Dallas County, Iowa, a core county of the Des Moines-West Des Moines-Ames, IA market, holds $2.4B in deposits across 28 insured institutions and 43 branches. Raccoon Valley Bank is the largest deposit holder at 15.4% share. The top three banks hold 33% of deposits, which places the county in the Fragmented band. Deposits have grown 50.2% since 2020 while the branch count rose by 16.2%. It produces $8.6B of output, ranking #404 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 37 in 2020 to 43 in 2025. Institutions: 23 to 28. Top-three share: 41% to 33%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Raccoon Valley Bank | $367M | 15.4% | +33% |
| Wells Fargo Bank | $217M | 9.1% | +26% |
| Earlham Savings Bank | $208M | 8.8% | +4% |
| Bank Iowa | $174M | 7.3% | +31% |
| Freedom Financial Bank | $161M | 6.8% | +14% |
| Bank of America | $155M | 6.5% | no 2020 presence |
| Luana Savings Bank | $144M | 6.0% | +307% |
| BMO Bank | $125M | 5.2% | +43% |
| Lincoln Savings Bank | $104M | 4.3% | +4% |
| Farmers State Bank | $98M | 4.1% | +369% |
| Peoples Bank | $93M | 3.9% | +81% |
| Iowa Trust & Savings Bank | $69M | 2.9% | no 2020 presence |
| JPMorgan Chase Bank | $62M | 2.6% | no 2020 presence |
| MidWestOne Bank | $53M | 2.2% | -8% |
| Central Bank | $46M | 1.9% | -50% |
| Charter Bank | $45M | 1.9% | +23% |
| West Bank | $45M | 1.9% | -3% |
| First Interstate Bank | $44M | 1.9% | -11% |
| Bank | $33M | 1.4% | +203% |
| Central State Bank | $28M | 1.2% | no 2020 presence |
| Security National Bank of Omaha | $25M | 1.1% | +1,665% |
| Midwest Heritage Bank, FSB | $22M | 0.9% | +27% |
| Community State Bank | $18M | 0.8% | +31% |
| TruBank | $16M | 0.7% | +96% |
| First State Bank | $14M | 0.6% | +7% |
| VisionBank of Iowa | $11M | 0.4% | no 2020 presence |
| Union State Bank | $4M | 0.2% | -8% |
| First National Bank, Ames, Iowa | $0M | 0.0% | no 2020 presence |
The 28 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Des Moines-West Des Moines-Ames market
Dallas County is one of 10 counties that make up the Des Moines-West Des Moines-Ames, IA market, a Combined Statistical Area (ranked #53 of 293 U.S. markets by economic output). It produces 11.7% of the market’s output and holds 5.8% of its deposits.
| Measure | Dallas County | Share of parent market |
|---|---|---|
| 2024 GDP | $8.6B | 11.7% |
| Deposits | $2.4B | 5.8% |
| Population | 118,457 | 12.6% |
View the full Des Moines-West Des Moines-Ames market profile →
Recruiting in Dallas County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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 Dallas County.
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