Bank · FDIC insured
South Ottumwa Savings Bank
A $565.4M bank headquartered in Ottumwa, IA, with 6 branches in Iowa. Best rates: CDs 4.31% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. Savings: rates are not published online. Auto loans: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all). Credit cards: no rates found on its website.
- CDs884.31%for 9–15 monthsCD rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About South Ottumwa Savings Bank
South Ottumwa Savings Bank is a locally owned bank established in 1903 that specializes in agricultural, commercial, and real estate lending.
Originally established to serve Ottumwa and Wapello County, the bank has expanded its territory to Hedrick, Keokuk County, Muscatine County, and Albia in Monroe County.
Its growth includes purchasing Hedrick Savings Bank in 2011, merging with West Liberty State Bank in 2015, and acquiring Peoples State Bank in 2020.
- Headquarters
- 320 Church St, Ottumwa, IA 52501
- FDIC certificate
- 9099 ↗
Branches
6 branches in Iowa
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Iowa
6 branches
Ottumwa area · 2
- South Ottumwa Savings BankMain office320 Church St, Ottumwa, IA 52501Directions
- North Court Branch2525 N Court St, Ottumwa, IA 52501Directions
Albia area · 2
- 102 South Main Branch102 S Main St, Albia, IA 52531Directions
- Albia Drive-Thru Branch217 S Main St, Albia, IA 52531Directions
Hedrick area · 1
- Hedrick Branch101 S Main St, Hedrick, IA 52563Directions
Muscatine area · 1
- West Liberty State Bank Branch101 E 4th St, West Liberty, IA 52776Directions
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 | 13.00% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.83% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.40% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $68 | $81 | — |
- CapitalLeverage ratio13.00%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.83%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.40%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$68Peers’ 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 South Ottumwa Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.