Kerndt Brothers Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Kerndt Brothers Savings Bank is an FDIC-insured commercial bank headquartered in Lansing, IA, established in 1908 (FDIC certificate 8761), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $347.2M, up 4.4% from Q2 2025, the 94th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.88% 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
- 8761
- Headquarters
- Lansing, IA
- Established
- 1908
- Total assets, Q2 2026
- $347.2M
- Assets vs Q2 2025
- +4.4%
- Tier 1 leverage ratio, Q2 2026
- 10.88%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 073904696
- Latest call report
- Q2 2026, FFIEC 051 · Kerndt Brothers Savings Bank call report
- Holding company
- KERNDT BANK SERVICES, INC.
- Asset rank in state
- 94th of 225 in Iowa
Kerndt Brothers Savings Bank, based in Lansing, Iowa, reported $347 million in assets at June 30, 2026, up 4.4% from a year earlier. It shrank its loan book 9.9% over the year, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 5.5%).
Earnings jumped: net income for the quarter was $1.3 million, 183% above the same quarter a year earlier. Over the same year, loans shrank 9.9% and deposits grew 5.3%. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.65% of loans from 0.36% a year earlier.
As of June 30, 2026, Kerndt Brothers Savings Bank reported a return on assets of 1.45%, a nonperforming-loan ratio of 0.65% and a Texas ratio of 3.63%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Kerndt Brothers Savings Bank is the 94th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.1% to $347.2M, loans fell 6.9% and deposits fell 1.7%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 35.1% of total loans, followed by 1-4 family residential loans at 21.7%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in IA; its Lansing office books 33% of its branch deposits. Judged on its Q2 2026 call report, Kerndt Brothers Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 370 Main St, Lansing, IA 52151
- County
- Allamakee
- 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 14, 1908
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 54
- Domestic deposits
- $282.8M
- Allowance for credit losses
- $2.9M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $346.7M
- Average total loans
- $207.4M
- Average interest-bearing deposits
- $242.8M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8761
- Fed RSSD
- 665146
- Website
- www.kerndtbrothers.com →
- Parent Holding Company
- KERNDT BANK SERVICES, INC. (RSSD 1203590)
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, Kerndt Brothers Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Kerndt Brothers Savings Bank's total assets ran between $332.5M (Q2 2025) and $377.3M (Q1 2024), 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
$347.2M total assets against $332.5M; $309.4M total liabilities against $298.7M.
$202.2M net loans and leases against $225.4M; $282.8M total deposits against $268.7M.
$101.2M securities against $65.8M; $23.7M cash and balances due against $17.8M.
$4.6M total interest income against $4.2M; $1.6M total interest expense against $1.7M.
$3.0M net interest income against $2.5M.
$340K total noninterest income against $320K; $2.1M total noninterest expense against $2.2M.
$33K provision for credit losses against $150K.
$1.3M net income against $443K.
1.45% return on assets against 0.53%; 3.68% net interest margin against 3.15%.
10.88% tier 1 leverage ratio against 10.41%.
Inside the full Kerndt Brothers Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeKerndt Brothers Savings Bank rankings
Its closest position to the top of a national ranking is 1,425 of 3,611, for ROA; its furthest is 2,254 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.14% (Q1 2025) to 3.54% (Q1 2026) and its net interest margin ran from 2.65% (Q4 2024) to 3.68% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.88% | 1.45% | 0.65% | 3.63% | 3.68% |
| Q1 2026 | 10.85% | 3.54% | 1.57% | 9.75% | 3.35% |
| Q4 2025 | 10.63% | 0.59% | 1.43% | 13.79% | 3.18% |
| Q3 2025 | 10.61% | 0.38% | 0.86% | 11.52% | 3.03% |
| Q2 2025 | 10.41% | 0.53% | 0.36% | 8.36% | 3.15% |
| Q1 2025 | 10.12% | 0.14% | 0.74% | 11.34% | 3.12% |
| Q4 2024 | 9.74% | 0.77% | 1.82% | 14.62% | 2.65% |
| Q3 2024 | 9.71% | 0.50% | 1.05% | 8.57% | 2.75% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 |
|---|---|---|---|
| Kerndt Brothers Savings Bank (main office) | Lansing , IA | 52151 | $92.0M |
| West Union Branch | West Union , IA | 52175 | $61.3M |
| Waukon Branch | Waukon , IA | 52172 | $47.3M |
| Decorah Branch | Decorah , IA | 52101 | $40.7M |
| Cedar Rapids Branch | Cedar Rapids , IA | 52402 | $21.9M |
| Clermont Branch | Clermont , IA | 52135 | $19.6M |
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 |
|---|---|---|---|
| January 1, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2009 | Structure Change | Acquired Family Merchants Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 8, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 8, 2003 | Structure Change | Acquired Farmers Savings Bank 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
- 0.2% of deposits in IA, rank 102 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 55 applications, 37 loans originated, $11.1M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $1.4M approved, $710K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Kerndt Brothers Savings Bank
What are Kerndt Brothers Savings Bank's total assets?
As of the Q2 2026 filing, Kerndt Brothers Savings Bank reported total assets of $347.2 million in its FFIEC call report.
Where is Kerndt Brothers Savings Bank headquartered?
It is headquartered in Lansing, IA, United States.
When was Kerndt Brothers Savings Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Kerndt Brothers Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8761). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Kerndt Brothers Savings Bank?
Kerndt Brothers Savings Bank's primary federal regulator is the FDIC.
How many branches does Kerndt Brothers Savings Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Kerndt Brothers Savings Bank's Texas Ratio?
Its Texas Ratio is 3.63% 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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