Market Intelligence

Des Moines-West Des Moines-Ames, IA

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Des Moines-West Des Moines-Ames, IA

Des Moines-West Des Moines-Ames, IA, a Combined Statistical Area, holds $40.8 billion in deposits across 69 insured institutions and 293 branches, ranking #53 of 293 U.S. markets by economic output. Principal Bank is the largest deposit holder at 20.5% share. The top three institutions hold 41.4% of deposits, which places the market in the fragmented band. Deposits have grown 42.0% since 2020 while the branch count fell by 0.3%.

Economic scale
2024 Real GDP
$72.8B
#53 of 293
Population
943K
#71 of 293
GDP per Capita
$77,221
#14 of 293
Deposit market
Total Deposits
$40.8B
#51 of 293
Deposits per Capita
$43,280
#35 of 293
Deposits per Branch
$139M
#74 of 293
Competitive structure
Insured Institutions
69
#21 of 293
Branches per 100k Pop.
31.1
#76 of 293
Median Deposits per Institution
$188M
The median deposits booked by a single institution in the market. #169 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
73.0%
of market deposits held by banks with $100M to $50B in assets. #83 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: fragmented
41.4%
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 +42.0% over 5 years
$28.7B
2020
$32.2B
2021
$36.8B
2022
$37.7B
2023
$41.4B
2024
$40.8B
2025

Branches: 294 in 2020 to 293 in 2025. Institutions: 65 to 69. Top-three share: 39.8% to 41.4%. Deposits per branch: $139M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
Principal Bank$8.4B20.5%1+118%
Bankers Trust Company$4.6B11.2%13+28%
Wells Fargo Bank$3.9B9.6%17-3%
U.S. Bank$3.9B9.5%16+90%
West Bank$2.6B6.3%6+38%
Bank of America$2.4B5.8%4+89%
Community State Bank$1.3B3.1%9+63%
First Interstate Bank$0.9B2.2%14-41%
First National Bank, Ames, Iowa$0.8B2.0%7+7%
VisionBank of Iowa$0.8B1.9%13+72%
Bank Iowa$702M1.7%9+40%
City State Bank$617M1.5%7+33%
Marion County State Bank$550M1.3%5+13%
BMO Bank$542M1.3%11-16%
South Story Bank & Trust$466M1.1%5+106%
Peoples Savings Bank$435M1.1%6+48%
Luana Savings Bank$416M1.0%3+329%
Raccoon Valley Bank$409M1.0%4+42%
Northwest Bank$401M1.0%4+36%
Central Bank$387M0.9%6+17%
Lincoln Savings Bank$387M0.9%4+6%
Iowa State Bank$378M0.9%5+9%
MidWestOne Bank$356M0.9%7-2%
Availa Bank$344M0.8%3+62%
Earlham Savings Bank$338M0.8%9+9%
TruBank$330M0.8%7+27%
Peoples Bank$265M0.7%5+58%
Great Southern Bank$263M0.6%8+10%
Midwest Heritage Bank, FSB$254M0.6%7+29%
Leighton State Bank$238M0.6%4+45%
Guthrie County State Bank$206M0.5%2+63%
Farmers and Merchants State Bank$203M0.5%3+26%
Freedom Financial Bank$199M0.5%2+15%
State Savings Bank$189M0.5%2+50%
Charter Bank$188M0.5%4+15%
State Bank & Trust Co.$172M0.4%1+7%
First State Bank$142M0.3%3+43%
Iowa Trust & Savings Bank$142M0.3%2+161%
Boone Bank & Trust Co.$140M0.3%2+7%
JPMorgan Chase Bank$139M0.3%7no 2020 presence
Grinnell State Bank$125M0.3%2+19%
Union State Bank$116M0.3%3+22%
First State Bank$108M0.3%4+6%
Central State Bank$106M0.3%2+185%
Reliance State Bank$104M0.3%1+18%
Farmers State Bank$98M0.2%1+369%
Twin Cedars Bank$91M0.2%3+147%
FNNB Bank$87M0.2%1+7%
Two Rivers Bank & Trust$81M0.2%3-11%
Exchange State Bank$65M0.2%2+24%
Farmers State Bank$63M0.2%1+29%
Rolling Hills Bank & Trust$59M0.1%2+192%
Regions Bank$56M0.1%1-28%
Fidelity Bank$51M0.1%3no 2020 presence
Home State Bank$44M0.1%1no 2020 presence
United Bank of Iowa$42M0.1%1+110%
American State Bank$42M0.1%1+36%
GNB Bank$36M0.1%2+20%
Bank$33M0.1%1+203%
Security State Bank$32M0.1%2+33%
Security National Bank of Omaha$25M0.1%1+1,665%
UMB Bank$25M0.1%1no 2020 presence
Maxwell State Bank$24M0.1%1-5%
Liberty National Bank$20M0.0%1-6%
Keystone Savings Bank$16M0.0%1-17%
Washington State Bank$14M0.0%1no 2020 presence
Security Savings Bank$12M0.0%1+1%
TS Bank$5M0.0%1no 2020 presence
ITS Bank$0M0.0%10%

The 69 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
Polk CountyIowa$50.5B516,54669.4%73.0%
Dallas CountyIowa$8.6B118,45711.7%5.8%
Story CountyIowa$6.1B101,2918.4%7.6%
Marion CountyIowa$2.1B34,1922.9%2.8%
Warren CountyIowa$1.4B57,3312.0%3.1%
Jasper CountyIowa$1.1B38,1531.6%2.1%
Boone CountyIowa$993M26,7991.4%1.7%
Mahaska CountyIowa$874M21,8801.2%1.4%
Guthrie CountyIowa$568M10,7820.8%1.3%
Madison CountyIowa$510M17,2700.7%1.1%

Recruiting in the Des Moines-West Des Moines-Ames market

No single institution dominates deposits here, which often means more competitors of a size where a well-positioned team has room to compete. 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.