Bank · FDIC insured
Clear Lake Bank and Trust Company
A $649.3M bank headquartered in Clear Lake, IA, with 5 branches in Iowa. Best rates: CDs 4.27% and savings 1.00% APY.
Clear Lake Bank and Trust Company Carrot Score
80
Carrot Score
Higher than 51% of U.S. banks and credit unions
#2 of 9 in Mason City, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Clear Lake Bank and Trust Company
Clear Lake Bank & Trust Company was founded in 1934 under local ownership and proudly serves Clear Lake, Mason City, and Garner, Iowa.
The bank expanded services to Hancock County by purchasing a Garner bank in 1992 and acquired Community National Bank offices in downtown Mason City in 2013.
- Headquarters
- 322 Main Ave, Clear Lake, IA 50428
- FDIC certificate
- 15690 ↗
Branches
5 branches in Iowa
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Iowa
5 branches
Mason City area · 4
- Clear Lake Bank and Trust CompanyMain office322 Main Ave, Clear Lake, IA 50428Directions
- Drive-Up Facility21 North 4th Street, Clear Lake, IA 50428Directions
- 100 East State Street Branch100 E State St, Mason City, IA 50401Directions
- Mason City Branch425 Tiffany Dr, Mason City, IA 50401Directions
Garner area · 1
- Garner Branch325 State St, Garner, IA 50438Directions
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 | 8.53% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.94% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $85 | $81 | — |
- CapitalLeverage ratio8.53%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.94%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$85Peers’ 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 Clear Lake Bank and Trust Company are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.