Benton County, Iowa, a county in the Cedar Rapids-Iowa City, IA market, holds $791M in deposits across 11 insured institutions and 12 branches. Atkins Savings Bank & Trust is the largest deposit holder at 17.4% share. The top three institutions hold 45.6% of deposits, which places the county in the moderately concentrated band. Deposits have grown 21.7% since 2020 while the branch count fell by 4. It produces $850M of output, ranking #1,239 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 16 in 2020 to 12 in 2025. Institutions: 14 to 11. Top-three share: 38.7% to 45.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Atkins Savings Bank & Trust | $137M | 17.4% | +51% |
| Farmers Savings Bank & Trust | $114M | 14.5% | +43% |
| Chelsea Savings Bank | $110M | 13.8% | +36% |
| MidWestOne Bank | $83M | 10.6% | +59% |
| The Watkins Savings Bank | $71M | 9.0% | +18% |
| Cedar Valley Bank & Trust | $58M | 7.3% | +57% |
| Keystone Savings Bank | $54M | 6.8% | +24% |
| U.S. Bank National Association | $52M | 6.5% | +1% |
| Central State Bank | $43M | 5.4% | +16% |
| Benton County State Bank | $40M | 5.0% | +32% |
The 10 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Cedar Rapids-Iowa City market
Benton County is one of 5 counties that make up the Cedar Rapids-Iowa City, IA market, a Combined Statistical Area (ranked #97 of 293 U.S. markets by economic output). It produces 2.8% of the market’s output and holds 5.6% of its deposits.
| Measure | Benton County | Share of Cedar Rapids-Iowa City market |
|---|---|---|
| 2024 GDP | $850M | 2.8% |
| Deposits | $791M | 5.6% |
| Population | 26,004 | 5.6% |
View the full Cedar Rapids-Iowa City market profile →
Recruiting in Benton County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Benton County, on a retained basis.
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