35,708Employees
$3.5 BTotal Annual Compensation & Benefits
$98,969Average Total Compensation & Benefits
249Banks Headquartered in State
Lincoln Savings Bank in Grinnell, Iowa has a leader who is committed to veterans. Mike Olson, the bank’s vice president, a retired lieutenant colonel in the Iowa Army National Guard, helps veterans build small businesses.
Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$7.3 BNew Home Loans Booked in 2022
32,796Number of New Home Loans in 2022
$195,000Median New Home Loan Size in 2022
$4.8 BSmall Business Loans
170.5 KNumber of Small Business Loans
$28,393Average Small Business Loan
$491.9 MSmall Farm Loans
5,350Number of Small Farm Loans
$91,935Average Small Farm Loan
As soon as first and second rounds of PPP funding were approved, People’s Bank loan officers immediately reached out to their customers to guide them through the process. In total, People’s Bank helped 165 businesses secure $20 million to offset losses due to the effects of the COVID-19 pandemic. The average loan size was $115,137—spread across the small business, commercial, healthcare and agricultural sectors. “The program was a true blessing and lifeline for our small businesses and communities,” said People’s Bank President Kevin Halterman.
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Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$121 BDeposits
284Banks Operating Branches
1,453Branches & Offices
304Branches Offering Low Fee Bank On-certified Accounts
Washington State Bank in Iowa hosted a virtual Cash Mob event to help support local businesses during the COVID-19 pandemic. The bank selected an area restaurant to “mob” by posting the announcement to social media, and members of the community were encouraged to call for carryout that evening. The first 15 customers at each restaurant were given “cash mob bucks” to put towards their order.
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Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
