Des Moines County, Iowa, a core county of the Burlington-Fort Madison, IA-IL market, holds $1.5B in deposits across 11 insured institutions and 20 branches. First Mid Bank & Trust is the largest deposit holder at 37.6% share. The top three banks hold 59% of deposits, which places the county in the Moderate band. Deposits have grown 4.0% since 2021 while the branch count rose by 5.3%. It produced $2.2B of real gross domestic product in 2024, ranking #889 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: 19 in 2021 to 20 in 2026. Institutions: 11 to 11. Top-three share: 62% to 59%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| First Mid Bank & Trust | $570M | 37.6% | +4% |
| Farmers & Merchants Bank & Trust | $187M | 12.3% | -19% |
| Mediapolis Savings Bank | $131M | 8.6% | +13% |
| Nicolet National Bank | $114M | 7.5% | -7% |
| First Interstate Bank | $114M | 7.5% | +7% |
| Danville State Savings Bank | $110M | 7.2% | -7% |
| U.S. Bank | $99M | 6.6% | +17% |
| Connection Bank | $68M | 4.5% | +82% |
| Bank | $55M | 3.6% | +64% |
| Farmers Savings Bank | $44M | 2.9% | -23% |
| Pilot Grove Savings Bank | $24M | 1.6% | +463% |
The 11 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 Burlington-Fort Madison market
Des Moines County is one of 3 counties that make up the Burlington-Fort Madison, IA-IL market, a Combined Statistical Area (ranked #278 of 293 U.S. markets by economic output). It produces 53.7% of the market’s output and holds 48.2% of its deposits.
| Measure | Des Moines County | Share of parent market |
|---|---|---|
| 2024 GDP | $2.2B | 53.7% |
| Deposits | $1.5B | 48.2% |
| Population | 38,077 | 49.9% |
View the full Burlington-Fort Madison market profile →
Recruiting in Des Moines 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 Des Moines County.
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