Bank · FDIC insured
Fairfax State Savings Bank
A $287M bank headquartered in Fairfax, IA, with 3 branches in Iowa. Best rates: CDs 4.25% and savings 0.25% APY.
Fairfax State Savings Bank Carrot Score
74
Carrot Score
Higher than 37% of U.S. banks and credit unions
#16 of 29 in Cedar Rapids, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Fairfax State Savings Bank
Fairfax State Savings Bank is an independent bank headquartered in Fairfax, Iowa, where it was first chartered in 1924.
The bank opened its Bankhaus office in the Amana Colonies in 2016 and added a Kingston location in Cedar Rapids in 2022 focused on professional and commercial lending.
- Headquarters
- 409 Vanderbilt St, Fairfax, IA 52228
- FDIC certificate
- 8083 ↗
Branches
3 branches in Iowa
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Iowa
3 branches
Cedar Rapids area · 2
- Fairfax State Savings BankMain office409 Vanderbilt St, Fairfax, IA 52228Directions
- Kingston Branch211 3rd Ave Sw, Cedar Rapids, IA 52404Directions
Amana area · 1
- Bankhaus4304 220th Trl, Amana, IA 52203Directions
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 | 9.46% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.25% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.73% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $69 | $81 | — |
- CapitalLeverage ratio9.46%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.25%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.73%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$69Peers’ 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 Fairfax State Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.