Bank · FDIC insured
Connection Bank
A $540.9M bank headquartered in Fort Madison, IA, with 5 branches in Iowa. Best rates: CDs 1.21% and savings 0.15% APY.
Connection Bank Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#5 of 5 in Fort Madison, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Connection Bank
Established in 1854 as Iowa's first banking institution, Connection Bank was formerly known as Fort Madison Bank & Trust (FMBT).
On September 19, 2016, Fort Madison Bank & Trust merged with Keokuk-based KSB Bank to become Connection Bank.
The bank operates branch locations in Keokuk, Montrose, Fort Madison, and Burlington, Iowa.
- Headquarters
- 636 Avenue G, Fort Madison, IA 52627
- FDIC certificate
- 955 ↗
Branches
5 branches in Iowa
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Iowa
5 branches
Fort Madison area · 4
- Connection BankMain office636 Avenue G, Fort Madison, IA 52627Directions
- River Hills Branch1206 48th St, Fort Madison, IA 52627Directions
- Keokuk Branch2119 Main St, Keokuk, IA 52632Directions
- Montrose Branch121 S 1st St, Montrose, IA 52639Directions
Burlington area · 1
- Burlington Branch115 Legacy Dr, Burlington, IA 52601Directions
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 | 9.98% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.26% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.75% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $105 | $81 | — |
- CapitalLeverage ratio9.98%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.26%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.75%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$105Peers’ 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 Connection Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.