Linn County, Iowa, a core county of the Cedar Rapids-Iowa City, IA market, holds $7.2B in deposits across 26 insured institutions and 70 branches. Cedar Rapids Bank and Trust Company is the largest deposit holder at 26.7% share. The top three banks hold 53% of deposits, which places the county in the Moderate band. Deposits have grown 8.7% since 2021 while the branch count fell by 1.4%. It produced $17.6B of real gross domestic product in 2024, ranking #240 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: 71 in 2021 to 70 in 2026. Institutions: 26 to 26. Top-three share: 48% to 53%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Cedar Rapids Bank and Trust Company | $1.9B | 26.7% | +58% |
| U.S. Bank | $982M | 13.5% | -7% |
| Farmers State Bank | $907M | 12.5% | 0% |
| Hills Bank and Trust Company | $750M | 10.3% | -2% |
| Wells Fargo Bank | $703M | 9.7% | -16% |
| Bankers Trust Company | $429M | 5.9% | +24% |
| Fairfax State Savings Bank | $206M | 2.8% | +13% |
| Mount Vernon Bank and Trust Company | $166M | 2.3% | +21% |
| Community Savings Bank | $158M | 2.2% | +48% |
| Farmers & Merchants Savings Bank | $150M | 2.1% | -33% |
| Ohnward Bank & Trust | $147M | 2.0% | +44% |
| BankIowa | $141M | 1.9% | +6% |
| Hiawatha Bank and Trust Company | $134M | 1.8% | +1% |
| BMO Bank | $112M | 1.5% | -18% |
| Heartland Bank and Trust Company | $60M | 0.8% | -54% |
| Palo Savings Bank | $45M | 0.6% | +2% |
| GreatAmerica Bank | $36M | 0.5% | +139% |
| The Exchange State Bank | $33M | 0.5% | -3% |
| Bridge Community Bank | $28M | 0.4% | -28% |
| Keystone Savings Bank | $25M | 0.3% | +105% |
| Kerndt Brothers Savings Bank | $22M | 0.3% | +28% |
| Central State Bank | $20M | 0.3% | +248% |
| First Interstate Bank | $18M | 0.2% | -62% |
| Solon State Bank | $16M | 0.2% | -12% |
| Nicolet National Bank | $15M | 0.2% | no 2021 presence |
| Citizens State Bank | $10M | 0.1% | +1% |
The 26 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 Cedar Rapids-Iowa City market
Linn County is one of 5 counties that make up the Cedar Rapids-Iowa City, IA market, a Combined Statistical Area (ranked #97 of 293 U.S. markets by economic output). It produces 57.9% of the market’s output and holds 49.5% of its deposits.
| Measure | Linn County | Share of parent market |
|---|---|---|
| 2024 GDP | $17.6B | 57.9% |
| Deposits | $7.2B | 49.5% |
| Population | 232,028 | 50.2% |
View the full Cedar Rapids-Iowa City market profile →
Recruiting in Linn 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 Linn County.
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