Bank · FDIC insured
Iowa State Bank
Top CarrotA $352.1M bank headquartered in Fairfield, IA, with 3 branches in Iowa. Best rates: CDs 4.04% and savings 2.02% APY.
Iowa State Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 78% of U.S. banks and credit unions
#2 of 7 in Ottumwa, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Iowa State Bank
Formed in 1934 from the merger of Iowa State Savings Bank and Iowa Loan and Trust Company, Iowa State Bank & Trust Company opened on May 19, 1934.
Widely held by local shareholders as a C-Corp bank, the institution was founded to provide rural communities with a locally owned and managed financial institution.
The bank serves Southeastern Iowa communities from three branches located in Fairfield, Ottumwa, and Centerville.
- Headquarters
- 55 S 4th St, Fairfield, IA 52556
- FDIC certificate
- 14413 ↗
Branches
3 branches in Iowa
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Iowa
3 branches
Fairfield area · 1
- Iowa State Bank and Trust Company of Fairfield, IowaMain office55 S 4th St, Fairfield, IA 52556Directions
Centerville area · 1
- Centerville Branch110 North 18th Street, Centerville, IA 52544Directions
Ottumwa area · 1
- Ottumwa Branch625 Pennsylvania Ave, Ottumwa, IA 52501Directions
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 | 8.01% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.10% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.24% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $84 | $81 | — |
- CapitalLeverage ratio8.01%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.10%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.24%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$84Peers’ 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 Iowa State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.