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

Jump to:

  • 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 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 by origination volume include: Des Moines, Las Vegas, Oskaloosa, Pella, and Omaha among others. We have data for 53 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.86% 4/14/24
    30 Year Conventional Purchase 6.60% 4/14/24
    30 Year Conventional Refi 6.70% 4/14/24
    30 Year Cash-out Refi 6.75% 4/14/24
    30 Year USDA Purchase 6.57% 4/14/24
    15 Year Conventional Purchase 6.19% 4/14/24
    15 Year Conventional Refi 6.31% 4/14/24
    15 Year Cash-out Refi 6.31% 4/14/24
    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

    1,145

    Origination Dollar Volume (All Markets)

    $252,055,000

    Employee count

    257 Show all (15) 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) 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.

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

    Bank
    Similarity Rank: 82
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 102
    VisionBank of Iowa
    Similarity Rank: 187
    GREATER IOWA CREDIT UNION
    Similarity Rank: 252
    Fidelity Bank
    Similarity Rank: 336
    Raccoon Valley Bank
    Similarity Rank: 540
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 570
    ALOHA PACIFIC
    Similarity Rank: 670
    Luana Savings Bank
    Similarity Rank: 768
    S&S Financial
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Bank Iowa's most frequently originated type of loan was Conventional, with 1,105 originations. Their 2nd most popular type was USDA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Bank Iowa's most frequently cited loan purpose was Home Purchase, with 502 originations. The 2nd most popular reason was 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 2021, Bank Iowa's most frequently cited loan duration was 30 Year, with 610 originations. The 2nd most popular length was 15 Year, with 255 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 2 $410,000 $205,000
    $5k+ 2 $670,000 $335,000
    $3k-4k 1 $155,000 $155,000

    Bank Iowa's average total fees were $2,256, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.95%, while their most frequently originated rate bucket for loans was 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 or Islander 2 $210,000 $105,000 $1,776 3.85%

    Approval Rates

    Total approvals of all applications
    93.28%

    Bank Iowa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.11%

    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 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 1710 Third Avenue East Oskaloosa, IA 52577 Full Service B&M $100,136
    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
    Bank Iowa 701 West Sheridan Avenue Shenandoah, IA 51601 Full Service B&M $100,279

    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