RANKING ·
Lowest cost of deposits in Iowa
194 of 227 banks in Iowa that filed for the quarter ended June 30, 2026 are ranked. At least $100 million in total assets. Institutions with equal values share a rank. Source: FDIC quarterly financial data.
| Rank | Institution | Headquarters | Cost of all deposits, annualized for the quarter | Total assets |
|---|---|---|---|---|
| 1 | Heritage Bank | Cedar Rapids, IA | -0.72% | $450 million |
| 2 | Farmers & Merchants Bank & Trust | Burlington, IA | 0.57% | $208 million |
| 3 | Fnnb Bank | Newton, IA | 0.60% | $109 million |
| 4 | Iowa Trust and Savings Bank | Centerville, IA | 0.86% | $211 million |
| 5 | Bank 1st | West Union, IA | 0.98% | $166 million |
| 6 | Farmers Savings Bank | Marshalltown, IA | 1.06% | $140 million |
| 7 | Bank Plus | Estherville, IA | 1.16% | $145 million |
| 8 | United Bank & Trust Co. | Marshalltown, IA | 1.17% | $120 million |
| 9 | State Bank & Trust Co. | Nevada, IA | 1.19% | $198 million |
| 10 | Federation Bank | Washington, IA | 1.21% | $156 million |
| 11 | Iowa State Bank | Des Moines, IA | 1.22% | $481 million |
| 12 | Hiawatha Bank & Trust Company | Hiawatha, IA | 1.23% | $157 million |
| 13 | First State Bank | Stuart, IA | 1.24% | $130 million |
| 14 | Security Savings Bank | Gowrie, IA | 1.24% | $194 million |
| 15 | Shelby County State Bank | Harlan, IA | 1.24% | $524 million |
| 16 | Sibley State Bank | Sibley, IA | 1.25% | $104 million |
| 17 | First Security Bank and Trust Company | Charles City, IA | 1.29% | $538 million |
| 18 | Iowa State Savings Bank | Creston, IA | 1.29% | $277 million |
| 19 | The Clinton National Bank | Clinton, IA | 1.29% | $396 million |
| 20 | Citizens First National Bank | Storm Lake, IA | 1.30% | $256 million |
| 21 | Cbi Bank & Trust | Muscatine, IA | 1.31% | $1.7 billion |
| 22 | First Iowa State Bank | Albia, IA | 1.32% | $396 million |
| 23 | White State Bank | South English, IA | 1.33% | $109 million |
| 24 | Farmers Savings Bank & Trust | Traer, IA | 1.33% | $213 million |
| 25 | Houghton State Bank | Red Oak, IA | 1.34% | $205 million |
| 26 | First National Bank Ames, Iowa | Ames, IA | 1.34% | $1.1 billion |
| 27 | First Community Bank | Newell, IA | 1.35% | $116 million |
| 28 | Premier Bank | Dubuque, IA | 1.37% | $358 million |
| 29 | Citizens Savings Bank | Anamosa, IA | 1.37% | $166 million |
| 30 | Security State Bank | Algona, IA | 1.39% | $110 million |
| 31 | Midstates Bank N.A. | Council Bluffs, IA | 1.39% | $654 million |
| 32 | Liberty Trust & Savings Bank | Durant, IA | 1.44% | $186 million |
| 33 | Bridge Community Bank | Mount Vernon, IA | 1.44% | $141 million |
| 34 | Glenwood State Bank | Glenwood, IA | 1.45% | $353 million |
| 35 | Libertyville Savings Bank | Fairfield, IA | 1.47% | $384 million |
| 36 | Union State Bank | Winterset, IA | 1.47% | $136 million |
| 37 | Crawford County Trust and Savings Bank | Denison, IA | 1.48% | $294 million |
| 38 | Farmers Trust & Savings Bank | Earling, IA | 1.49% | $148 million |
| 39 | Farmers & Merchants State Bank | Winterset, IA | 1.49% | $272 million |
| 40 | The Security National Bank of Sioux City, Iowa | Sioux City, IA | 1.49% | $1.7 billion |
| 41 | American Bank and Trust Company N.A. | Davenport, IA | 1.49% | $481 million |
| 42 | South Ottumwa Savings Bank | Ottumwa, IA | 1.50% | $565 million |
| 43 | Hills Bank and Trust Company | Hills, IA | 1.51% | $4.8 billion |
| 44 | Marion County State Bank | Pella, IA | 1.52% | $629 million |
| 45 | Fnb Bank | Fontanelle, IA | 1.52% | $275 million |
| 46 | Community State Bank | Spencer, IA | 1.54% | $346 million |
| 47 | West Iowa Bank | West Bend, IA | 1.55% | $222 million |
| 48 | Farmers State Bank | Algona, IA | 1.56% | $150 million |
| 49 | Farmers & Merchants Savings Bank | Manchester, IA | 1.57% | $617 million |
| 50 | The State Bank of Toledo | Toledo, IA | 1.58% | $135 million |
| 51 | Chelsea Savings Bank | Belle Plaine, IA | 1.60% | $197 million |
| 52 | Liberty National Bank | Sioux City, IA | 1.60% | $624 million |
| 53 | Northeast Security Bank | Sumner, IA | 1.64% | $462 million |
| 54 | Exchange State Bank | Ames, IA | 1.64% | $146 million |
| 55 | Community Bank & Trust Company | Muscatine, IA | 1.67% | $303 million |
| 56 | Audubon State Bank | Audubon, IA | 1.68% | $155 million |
| 57 | Citizens State Bank | Sheldon, IA | 1.69% | $195 million |
| 58 | United Bank and Trust Company | Hampton, IA | 1.69% | $228 million |
| 59 | Templeton Savings Bank | Templeton, IA | 1.69% | $170 million |
| 60 | Reliance State Bank | Story City, IA | 1.70% | $277 million |
| 61 | Gnb Bank | Grundy Center, IA | 1.72% | $621 million |
| 62 | Keystone Savings Bank | Marengo, IA | 1.72% | $201 million |
| 63 | Trubank | Indianola, IA | 1.72% | $495 million |
| 64 | Clear Lake Bank and Trust Company | Clear Lake, IA | 1.73% | $649 million |
| 65 | Rolling Hills Bank & Trust | Atlantic, IA | 1.73% | $484 million |
| 66 | Farmers & Merchants Savings Bank | Iowa City, IA | 1.74% | $122 million |
| 67 | Maynard Savings Bank | Maynard, IA | 1.75% | $108 million |
| 68 | Manufacturers Bank & Trust Company | Forest City, IA | 1.75% | $738 million |
| 69 | Pinnacle Bank | Marshalltown, IA | 1.76% | $324 million |
| 70 | Security Trust & Savings Bank | Storm Lake, IA | 1.77% | $266 million |
| 71 | Pioneer Bank | Sergeant Bluff, IA | 1.77% | $283 million |
| 72 | Boone Bank & Trust Co. | Boone, IA | 1.78% | $157 million |
| 73 | Earlham Savings Bank | West Des Moines, IA | 1.78% | $383 million |
| 74 | Bankiowa | Cedar Rapids, IA | 1.78% | $846 million |
| 75 | Farmers Trust and Savings Bank | Williamsburg, IA | 1.78% | $192 million |
| 76 | Principal Bank | Des Moines, IA | 1.79% | $9.8 billion |
| 77 | Central State Bank | Coralville, IA | 1.80% | $419 million |
| 78 | Charter Bank | Johnston, IA | 1.80% | $228 million |
| 79 | St. Ansgar State Bank | Saint Ansgar, IA | 1.80% | $182 million |
| 80 | American State Bank | Osceola, IA | 1.80% | $361 million |
| 81 | Danville State Savings Bank | New London, IA | 1.80% | $183 million |
| 82 | First Whitney Bank and Trust | Atlantic, IA | 1.81% | $288 million |
| 83 | Farmers Savings Bank | Wever, IA | 1.82% | $131 million |
| 84 | First Central State Bank | Dewitt, IA | 1.82% | $772 million |
| 85 | Maquoketa State Bank | Maquoketa, IA | 1.84% | $429 million |
| 86 | Solon State Bank | Solon, IA | 1.84% | $122 million |
| 87 | Kerndt Brothers Savings Bank | Lansing, IA | 1.84% | $347 million |
| 88 | First Bank Hampton | Hampton, IA | 1.84% | $241 million |
| 89 | Union State Bank | Greenfield, IA | 1.84% | $169 million |
| 90 | Heartland Bank | Somers, IA | 1.85% | $256 million |
| 91 | Pcsb Bank | Clarinda, IA | 1.85% | $326 million |
| 92 | Northwest Bank | Spencer, IA | 1.86% | $3.0 billion |
| 93 | Farmers State Bank | Northwood, IA | 1.87% | $221 million |
| 94 | First State Bank | Lynnville, IA | 1.87% | $384 million |
| 95 | United Community Bank | Milford, IA | 1.87% | $290 million |
| 96 | Decorah Bank and Trust Company | Decorah, IA | 1.88% | $794 million |
| 97 | Fidelity Bank & Trust | Dubuque, IA | 1.88% | $2.6 billion |
| 98 | First Bank | Waverly, IA | 1.89% | $740 million |
| 99 | Grinnell State Bank | Grinnell, IA | 1.90% | $499 million |
| 100 | Freedombank | Elkader, IA | 1.90% | $434 million |
Rankings sort one published measure; they are not an overall judgment of any institution. Methodology · All rankings