Kerndt Brothers Savings Bank, Financial Information

AboutKerndt Brothers Savings Bank

 Address:
370 Main Street
Lansing,IA
Allamakee County,Iowa
 Established:
Jan 1908
 Number of domestic offices:
6
Agriculture bank
Total assets$326M
Net income$2M
Net income,quarterly$0M
Total deposits$272M
Domestic deposits$272M
Equity capital$37M
ROA0.79%
ROAQ,quarterly0.48%
ROA,pretax0.48%
ROAQ,quarterly,pretax0.47%
ROE6.78%
ROEQ,quarterly4.17%
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.

Kerndt Brothers Savings Bank is a community bank originated in Lansing, Allamakee County, Iowa. Lansing is located in northeast Iowa on the banks of the Mississippi River with a population of approximately 1,000. It is primarily an agriculturally driven economy with a growing trend in tourism.

In October, 2001, Kerndt Bank Services, Inc., purchased Farmers Savings Bank of West Union and Clermont, Iowa, thus, expanding its locations of financial services offered to nearby Fayette County. Within two years of this purchase, it became apparent that a merger of the Farmers Savings Bank with Kerndt Brothers Savings Bank would be most advantageous to all of its bank customers.

On January 1, 2009, a new location was added. The former Family Merchants Bank of Cedar Rapids is the banks newest branch office. With this acquisition, Kerndt Brothers Savings Bank is able to offer banking services to the residents of Allamakee, Fayette, Linn, and the surrounding counties.

Cedar rapids office
600 Boyson Road NE
Cedar Rapids, Iowa 52402
Phone: 319-378-8100
Fax: 319-378-8105

Clermont office
PO Box 7
200 Mill Street
Clermont, Iowa 52135
Phone: 563-423-5267
Fax: 563-423-7272

Harpers ferry office
PO Box 215
315 West Chestnut Street
Harpers Ferry, Iowa 52146
Phone: 563-586-2166
Fax: 563-586-2166

Lansing office
PO Box 370
370 Main Street
Lansing, Iowa 52151

Office: 563-538-4231
Toll Free: 800-577-5272
Bookkeeping: 563-538-4401
Fax: 563-538-4564

West union
PO Box 457
205 North Vine Street
West Union, Iowa 52175
Phone: 563-422-6072
Toll Free: 800-568-4235
Fax: 563-422-6075