Banks | Central Bank

Central Bank


Central Bank is an FDIC insured institution headquartered at 600 Lake Ave, Storm Lake, IA 50588.
It was founded in 1879 and has approximately $2 billion in assets. Customers can open an account at one of its 17 branches.

Deposit Rates - December 25, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.75% $100,000 Compare
12 Mo CD
0.55% $10,000 Compare
12 Mo CD
0.80% $100,000 Compare
18 Mo CD
0.75% $10,000 Compare
18 Mo CD
0.75% $100,000 Compare
24 Mo CD
0.60% $10,000 Compare
24 Mo CD
0.85% $100,000 Compare
30 Mo CD
0.85% $10,000 Compare
30 Mo CD
0.85% $100,000 Compare
36 Mo CD
0.70% $10,000 Compare
36 Mo CD
0.95% $100,000 Compare
48 Mo CD
0.75% $10,000 Compare
48 Mo CD
1.00% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.20% $25,000 Compare
PREMM RATES APY MIN
Premium Money Market
0.25% $10,000 Compare
Premium Money Market
0.25% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15555
Date Established 1879
Assets $ 2.21 billion
Loans $ 1,906.73 million
Deposits $ 1,804.45 million
Capital $ 200.39 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 72.65 million
Interest-bearing balances $ 46.98 million
Total securities $ 125.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,906.73 million
Loan loss allowance $ 19.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.43 million
Goodwill and other intangibles $ 15.09 million
All other assets $ 20.57 million
     Total Assets $ 2.01 billion

LIABILITIES
Total deposits $ 1,804.45 million
      Interest-bearing deposits $ 1,445.44 million
      Deposits held in domestic offices $ 1,804.45 million
      % insured (estimated) 69.86%
Federal funds purchased and repurchase agreements $ 15.83 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.72 millionn
      Total Liabilities $ 2.01 billion
      Shareholders’ Equity $ 200.39 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 56.23 million
Total Interest Expense $ 29.17 million
Net interest income $ 27.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.20 million
Total non interest expense $ 26.79 million
Pre-tax Net Operating Income $ 13.09 million

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