Bank Iowa Mortgage Rates, Fees & Info

West Des Moines, IA

LEI: 549300NDNZ6EWP8BJI88

Tax ID: 42-0181970

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bank Iowa is a smaller bank specializing in Refi and Home Purchase loans. Bank Iowa has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Des Moines, Las Vegas, Pella, Minneapolis, and Oskaloosa among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Iowa has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Iowa is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.86% 12/16/24
    30 Year Conventional Purchase 6.60% 12/16/24
    30 Year Conventional Refi 6.70% 12/16/24
    30 Year Cash-out Refi 6.75% 12/16/24
    30 Year USDA Purchase 6.57% 12/16/24
    15 Year Conventional Purchase 6.19% 12/16/24
    15 Year Conventional Refi 6.31% 12/16/24
    15 Year Cash-out Refi 6.31% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Bank Iowa Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bank Iowa. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,326

    Origination Dollar Volume (All Markets)

    $269,650,000

    Employee count

    264 Show all (13) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 529 $119,815,000 $226,493 $1,898 3.02%
    Outside of Metro Areas 483 $65,585,000 $135,787 $1,877 3.20%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 49 $14,565,000 $297,245 $2,569 2.89%
    Pella, IA (FHA|USDA|VA) 55 $13,655,000 $248,273 $1,614 3.16%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $12,580,000 $6,290,000 $2,294 2.69%
    Oskaloosa, IA (FHA|USDA|VA) 69 $12,535,000 $181,667 $1,793 3.43%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 29 $4,715,000 $162,586 $2,261 3.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,935,000 $419,286 $2,192 3.38%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 10 $2,160,000 $216,000 $1,668 2.83%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $2,075,000 $296,429 $1,858 2.55%
    AMES, IA (FHA|USDA|VA) 8 $1,770,000 $221,250 $1,928 2.89%
    Ottumwa, IA (FHA|USDA|VA) 11 $1,415,000 $128,636 $1,482 2.90%
    Carroll, IA (FHA|USDA|VA) 8 $1,180,000 $147,500 $2,161 3.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $975,000 $325,000 $2,915 2.58%
    Spirit Lake, IA (FHA|USDA|VA) 2 $920,000 $460,000 $2,214 2.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $890,000 $222,500 $1,906 2.94%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $800,000 $400,000 $3,537 2.44%
    MODESTO, CA (FHA|USDA|VA) 2 $760,000 $380,000 $2,062 3.56%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $540,000 $270,000 $1,937 2.93%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $515,000 $515,000 $4,789 3.13%
    FARGO, ND-MN (FHA|USDA|VA) 1 $515,000 $515,000 $2,931 2.88%
    Ontario, OR-ID (FHA|USDA|VA) 1 $485,000 $485,000 $5,049 2.88%
    LINCOLN, NE (FHA|USDA|VA) 1 $465,000 $465,000 $0 3.85%
    Fort Dodge, IA (FHA|USDA|VA) 5 $465,000 $93,000 $1,385 3.48%
    Mason City, IA (FHA|USDA|VA) 3 $465,000 $155,000 $1,937 3.08%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $435,000 $435,000 $4,605 2.49%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,241 2.63%
    Pahrump, NV (FHA|USDA|VA) 2 $350,000 $175,000 $2,423 3.31%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $340,000 $170,000 $1,736 3.00%
    SALINAS, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,301 2.50%
    Salem, OH (FHA|USDA|VA) 1 $325,000 $325,000 $3,068 2.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $315,000 $315,000 $4,461 2.38%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $305,000 $305,000 $2,406 3.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,024 2.25%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $285,000 $285,000 $2,488 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,452 3.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $255,000 $255,000 $2,355 2.88%
    Clinton, IA (FHA|USDA|VA) 1 $255,000 $255,000 $3,005 2.88%
    TUCSON, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $1,863 2.50%
    Maryville, MO (FHA|USDA|VA) 2 $250,000 $125,000 $1,994 3.13%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $2,032 2.63%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,089 2.38%
    Branson, MO (FHA|USDA|VA) 1 $215,000 $215,000 $1,648 2.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $175,000 $175,000 $2,603 2.88%
    Hastings, NE (FHA|USDA|VA) 1 $165,000 $165,000 $1,543 2.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $165,000 $165,000 $1,855 3.13%
    Kirksville, MO (FHA|USDA|VA) 1 $165,000 $165,000 $1,678 3.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.13%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $2,249 2.75%
    Spencer, IA (FHA|USDA|VA) 1 $145,000 $145,000 $1,471 2.63%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $1,925 2.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $115,000 $115,000 $2,132 2.38%
    Quincy, IL-MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,583 3.63%
    Fairfield, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,466 4.63%
    Bank Iowa's top markets include Des Moines, Las Vegas, Pella, Minneapolis, and Oskaloosa among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank Iowa based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FINANCIAL PLUS Credit Union
    Similarity Rank: 172
    GREATER IOWA CREDIT UNION
    Similarity Rank: 204
    Raccoon Valley Bank
    Similarity Rank: 299
    Fidelity Bank
    Similarity Rank: 330
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 442
    MEMBERS1st Community Credit Union
    Similarity Rank: 546
    Premier Credit Union
    Similarity Rank: 588
    Luana Savings Bank
    Similarity Rank: 832
    SILVER STATE SCHOOLS SERVICE COMPANY, LLC
    Similarity Rank: 1056
    Community Choice Credit Union
    Similarity Rank: 1062

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,290 $266,180,000 $206,341 $1,890 3.11%
    USDA 36 $3,470,000 $96,389 $3,163 2.96%

    For 2020, Bank Iowa's most frequently originated type of loan was Conventional, with 1,290 originations. Their 2nd most popular type was USDA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 611 $141,855,000 $232,169 $1,738 3.00%
    Home Purchase 482 $84,240,000 $174,772 $2,188 3.30%
    Cash Out Refi 219 $42,845,000 $195,639 $2,001 2.90%
    Home Improvement 8 $290,000 $36,250 $326 4.40%
    Other 6 $420,000 $70,000 $676 4.40%

    For 2020, Bank Iowa's most frequently cited loan purpose was Refi, with 611 originations. The 2nd most popular reason was Home Purchase, with 482 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 685 $144,595,000 $211,088 $2,072 3.06%
    15 Year 327 $56,695,000 $173,379 $1,813 2.65%
    20 Year 133 $26,245,000 $197,331 $1,775 3.07%
    5 Year 78 $6,970,000 $89,359 $432 4.56%
    Other 69 $19,275,000 $279,348 $1,197 3.93%
    10 Year 26 $15,010,000 $577,308 $1,469 3.32%
    1 Year 5 $735,000 $147,000 $0 4.91%
    3 Year 3 $125,000 $41,667 $0 4.21%

    For 2020, Bank Iowa's most frequently cited loan duration was 30 Year, with 685 originations. The 2nd most popular length was 15 Year, with 327 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,053 $210,145,000 $199,568
    $1k-2k 65 $9,785,000 $150,538
    $2k-3k 5 $1,145,000 $229,000
    $4k-5k 4 $1,220,000 $305,000
    $3k-4k 3 $815,000 $271,667
    $5k+ 1 $505,000 $505,000

    Bank Iowa's average total fees were $2,072, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,053 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 474 $106,870,000 $225,464
    3-4% 408 $83,540,000 $204,755
    <2.5% 307 $65,025,000 $211,808
    4-5% 122 $13,070,000 $107,131
    5-6% 14 $1,030,000 $73,571
    6-7% 1 $115,000 $115,000

    During 2020, Bank Iowa's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 474 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 451 $67,185,000 $148,969 $1,872 3.04%
    $200k-400k 435 $119,645,000 $275,046 $1,956 2.90%
    $100,000 or less 358 $22,880,000 $63,911 $1,832 3.48%
    $400k-600k 71 $32,895,000 $463,310 $2,499 2.82%
    $600k-1MM 6 $5,560,000 $926,667 $1,943 3.99%
    $1MM+ 5 $21,485,000 $4,297,000 $0 3.66%

    2020 saw Bank Iowa place emphasis on $100k-200k loans with 451 originations, totaling $67,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 286 $60,280,000 $210,769 $1,843 3.02%
    $50k-75k 235 $33,975,000 $144,574 $1,938 3.04%
    $75k-100k 203 $35,785,000 $176,281 $1,924 2.97%
    $50k or less 199 $18,015,000 $90,528 $1,966 3.26%
    $150k-250k 195 $50,595,000 $259,462 $1,948 2.90%
    $250k+ 82 $23,780,000 $290,000 $2,078 3.18%

    Bank Iowa lent most frequently to those with incomes in the $100k-150k range, with 286 originations. The second most popular income band? $50k-75k, with 235 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 383 $77,005,000 $201,057 $1,930 2.91%
    <20% 264 $46,740,000 $177,045 $1,811 2.90%
    30-36% 231 $44,865,000 $194,221 $1,957 3.02%
    36% 50 $9,280,000 $185,600 $1,920 3.21%
    37% 34 $7,400,000 $217,647 $2,226 2.94%
    38% 32 $5,770,000 $180,313 $2,099 3.06%
    40% 30 $5,760,000 $192,000 $2,122 3.03%
    44% 29 $5,375,000 $185,345 $2,221 3.08%
    42% 28 $5,100,000 $182,143 $1,977 2.95%
    39% 19 $3,305,000 $173,947 $1,962 2.81%
    41% 19 $3,835,000 $201,842 $1,720 3.31%
    47% 16 $2,560,000 $160,000 $1,950 3.14%
    43% 15 $3,295,000 $219,667 $1,792 3.07%
    45% 12 $2,510,000 $209,167 $1,767 2.92%
    46% 12 $2,060,000 $171,667 $1,828 3.08%
    48% 11 $2,255,000 $205,000 $2,344 2.87%
    49% 7 $1,425,000 $203,571 $2,315 2.87%
    50-60% 5 $535,000 $107,000 $1,577 4.18%
    >60% 5 $345,000 $69,000 $1,317 4.13%

    Bank Iowa lent most frequently to those with DTI ratios of 20-30%, with 383 originations. The next most common DTI ratio? <20%, with 264 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,150 $208,000,000 $180,870 $1,911 3.05%
    Not applicable 71 $36,275,000 $510,915 $1,895 4.20%
    Not provided 96 $23,650,000 $246,354 $2,116 2.92%
    Asian 5 $825,000 $165,000 $2,339 3.08%
    Black 3 $755,000 $251,667 $2,253 3.29%
    Filipino 1 $145,000 $145,000 $2,369 2.75%

    Approval Rates

    Total approvals of all applications
    94.97%

    Bank Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.77%

    Bank Iowa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,326 $269,650,000 $203,356

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $29,030,000 $1,319,545
    Single Family (1-4 Units):Manufactured 4 $290,000 $72,500
    Single Family (1-4 Units):Site-Built 1,300 $240,330,000 $184,869

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 56 $7,920,000 $141,429 $1,455 3.45%
    40-60% 180 $30,530,000 $169,611 $1,805 2.96%
    60-80% 602 $140,670,000 $233,671 $1,856 3.06%
    80-100% 458 $87,480,000 $191,004 $2,121 3.11%
    Over 100% 1 $65,000 $65,000 $2,831 2.88%
    Under 20% 27 $2,915,000 $107,963 $1,332 4.33%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank Iowa 506 Sumner Avenue Humboldt, IA 50548 Full Service B&M $176,787
    Bank Iowa 100 North Walnut Street Colfax, IA 50054 Full Service B&M $60,428
    Bank Iowa 101 N. 15th Street Clarinda, IA 51632 Full Service B&M $111,477
    Bank Iowa 102 1st Avenue, Southwest Waucoma, IA 52171 Full Service B&M $33,996
    Bank Iowa 106 Southeast C Avenue Gilmore City, IA 50541 Full Service B&M $7,774
    Bank Iowa 1108 Broadway Denison, IA 51442 Full Service B&M $72,543
    Bank Iowa 121 Second Street Schleswig, IA 51461 Full Service B&M $36,200
    Bank Iowa 1225 Jordan Creek Parkway, Suite 200 West Des Moines, IA 50266 Full Service B&M $132,447
    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 $15,212
    Bank Iowa 17 Main Street Charter Oak, IA 51439 Full Service B&M $10,121
    Bank Iowa 1710 Third Avenue East Oskaloosa, IA 52577 Full Service B&M $91,677
    Bank Iowa 1805 North Broadway Red Oak, IA 51566 Full Service B&M $63,363
    Bank Iowa 210 East Main Street Fremont, IA 52561 Full Service B&M $22,593
    Bank Iowa 215 West 2nd Street North Newton, IA 50208 Full Service B&M $53,157
    Bank Iowa 300 South Third Avenue Villisca, IA 50864 Full Service B&M $33,191
    Bank Iowa 308 E Grove St Lawler, IA 52154 Full Service B&M $84,254
    Bank Iowa 341 Fourth Street Manilla, IA 51454 Full Service B&M $30,589
    Bank Iowa 420 8th Street Southeast Altoona, IA 50009 Full Service B&M $94,061
    Bank Iowa 528 Iowa Street Essex, IA 51638 Full Service B&M $30,062
    Bank Iowa 5525 Merle Hay Rd, Suite 195 Johnston, IA 50131 Full Service B&M $33,405
    Bank Iowa 606 West Milwaukee New Hampton, IA 50659 Full Service B&M $55,329
    Bank Iowa 640 Washington Street Pella, IA 50219 Full Service B&M $13,074
    Bank Iowa 701 West Sheridan Avenue Shenandoah, IA 51601 Full Service B&M $89,662

    For 2020, Bank Iowa had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,078
    Net interest income $48,368
    Total noninterest income $12,906
    Gross Fiduciary activities income $68
    Service charges on deposit accounts $1,849
    Trading account gains and fees $0
    Additional Noninterest Income $10,989
    Pre-tax net operating income $15,469
    Securities gains (or losses, -) $1,375
    Income before extraordinary items $16,024
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,024
    Minority interest net income $0
    Net income $16,024
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,717

    Bank Iowa's gross interest income from loans was $57,078,000.
    Bank Iowa's net interest income from loans was $48,368,000.
    Bank Iowa's fee based income from loans was $1,849,000.
    Bank Iowa's net income from loans was $16,024,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,710
    Provision for credit losses $5,500
    Total noninterest expense $40,305
    Salaries and employee benefits $26,237
    Premises and equipment expense $3,512
    Additional noninterest expense $10,556
    Applicable income taxes $820
    Net charge-offs $2,772
    Cash dividends $9,932

    Bank Iowa's interest expense for loans was $8,710,000.
    Bank Iowa's payroll and benefits expense were $26,237,000.
    Bank Iowa's property, plant and equipment expenses $3,512,000.

    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 1.0%
    HELOC loans 3.0%
    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 $1,449,185
    Deposits held in domestic offices $1,449,185
    Deposits by Individuals, partnerships, and corporations $1,163,084
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $282,315
    Deposits by Commercial banks and other depository institutions in U.S. $3,785
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $632,145
    Demand deposits $424,947
    Nontransaction accounts $817,039
    Money market deposit accounts (MMDAs) $321,542
    Other savings deposits (excluding MMDAs) $123,171
    Total time deposits $372,327
    Total time and savings deposits $1,024,237
    Noninterest-bearing deposits $355,419
    Interest-bearing deposits $1,093,766
    Retail deposits $1,313,761
    IRAs and Keogh plan accounts $44,080
    Brokered deposits $49,360
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,670,163
    Cash & Balances due from depository institutions $40,531
    Interest-bearing balances $21,815
    Total securities $429,773
    Federal funds sold & reverse repurchase $79
    Net loans and leases $1,128,997
    Loan and leases loss allowance $17,595
    Trading account assets $0
    Bank premises and fixed assets $25,015
    Other real estate owned $0
    Goodwill and other intangibles $1,208
    All other assets $44,560

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,670,163
    Total Liabilities $1,513,110
    Total deposits $1,449,185
    Interest-bearing deposits $1,093,766
    Deposits held in domestic offices $1,449,185
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $14,081
    Trading liabilities $0
    Other borrowed funds $36,151
    Subordinated debt $0
    All other liabilities $13,693

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,128,997
    Loan and leases loss allowance $17,595
    Total loans and leases (domestic) $1,146,592
    All real estate loans $764,585
    Real estate loans in domestic offices $764,585
    Construction and development loans $60,419
    Residential 1-4 family construction $9,764
    Other construction, all land development and other land $50,655
    Loans secured by nonfarm nonresidential properties $231,603
    Nonfarm nonresidential secured by owner-occupied properties $92,682
    Commercial real estate & other non-farm, non-residential $138,921
    Multifamily residential real estate $56,679
    1-4 family residential loans $129,133
    Farmland loans $286,751
    Loans held in foreign offices $0
    Farm loans $165,301
    Commercial and industrial loans $168,782
    To non-U.S. addressees $0
    Loans to individuals $11,690
    Credit card loans $606
    Related Plans $163
    Consumer Auto Loans $5,733
    Other loans to individuals $5,188
    All other loans & leases $36,234
    Loans to foreign governments and official institutions $0
    Other loans $7,225
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $170
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,317
    Non 1-4 family restructured loans & leases $4,196
    Total loans and leases (foreign) $0

    Bank Iowa had $1,128,997,000 of loans outstanding in 2020. $764,585,000 of loans were in real estate loans. $60,419,000 of loans were in development loans. $56,679,000 of loans were in multifamily mortgage loans. $129,133,000 of loans were in 1-4 family mortgage loans. $165,301,000 of loans were in farm loans. $606,000 of loans were in credit card loans. $5,733,000 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 332 $60,013 $180,762
    Nonfarm, nonresidential loans - <$100k 120 $5,222 $43,517
    Nonfarm, nonresidential loans - $100-250k 112 $15,053 $134,402
    Nonfarm, nonresidential loans - $250k-1MM 100 $39,738 $397,380
    Commercial & Industrial, US addressed loans - <$1MM 1,492 $83,878 $56,218
    Commercial & Industrial, US addressed loans - <$100k 1,173 $26,395 $22,502
    Commercial & Industrial, US addressed loans - $100-250k 198 $21,356 $107,859
    Commercial & Industrial, US addressed loans - $250k-1MM 121 $36,127 $298,570
    Farmland loans - <$1MM 838 $114,360 $136,468
    Farmland loans - <$100k 289 $10,623 $36,758
    Farmland loans - $100-250k 345 $43,436 $125,901
    Farmland loans - $250k-1MM 204 $60,301 $295,593
    Agriculture operations loans - <$1MM 2,064 $101,477 $49,165
    Agriculture operations loans - <$100k 1,522 $33,447 $21,976
    Agriculture operations loans - $100-250k 369 $37,556 $101,778
    Agriculture operations loans - $250k-1MM 173 $30,474 $176,150