Market Intelligence

Cedar Rapids-Iowa City, IA

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Cedar Rapids-Iowa City, IA

Cedar Rapids-Iowa City, IA, a Combined Statistical Area, holds $14.0 billion in deposits across 44 insured institutions and 143 branches, ranking #97 of 293 U.S. markets by economic output. Hills Bank and Trust Company is the largest deposit holder at 23.7% share. The top three institutions hold 45.3% of deposits, which places the market in the moderate band. Deposits have grown 15.6% since 2020 while the branch count fell by 6.5%.

Economic scale
2024 Real GDP
$30.4B
#97 of 293
Population
462K
#112 of 293
GDP per Capita
$65,709
#54 of 293
Deposit market
Total Deposits
$14.0B
#102 of 293
Deposits per Capita
$30,303
#107 of 293
Deposits per Branch
$98M
#174 of 293
Competitive structure
Insured Institutions
44
#47 of 293
Branches per 100k Pop.
31.0
#77 of 293
Median Deposits per Institution
$111M
The median deposits booked by a single institution in the market. #257 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
81.0%
of market deposits held by banks with $100M to $50B in assets. #47 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: moderate
45.3%
The combined deposit share of the three largest institutions in the market. A lower share means deposits are spread across more institutions.

Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Total market deposits (nominal), 2020 to 2025 +15.6% over 5 years
$12.1B
2020
$13.6B
2021
$13.7B
2022
$13.9B
2023
$13.7B
2024
$14.0B
2025

Branches: 153 in 2020 to 143 in 2025. Institutions: 48 to 44. Top-three share: 44.9% to 45.3%. Deposits per branch: $98M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
Hills Bank and Trust Company$3.3B23.7%19+14%
Cedar Rapids Bank and Trust Company$1.7B12.0%6+41%
U.S. Bank$1.4B9.6%9+1%
MidWestOne Bank$1.3B8.9%9+40%
Farmers State Bank$0.9B6.3%9+12%
Wells Fargo Bank$0.8B6.0%7-16%
Washington State Bank$0.4B2.9%2+56%
Bankers Trust Company$0.4B2.9%3+31%
West Bank$0.4B2.5%1+65%
Ohnward Bank & Trust$0.3B2.0%4+64%
Central State Bank$212M1.5%5+17%
Fairfax State Savings Bank$210M1.5%2+44%
Farmers & Merchants Savings Bank$208M1.5%4-26%
Citizens State Bank$203M1.4%2+52%
Mount Vernon Bank and Trust Company$150M1.1%1+25%
BMO Bank$146M1.0%4-8%
BankIowa$140M1.0%4-20%
Community Savings Bank$138M1.0%4+33%
Atkins Savings Bank & Trust$137M1.0%1+51%
Hiawatha Bank and Trust Company$120M0.9%3+63%
Farmers Savings Bank & Trust$114M0.8%1+43%
Federation Bank$113M0.8%3+10%
Chelsea Savings Bank$110M0.8%2+36%
Citizens Savings Bank$109M0.8%1+22%
Fidelity Bank & Trust$100M0.7%2+63%
CBI Bank & Trust$97M0.7%3+2%
Farmers and Merchants Savings Bank$93M0.7%3+36%
Citizens State Bank$86M0.6%3+12%
Solon State Bank$85M0.6%3+7%
Heartland Bank and Trust Company$80M0.6%3no 2020 presence
The Watkins Savings Bank$71M0.5%1+18%
Keystone Savings Bank$67M0.5%2+28%
Cedar Valley Bank & Trust$58M0.4%1+57%
Bridge Community Bank$53M0.4%2+11%
The Exchange State Bank$48M0.3%2+13%
Two Rivers Bank & Trust$47M0.3%1+6%
First Trust and Savings Bank$46M0.3%2+3%
Palo Savings Bank$45M0.3%1+23%
JPMorgan Chase Bank$40M0.3%1no 2020 presence
Benton County State Bank$40M0.3%1+32%
First Interstate Bank$37M0.3%2-71%
White State Bank$27M0.2%1no 2020 presence
Kerndt Brothers Savings Bank$19M0.1%1+35%
Heritage Bank$13M0.1%2-16%

The 44 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s 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 market that year. Deposit figures are nominal and are not adjusted for inflation.

Counties in this market

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Linn CountyIowa$17.6B232,02857.9%47.5%
Johnson CountyIowa$9.9B160,04432.6%34.9%
Washington CountyIowa$1.4B22,6674.7%7.1%
Benton CountyIowa$850M26,0042.8%5.6%
Jones CountyIowa$631M21,2532.1%4.9%

Recruiting in the Cedar Rapids-Iowa City market

Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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 this one.

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Other markets in Iowa

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.