Connection Bank
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Data as of · sourced from FFIEC call reports. How we update
Connection Bank is an FDIC-insured commercial bank headquartered in Fort Madison, IA, established in 1854 (FDIC certificate 955), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $540.9M, up 5.1% from Q2 2025, the 55th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 11.54% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 955
- Headquarters
- Fort Madison, IA
- Established
- 1854
- Total assets, Q2 2026
- $540.9M
- Assets vs Q2 2025
- +5.1%
- CET1 ratio, Q2 2026
- 11.54%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073901314
- Holding company
- FORT MADISON FINANCIAL COMPANY
- Asset rank in state
- 55th of 225 in Iowa
Connection Bank operates with a thinner capital cushion than most banks of its size. The Fort Madison, Iowa bank had $541 million in assets at June 30, 2026, up 5.1% from a year earlier. It holds common equity equal to 11.54% of its risk-weighted assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also holds commercial real estate loans worth 2.1 times its capital, higher than about three-quarters of banks its size (median 1.2 times).
Net income for the quarter rose 20% from a year earlier, to $2.4 million. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.26% of loans, down from 0.38% a year earlier.
As of June 30, 2026, Connection Bank reported a CET1 capital ratio of 11.54%, a return on assets of 1.75%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 2.31%. The figures come from its call report filed with the FFIEC.
Connection Bank ranks as the 55th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.5% to $540.9M, loans fell 0.1% and deposits fell 1.0%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 35.1% of total loans, followed by non-owner-occupied commercial real estate loans at 19.4%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Fort Madison 2 offices book 48% of its branch deposits. By the capital ratios in its Q2 2026 call report, Connection Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 636 Avenue G, Fort Madison, IA 52627
- County
- Lee
- Metro Area
- Fort Madison, IA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 1, 1854
- Former names
- Fort Madison Bank & Trust Co. (1968-2016)
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 62
- Domestic deposits
- $452.4M
- Allowance for credit losses
- $5.5M
- Net charge-offs (YTD)
- $163K
- Average total assets
- $543.4M
- Average total loans
- $479.2M
- Average interest-bearing deposits
- $348.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 955
- Fed RSSD
- 624246
- Website
- WWW.MYCONNECTIONBANK.COM →
- Parent Holding Company
- FORT MADISON FINANCIAL COMPANY (RSSD 1357037)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Connection Bank's total assets ran between $475.9M (Q3 2023) and $543.5M (Q1 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
$540.9M total assets against $514.8M; $485.3M total liabilities against $463.6M.
$470.7M net loans and leases against $455.6M; $452.4M total deposits against $431.4M.
$14.8M securities against $15.2M; $21.3M cash and balances due against $12.6M.
$7.4M total interest income against $6.8M; $2.5M total interest expense against $2.5M.
$4.8M net interest income against $4.3M.
$743K total noninterest income against $631K; $3.1M total noninterest expense against $2.8M.
$90K provision for credit losses against $105K.
$2.4M net income against $2.0M.
1.75% return on assets against 1.55%; 3.79% net interest margin against 3.58%.
11.54% CET1 capital ratio against 11.02%; 9.98% tier 1 leverage ratio against 9.77%.
Inside the full Connection Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Connection Bank rankings
Its closest position to the top of a national ranking is 822 of 3,611, for ROA; its furthest is 1,839 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.87% (Q4 2024) to 1.75% (Q2 2026) and its net interest margin ran from 2.98% (Q4 2024) to 3.79% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.54% | 1.75% | 0.26% | 2.31% | 3.79% |
| Q1 2026 | 11.23% | 1.69% | 0.37% | 3.41% | 3.61% |
| Q4 2025 | 11.14% | 1.30% | 0.39% | 3.28% | 3.65% |
| Q3 2025 | 11.22% | 1.62% | 0.40% | 3.36% | 3.67% |
| Q2 2025 | 11.02% | 1.55% | 0.38% | 3.25% | 3.58% |
| Q1 2025 | 10.89% | 1.49% | 0.33% | 2.82% | 3.43% |
| Q4 2024 | 11.02% | 0.87% | 0.31% | 2.74% | 2.98% |
| Q3 2024 | 11.10% | 1.11% | 0.38% | 3.16% | 3.01% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Connection Bank (main office) | Fort Madison , IA | 52627 | $219.2M |
| Keokuk Branch | Keokuk , IA | 52632 | $152.3M |
| Burlington Branch | Burlington , IA | 52601 | $67.8M |
| Montrose Branch | Montrose , IA | 52639 | $13.1M |
| River Hills Branch | Fort Madison , IA | 52627 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 17, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 17, 2016 | Structure Change | Acquired Keokuk Savings Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1999 | Structure Change | Acquired Bank of Dallas City Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 62 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $90K approved, $90K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2004 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, 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 Connection Bank
What are Connection Bank's total assets?
As of the Q2 2026 filing, Connection Bank reported total assets of $540.9 million in its FFIEC call report.
Where is Connection Bank headquartered?
It is headquartered in Fort Madison, IA, United States.
When was Connection Bank founded?
It was established in 1854, per the FDIC institution directory.
Is Connection Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #955). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Connection Bank?
Connection Bank's primary federal regulator is the Federal Reserve.
What is Connection Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.54% in its Q2 2026 call report, above regulatory requirements.
How many branches does Connection Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Connection Bank's Texas Ratio?
Its Texas Ratio is 2.31% 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.
What was Connection Bank previously called?
The charter now named Connection Bank has also operated as Fort Madison Bank & Trust Co. (1968-2016), per FDIC structure-change records.
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