Central Bank is a bank based in Storm Lake, Iowa, established in 1879, with $2.2 billion in total assets across 23 branches. By Trust Grade it ranks 114th of 226 banks we track in Iowa. Its capital ratio of 10.4% is stronger than 52% of similarly sized banks, versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 0.83% return on assets. No consumer complaints against Central Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Central Bank compares to Iowa peers
How we graded Central Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.4% capital ratio)
- Profitable (ROA 0.83%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Central Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (23)
- 1237 Lake Ave, Storm Lake, IA 50588
- 4018 University Ave, Des Moines, IA 50311
- 504 4th St, Sioux City, IA 51101
- 3624 6th Ave, Des Moines, IA 50313
- 600 Main Ave, Brookings, SD 57006
- 2500 S Minnesota Ave, Sioux Falls, SD 57105
- 4848 86th St, Urbandale, IA 50322
- 2104 W 12th St, Sioux Falls, SD 57104
- 4900 S Western Ave, Sioux Falls, SD 57108
- 5070 Mills Civic Pkwy, West Des Moines, IA 50265
- 2906 Hamilton Blvd, Sioux City, IA 51104
- 2805 N Ankeny Blvd, Ankeny, IA 50023
- 4201 S Lakeport St, Sioux City, IA 51106
- 300 E Hickman Rd, Waukee, IA 50263
- 400 Gold Cir, Dakota Dunes, SD 57049
- 302 Jones St, Sioux City, IA 51101
- 1003 Highway 71 S, Okoboji, IA 51355
- 6300 S Connie Ave, Sioux Falls, SD 57108
- 811 Lake Ave, Storm Lake, IA 50588
- 201 W Main St, Cherokee, IA 51012
- 1114 4th St, Sioux City, IA 51101
- 1400 18th St, Spirit Lake, IA 51360
- 600 Lake Ave, Storm Lake, IA 50588
Are deposits at Central Bank insured?
Yes. Central Bank is an FDIC-insured bank (FDIC certificate #15555). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Central Bank: frequently asked questions
Is Central Bank a good bank?
Central Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (10.4% capital ratio); Profitable (ROA 0.83%).
Is Central Bank FDIC-insured?
Yes. Central Bank is a FDIC-insured bank (FDIC certificate #15555). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Central Bank?
Central Bank holds $2.2 billion in total assets, ranking 114th of 226 banks we track in Iowa. It operates 23 branches.
Does Central Bank have CFPB complaints?
No CFPB complaints against Central Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
