Bank · FDIC insured
BANK
A $217.4M bank headquartered in Wapello, IA, with 7 branches in Iowa. Best rates: CDs 3.74% and savings 0.05% APY.
BANK Carrot Score
62
Carrot Score
Higher than 7% of U.S. banks and credit unions
#17 of 21 in Iowa City, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About BANK
Founded in 1900 as State Bank of Morning Sun, Iowa, the institution was reorganized and chartered as Iowa State Bank in 1931.
After rebranding all branches as BANK in 2017, it expanded its Eastern Iowa presence in 2025 by acquiring First Trust and Savings Bank.
- Headquarters
- 409 Highway 61 S, Wapello, IA 52653
- FDIC certificate
- 14291 ↗
Branches
7 branches in Iowa
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Iowa
7 branches
Burlington area · 2
- Burlington Branch1403 S. Rooselvelt, Burlington, IA 52601Directions
- Mediapolis Branch527 Main St, Mediapolis, IA 52637Directions
Iowa City area · 2
- Coralville Branch1831 2nd St, Coralville, IA 52241Directions
- Oxford Branch102 N Augusta Ave, Oxford, IA 52322Directions
Wapello area · 1
- BankMain office409 Highway 61 S, Wapello, IA 52653Directions
Morning Sun area · 1
- Morning Sun Branch509 S Main St, Morning Sun, IA 52640Directions
Des Moines area · 1
- West Des Moines Branch270 S 68th St, West Des Moines, IA 50266Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.68% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.78% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.67% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $71 | $81 | — |
- CapitalLeverage ratio8.68%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.78%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.67%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$71Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of BANK are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.