Iowa State Bank, Financial Information

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.

Iowa State Bank opened its doors for business on March 1, 1928, at 9:00 A.M. after securing their banking charter and the public’s confidence.

In 1978 as the bank celebrated 50 years in business, the new Iowa State Bank building was built at the corner of Call & Thorington Streets. The 2-story colonial brick building is adorned with white pillars on the building’s south side.

On November 1, 2001, consumers in Ruthven, Iowa, joined the Iowa State Bank of Algona as the bank assumed the operations of the Ruthven State Bank as a result of the merger of the two banks.

The Iowa State Bank of Algona announces the addition of two new banking offices in Corwith and Wesley, Iowa, after the purchase of the former Corwith State Bank. The purchase was made by Mid-Iowa Bancshares Co. of Algona, the holding company for the Iowa State Bank. Customers of the former Corwith State Bank will enjoy a host of new banking features while working with the same familiar staff in both offices.

Algona — Main Office
5 E Call Street
Algona, IA 50511-2499
Toll-Free: (800) ISB-3595
Fax: (515) 295-3204