |
| Total noninterest income | $10,712 |
| Gross Fiduciary activities income | $1 |
| Service charges on deposit accounts | $2,052 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,659 |
| Pre-tax net operating income | $25,769 |
| Securities gains (or losses, -) | $57 |
| Income before extraordinary items | $24,557 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,557 |
| Minority interest net income | $0 |
| Net income | $24,557 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $24,502 |
Bank Iowa's gross interest income from loans was $62,356,000.
Bank Iowa's net interest income from loans was $58,820,000.
Bank Iowa's fee based income from loans was $2,052,000.
Bank Iowa's net income from loans was $24,557,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,536 |
| Provision for credit losses | $2,850 |
| Total noninterest expense | $40,913 |
| Salaries and employee benefits | $27,417 |
| Premises and equipment expense | $3,669 |
| Additional noninterest expense | $9,827 |
| Applicable income taxes | $1,269 |
| Net charge-offs | $1,009 |
| Cash dividends | $9,500 |
Bank Iowa's interest expense for loans was $3,536,000.
Bank Iowa's payroll and benefits expense were $27,417,000.
Bank Iowa's property, plant and equipment expenses $3,669,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,541,369 |
| Deposits held in domestic offices | $1,541,369 |
| Deposits by Individuals, partnerships, and corporations | $1,264,928 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $272,100 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,341 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $717,911 |
| Demand deposits | $487,659 |
| Nontransaction accounts | $823,458 |
| Money market deposit accounts (MMDAs) | $368,883 |
| Other savings deposits (excluding MMDAs) | $147,976 |
| Total time deposits | $306,599 |
| Total time and savings deposits | $1,053,710 |
| Noninterest-bearing deposits | $412,780 |
| Interest-bearing deposits | $1,128,589 |
| Retail deposits | $1,431,577 |
| IRAs and Keogh plan accounts | $41,448 |
| Brokered deposits | $49,138 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,758,051 |
| Cash & Balances due from depository institutions | $58,207 |
| Interest-bearing balances | $42,929 |
| Total securities | $486,337 |
| Federal funds sold & reverse repurchase | $2,508 |
| Net loans and leases | $1,144,464 |
| Loan and leases loss allowance | $19,436 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $24,474 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,300 |
| All other assets | $40,761 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,758,051 |
| Total Liabilities | $1,590,644 |
| Total deposits | $1,541,369 |
| Interest-bearing deposits | $1,128,589 |
| Deposits held in domestic offices | $1,541,369 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $10,660 |
| Trading liabilities | $0 |
| Other borrowed funds | $30,000 |
| Subordinated debt | $0 |
| All other liabilities | $8,615 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,144,464 |
| Loan and leases loss allowance | $19,436 |
| Total loans and leases (domestic) | $1,163,900 |
| All real estate loans | $839,623 |
| Real estate loans in domestic offices | $839,623 |
| Construction and development loans | $88,948 |
| Residential 1-4 family construction | $9,802 |
| Other construction, all land development and other land | $79,146 |
| Loans secured by nonfarm nonresidential properties | $236,135 |
| Nonfarm nonresidential secured by owner-occupied properties | $101,125 |
| Commercial real estate & other non-farm, non-residential | $135,010 |
| Multifamily residential real estate | $69,183 |
| 1-4 family residential loans | $147,954 |
| Farmland loans | $297,403 |
| Loans held in foreign offices | $0 |
| Farm loans | $165,923 |
| Commercial and industrial loans | $119,895 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $13,146 |
| Credit card loans | $894 |
| Related Plans | $157 |
| Consumer Auto Loans | $6,014 |
| Other loans to individuals | $6,081 |
| All other loans & leases | $25,313 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $358 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $36 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $125 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Bank Iowa had $1,144,464,000 of loans outstanding in 2021. $839,623,000 of loans were in real estate loans. $88,948,000 of loans were in development loans. $69,183,000 of loans were in multifamily mortgage loans. $147,954,000 of loans were in 1-4 family mortgage loans. $165,923,000 of loans were in farm loans. $894,000 of loans were in credit card loans. $6,014,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 350 | $63,851 | $182,431 |
| Nonfarm, nonresidential loans - <$100k | 130 | $5,654 | $43,492 |
| Nonfarm, nonresidential loans - $100-250k | 115 | $14,297 | $124,322 |
| Nonfarm, nonresidential loans - $250k-1MM | 105 | $43,900 | $418,095 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,083 | $61,672 | $56,946 |
| Commercial & Industrial, US addressed loans - <$100k | 812 | $20,524 | $25,276 |
| Commercial & Industrial, US addressed loans - $100-250k | 174 | $17,273 | $99,270 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 97 | $23,875 | $246,134 |
| Farmland loans - <$1MM | 820 | $116,603 | $142,199 |
| Farmland loans - <$100k | 259 | $9,909 | $38,259 |
| Farmland loans - $100-250k | 341 | $43,090 | $126,364 |
| Farmland loans - $250k-1MM | 220 | $63,604 | $289,109 |
| Agriculture operations loans - <$1MM | 1,776 | $99,533 | $56,043 |
| Agriculture operations loans - <$100k | 1,260 | $30,612 | $24,295 |
| Agriculture operations loans - $100-250k | 324 | $32,925 | $101,620 |
| Agriculture operations loans - $250k-1MM | 192 | $35,996 | $187,479 |
