33,469Employees
$3.1 BTotal Annual Compensation & Benefits
$91,831Average Total Compensation & Benefits
266 Banks 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 branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis
$10.8 BNew Home Loans Booked in 2021
52,209Number of New Home Loans in 2021
$155,000Median New Home Loan Size in 2021
$3.7 BSmall Business Loans
267.1 KNumber of Small Business Loans
$13,991Average Small Business Loan
$2.5 BSmall Farm Loans
34,152Number of Small Farm Loans
$86,130Average 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: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis
15.1 MCustomers
$113.2 BDeposits
295Banks Operating Branches
1,462Branches & Offices
224Branches 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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Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund
238.7 KVolunteer Hours
$50.4 MCommunity Donations
Wells Fargo, in West Des Moines, Iowa, has made a major commitment to assisting that community with home buying.
Source: Estimates based on ABA 2020/2021 survey data
