Charter Bank (Johnston, IA)
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Data as of · sourced from FFIEC call reports. How we update
Charter Bank is an FDIC-insured commercial bank headquartered in Johnston, IA, established in 1998 (FDIC certificate 34686), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $227.5M, up 5.9% from Q2 2025, the 128th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.03% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 34686
- Headquarters
- Johnston, IA
- Established
- 1998
- Total assets, Q2 2026
- $227.5M
- Assets vs Q2 2025
- +5.9%
- Tier 1 leverage ratio, Q2 2026
- 11.03%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073972110
- Latest call report
- Q2 2026, FFIEC 051 · Charter Bank call report
- Holding company
- JOHNSTON GROWTH CORPORATION
- Asset rank in state
- 128th of 225 in Iowa
Charter Bank, based in Johnston, Iowa, reported $228 million in assets at June 30, 2026, up 5.9% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also spends about 49 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Net income for the quarter rose 22% from a year earlier, to $986,000.
As of June 30, 2026, Charter Bank reported a return on assets of 1.73%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Charter Bank is the 128th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.1% to $227.5M, loans fell 0.6% and deposits rose 0.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 36.1% of total loans, ahead of owner-occupied commercial real estate loans at 27.3%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in IA; its Johnston office books 48% of its branch deposits. Judged on its Q2 2026 call report, Charter Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 5526 Nw 86th St, Johnston, IA 50131
- County
- Polk
- Metro Area
- Des Moines-West Des Moines, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 15, 1998
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $203.5M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $228.5M
- Average total loans
- $166.8M
- Average interest-bearing deposits
- $148.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 15, 1998
- FDIC Cert
- 34686
- Fed RSSD
- 2705112
- Website
- www.charterbanker.com →
- Parent Holding Company
- JOHNSTON GROWTH CORPORATION (RSSD 2646037)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Charter Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Charter Bank's total assets moved between a low of $207.8M (Q3 2024) and a high of $227.8M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$227.5M total assets against $214.9M; $204.1M total liabilities against $193.7M.
$164.5M net loans and leases against $152.6M; $203.5M total deposits against $188.1M.
$49.3M securities against $47.5M; $8.0M cash and balances due against $8.9M.
$2.9M total interest income against $2.6M; $920K total interest expense against $832K.
$2.0M net interest income against $1.8M.
$231K total noninterest income against $179K; $1.1M total noninterest expense against $1.0M.
$87K provision for credit losses against $57K.
$986K net income against $805K.
1.73% return on assets against 1.50%; 3.66% net interest margin against 3.43%.
11.03% tier 1 leverage ratio against 11.10%.
Inside the full Charter Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCharter Bank rankings
Its closest position to the top of a national ranking is 731 of 3,606, for efficiency ratio; its furthest is 3,517 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.62% (Q4 2024) to 1.74% (Q1 2026) and its net interest margin ran from 3.00% (Q3 2024) to 3.66% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.03% | 1.73% | 0.00% | 0.00% | 3.66% |
| Q1 2026 | 10.83% | 1.74% | 0.00% | 0.00% | 3.57% |
| Q4 2025 | 10.97% | 1.62% | 0.02% | 0.11% | 3.51% |
| Q3 2025 | 11.30% | 1.58% | 0.01% | 0.05% | 3.58% |
| Q2 2025 | 11.10% | 1.50% | 0.00% | 0.02% | 3.43% |
| Q1 2025 | 11.12% | 1.13% | 0.00% | 0.00% | 3.10% |
| Q4 2024 | 11.02% | 0.62% | 0.33% | 2.33% | 3.04% |
| Q3 2024 | 11.56% | 1.09% | 0.00% | 0.00% | 3.00% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Charter Bank (main office) | Johnston , IA | 50131 | $98.7M |
| Waukee Branch | Waukee , IA | 50263 | $51.5M |
| Grimes Branch | Grimes , IA | 50111 | $37.2M |
| Ankeny Branch | Ankeny , IA | 50023 | $16.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 135 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 52 applications, 49 loans originated, $13.3M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 4 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2019-Q4 to 2022-Q1. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Charter Bank
What are Charter Bank's total assets?
As of the Q2 2026 filing, Charter Bank reported total assets of $227.5 million in its FFIEC call report.
Where is Charter Bank headquartered?
It is headquartered in Johnston, IA, United States.
When was Charter Bank founded?
It was established in 1998, per the FDIC institution directory.
Is Charter Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #34686). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Charter Bank?
Charter Bank's primary federal regulator is the FDIC.
How many branches does Charter Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Charter Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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