Black Hawk County, Iowa, a core county of the Waterloo-Cedar Falls, IA market, holds $2.8B in deposits across 13 insured institutions and 32 branches. Farmers State Bank is the largest deposit holder at 36.2% share. The top three institutions hold 59.1% of deposits, which places the county in the moderately concentrated band. Deposits have grown 7.5% since 2020 while the branch count fell by 6. It produces $7.6B of output, ranking #438 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 38 in 2020 to 32 in 2025. Institutions: 13 to 13. Top-three share: 58.9% to 59.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Farmers State Bank | $1.0B | 36.2% | +28% |
| U.S. Bank National Association | $359M | 12.8% | -22% |
| Lincoln Savings Bank | $283M | 10.1% | +45% |
| Wells Fargo Bank, National Association | $233M | 8.3% | -18% |
| Cedar Rapids Bank and Trust Company | $202M | 7.2% | +30% |
| BankIowa | $171M | 6.1% | +8% |
| Regions Bank | $169M | 6.0% | +3% |
| First Bank | $110M | 3.9% | +12% |
| First Security State Bank | $80M | 2.8% | -4% |
| MidWestOne Bank | $76M | 2.7% | +17% |
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 organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Waterloo-Cedar Falls market
Black Hawk County is one of 3 counties that make up the Waterloo-Cedar Falls, IA market, a Metropolitan Statistical Area (ranked #202 of 293 U.S. markets by economic output). It produces 81.2% of the market’s output and holds 58.1% of its deposits.
| Measure | Black Hawk County | Share of Waterloo-Cedar Falls market |
|---|---|---|
| 2024 GDP | $7.6B | 81.2% |
| Deposits | $2.8B | 58.1% |
| Population | 131,532 | 77.7% |
View the full Waterloo-Cedar Falls market profile →
Recruiting in Black Hawk 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 Black Hawk County, on a retained basis.
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