Bank · FDIC insured
Primebank
A $800.6M bank headquartered in Le Mars, IA, with 4 branches in Iowa. Best rates: CDs 4.25% and savings 0.90% APY.
Primebank Carrot Score
84
Carrot Score
Higher than 67% of U.S. banks and credit unions
#4 of 10 in Sioux City, IA-NE-SD metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Primebank
Founded in 1891 as German State Bank, Primebank is headquartered in Le Mars, Iowa.
Controlled by Primebank, Inc. under Ahlers family leadership since 1998, the bank operates branch locations in Le Mars, Sioux Center, and Sioux City.
- Headquarters
- 37 1st Ave Nw, Le Mars, IA 51031
- FDIC certificate
- 8101 ↗
Branches
4 branches in Iowa
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Iowa
4 branches
Sioux City area · 2
- 2700 Hamilton Boulevard Branch2700 Hamilton Blvd, Sioux City, IA 51104Directions
- Sioux City Branch5680 Sunnybrook Dr, Sioux City, IA 51106Directions
Le Mars area · 1
- PrimebankMain office37 1st Ave Nw, Le Mars, IA 51031Directions
Sioux Center area · 1
- 1601 South Main Avenue Branch1601 S. Main Ave, Sioux Center, IA 51250Directions
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 | 10.99% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.86% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 2.15% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $105 | $81 | — |
- CapitalLeverage ratio10.99%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.86%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets2.15%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 Primebank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.