Dallas County, Iowa, a core county of the Des Moines-West Des Moines-Ames, IA market, holds $2.6B in deposits across 28 insured institutions and 43 branches. Raccoon Valley Bank is the largest deposit holder at 14.8% share. The top three banks hold 33% of deposits, which places the county in the Fragmented band. Deposits have grown 30.4% since 2021 while the branch count rose by 16.2%. It produced $8.6B of real gross domestic product in 2024, 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 2021 to 43 in 2026. Institutions: 24 to 28. Top-three share: 40% to 33%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Raccoon Valley Bank | $380M | 14.8% | +27% |
| Bank Iowa | $243M | 9.4% | +78% |
| Earlham Savings Bank | $217M | 8.4% | +1% |
| Wells Fargo Bank | $216M | 8.4% | +3% |
| Freedom Financial Bank | $166M | 6.4% | +20% |
| Luana Savings Bank | $148M | 5.8% | +188% |
| South Story Bank & Trust | $145M | 5.6% | no 2021 presence |
| BMO Bank | $115M | 4.5% | -57% |
| Farmers State Bank | $114M | 4.5% | +97% |
| Lincoln Savings Bank | $109M | 4.2% | +11% |
| Peoples Bank | $107M | 4.2% | +78% |
| Nicolet National Bank | $107M | 4.2% | -18% |
| JPMorgan Chase Bank | $83M | 3.2% | no 2021 presence |
| Charter Bank | $52M | 2.0% | +14% |
| Iowa Trust & Savings Bank | $49M | 1.9% | no 2021 presence |
| West Bank | $45M | 1.8% | -22% |
| Central Bank | $44M | 1.7% | +27% |
| First Interstate Bank | $41M | 1.6% | -27% |
| Central State Bank | $30M | 1.2% | no 2021 presence |
| Fidelity Bank | $29M | 1.1% | +15% |
| Bank | $28M | 1.1% | +171% |
| Security National Bank of Omaha | $23M | 0.9% | +503% |
| VisionBank of Iowa | $21M | 0.8% | +208% |
| Community State Bank | $21M | 0.8% | +31% |
| TruBank | $20M | 0.8% | +74% |
| First State Bank | $14M | 0.6% | -3% |
| Union State Bank | $4M | 0.2% | -30% |
| First National Bank, Ames, Iowa | $0M | 0.0% | no 2021 presence |
The 28 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 5.9% of its deposits.
| Measure | Dallas County | Share of parent market |
|---|---|---|
| 2024 GDP | $8.6B | 11.7% |
| Deposits | $2.6B | 5.9% |
| 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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