Dickinson County, Iowa, a core county of the Spencer-Spirit Lake, IA market, holds $1.3B in deposits across 8 insured institutions and 15 branches. Bank Midwest is the largest deposit holder at 25.7% share. The top three banks hold 65% of deposits, which places the county in the Concentrated band. Deposits have grown 35.2% since 2020. It produces $1.2B of output, ranking #1,146 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: 15 in 2020 to 15 in 2025. Institutions: 8 to 8. Top-three share: 65% to 65%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank Midwest | $331M | 25.7% | +43% |
| Northwest Bank | $319M | 24.7% | +31% |
| Central Bank | $193M | 15.0% | +57% |
| United Community Bank | $163M | 12.6% | +11% |
| Farmers Savings Bank | $106M | 8.2% | +71% |
| Savings Bank | $81M | 6.3% | +48% |
| The State Bank | $79M | 6.1% | +25% |
| Liberty National Bank | $17M | 1.3% | -39% |
The 8 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 Spencer-Spirit Lake market
Dickinson County is one of 2 counties that make up the Spencer-Spirit Lake, IA market, a Combined Statistical Area (ranked #290 of 293 U.S. markets by economic output). It produces 50.0% of the market’s output and holds 52.9% of its deposits.
| Measure | Dickinson County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.2B | 50.0% |
| Deposits | $1.3B | 52.9% |
| Population | 18,077 | 52.7% |
View the full Spencer-Spirit Lake market profile →
Recruiting in Dickinson County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small 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 Dickinson County.
See how we help banks recruit commercial banking talent