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Fairfax State Savings Bank, Financial Information

AboutFairfax State Savings Bank

 Address:
409 Vanderbilt Street
Fairfax,IA
Linn County,Iowa
 Established:
Oct 1924
 Number of domestic offices:
2
Total assets$207M
Net income$1M
Net income,quarterly$0M
Total deposits$178M
Domestic deposits$178M
Equity capital$23M
ROA0.78%
ROAQ,quarterly0.36%
ROA,pretax0.36%
ROAQ,quarterly,pretax0.38%
ROE6.7%
ROEQ,quarterly3.24%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Fairfax State Savings Bank has been located on Vanderbilt Street in Fairfax , Iowa , since it was chartered in 1924. In the 80 plus years of its existence, there have been only two CEO's of Fairfax State Savings Bank, John L. Krall, and the current CEO, David C. Neuhaus.

The original building that housed the bank was built in 1900. A new building was built in 1964 and renovated in 1998. This modernization brought cutting edge technology to the customers of Fairfax State Savings Bank.

In an era of mergers and acquisitions, Fairfax State Savings Bank has been able to remain Fairfax State Savings Bank, all the while, maintaining a stable financial environment. Banks assets now exceed $100 million.

409 Vanderbilt Street
P O Box 277
Fairfax, IA 52228

Phone: 319-846-2300
Toll free 877-FAIRFAX (324-7329)
24-Hour Telebank: Toll free 877-FAIRFAX (324-7329)
Fax: 319-846-8097, 319-846-3463

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Historical Data