Bank · FDIC insured
Charter Bank
A $227.5M bank headquartered in Johnston, IA, with 4 branches in Iowa. Best rates: CDs 4.50% and savings 0.90% APY.
Charter Bank Carrot Score
84
Carrot Score
Higher than 67% of U.S. banks and credit unions
#22 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Charter Bank
Charter Bank operates under local management, board governance, and ownership.
The bank serves customers through locations in Johnston, Grimes, Waukee, and Ankeny, Iowa.
- Headquarters
- 5526 Nw 86th St, Johnston, IA 50131
- FDIC certificate
- 34686 ↗
Branches
4 branches in Iowa
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Iowa
4 branches
- Charter BankMain office5526 Nw 86th St, Johnston, IA 50131Directions
- Ankeny Branch2905 Sw Oralabor Rd, Ankeny, IA 50023Directions
- Grimes Branch150 Se Gateway Dr, Grimes, IA 50111Directions
- Waukee Branch455 6th St, Waukee, IA 50263Directions
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 | 11.03% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.75% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $82 | $81 | — |
- CapitalLeverage ratio11.03%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.75%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$82Peers’ 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 Charter Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.