Cedar Rapids Bank and Trust Company is an FDIC insured institution headquartered at
500 1st Ave Ne, Cedar Rapids, IA 52401.
It was founded in
2001 and has approximately $3 billion in
assets. Customers can open an account at one of its 9 branches.
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taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 57244
Date Established
2001
Assets
$ 2.53 billion
Loans
$ 1,712.49 million
Deposits
$ 1,721.57 million
Capital
$ 386.64 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 61.18 million
Interest-bearing balances
$ 37.35 million
Total securities
$ 269.82 million
Federal funds sold and reverse repurchase
$ 20.05 million
Net loans and leases
$ 1,712.49 million
Loan loss allowance
$ 23.95 million
Trading account assets
$ 22.95 million
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 15.74 million
All other assets
$ 86.94 million
Total Assets
$ 2.14 billion
LIABILITIES
Total deposits
$ 1,721.57 million
Interest-bearing deposits
$ 1,466.55 million
Deposits held in domestic offices
$ 1,721.57 million
% insured (estimated)
74.04%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 58.63 millionn
Total Liabilities
$ 2.14 billion
Shareholders’ Equity
$ 386.64 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 60.53 million
Total Interest Expense
$ 26.52 million
Net interest income
$ 34.01 million
Provision for loan and lease losses
$ 1.79 million
Total non interest income
$ 37.59 million
Total non interest expense
$ 28.51 million
Pre-tax Net Operating Income
$ 29.46 million
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Branches
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