South Ottumwa Savings Bank is an FDIC insured institution headquartered at
320 Church St, Ottumwa, IA 52501.
It was founded in
1903 and has approximately $1 billion in
assets. Customers can open an account at one of its 4 branches.
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.06% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.15% | $1,000 | Compare |
|
6 Mo CD
|
0.40% | $10,000 | Compare |
|
6 Mo CD
|
0.40% | $100,000 | Compare |
|
12 Mo CD
|
0.25% | $1,000 | Compare |
|
12 Mo CD
|
0.50% | $10,000 | Compare |
|
12 Mo CD
|
0.50% | $100,000 | Compare |
|
18 Mo CD
|
0.30% | $1,000 | Compare |
|
18 Mo CD
|
0.60% | $10,000 | Compare |
|
18 Mo CD
|
0.60% | $100,000 | Compare |
|
24 Mo CD
|
0.40% | $1,000 | Compare |
|
24 Mo CD
|
0.70% | $10,000 | Compare |
|
24 Mo CD
|
0.70% | $100,000 | Compare |
|
36 Mo CD
|
0.55% | $1,000 | Compare |
|
36 Mo CD
|
0.80% | $10,000 | Compare |
|
36 Mo CD
|
0.80% | $100,000 | Compare |
|
48 Mo CD
|
0.65% | $1,000 | Compare |
|
48 Mo CD
|
0.90% | $10,000 | Compare |
|
48 Mo CD
|
0.91% | $100,000 | Compare |
|
60 Mo CD
|
0.85% | $1,000 | Compare |
|
60 Mo CD
|
1.00% | $10,000 | Compare |
|
60 Mo CD
|
1.00% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.10% | $1 | Compare |
|
Money Market
|
0.15% | $10,000 | Compare |
|
Money Market
|
0.15% | $25,000 | Compare |
| VARIABLE IRA RATES | APY | MIN |
|---|---|---|
|
Var IRA
|
0.70% | $1 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.05% | $1 |
|
Int Ckg
|
0.05% | $2,500 |
|
7.490 %
|
$0 |
| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | $0 |
| Home Equity Line of Credit - Equal Housing Lender | $0 |
CrossCountry Mortgage, LLC NMLS ID: 3029 / Updated 2024-05-06 |
"Unlock Your Home's Potential" | $0 |
AmeriSave Mortgage Corporation NMLS ID: 1168 / Updated 2024-05-06 |
Home Equity Lines, Refinance, & Second Mortgages | $0 |
Mutual of Omaha Mortgage, Inc. NMLS ID: 1025894 |
6.983% |
$2,103
Fees & Points
$3,538 Total
0.887 Pts ($2,838) $700 Fees |
Rocket Mortgage NMLS ID: 3030 |
7.451% |
$2,211
Fees & Points
$2,400 Total
0.750 Pts ($2,400) $0 Fees |
Neighbors Bank NMLS ID: 491986 |
Fees & Points
Total
Pts ($0) $0 Fees |
MortgageResearch.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
FHAloans.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 9099 |
| Date Established | 1903 |
| Assets | $ 547.40 million |
| Loans | $ 305.93 million |
| Deposits | $ 461.87 million |
| Capital | $ 64.80 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 17.21 million |
| Interest-bearing balances | $ 10.28 million |
| Total securities | $ 189.11 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 305.93 million |
| Loan loss allowance | $ 3.38 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 12.48 million |
| All other assets | $ 17.91 million |
| Total Assets | $ 482.59 million |
| LIABILITIES | |
| Total deposits | $ 461.87 million |
| Interest-bearing deposits | $ 357.87 million |
| Deposits held in domestic offices | $ 461.87 million |
| % insured (estimated) | 70.96% |
| Federal funds purchased and repurchase agreements | $ 1.55 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 22.06 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 1.18 millionn |
| Total Liabilities | $ 482.59 million |
| Shareholders’ Equity | $ 64.80 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 20.10 million |
| Total Interest Expense | $ 5.44 million |
| Net interest income | $ 14.66 million |
| Provision for loan and lease losses | $ 0.20 million |
| Total non interest income | $ 2.80 million |
| Total non interest expense | $ 11.03 million |
| Pre-tax Net Operating Income | $ 4.68 million |
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This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
Tax Rate: 30%
All calculations are for demonstration purposes only.
| Year | Rate 0.06% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 30 | 21 |
| 2 | 50,030 | 30 | 21 |
| 3 | 50,060 | 30 | 21 |
| 4 | 50,090 | 30 | 21 |
| 5 | 50,120 | 30 | 21 |
| 6 | 50,150 | 30 | 21 |
| 7 | 50,180 | 30 | 21 |
| 8 | 50,210 | 30 | 21 |
| 9 | 50,241 | 30 | 21 |
| 10 | 50,271 | 30 | 21 |
| 11 | 50,301 | 30 | 21 |
| 12 | 50,331 | 30 | 21 |
| 13 | 50,361 | 30 | 21 |
| 14 | 50,391 | 30 | 21 |
| 15 | 50,422 | 30 | 21 |
| 16 | 50,452 | 30 | 21 |
| 17 | 50,482 | 30 | 21 |
| 18 | 50,512 | 30 | 21 |
| 19 | 50,543 | 30 | 21 |
| 20 | 50,573 | 30 | 21 |
| TOTAL | $603 | $422 |
| Year | Rate 5.15% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,575 | 1,803 |
| 2 | 52,575 | 2,708 | 1,895 |
| 3 | 55,283 | 2,847 | 1,993 |
| 4 | 58,130 | 2,994 | 2,096 |
| 5 | 61,123 | 3,148 | 2,203 |
| 6 | 64,271 | 3,310 | 2,317 |
| 7 | 67,581 | 3,480 | 2,436 |
| 8 | 71,062 | 3,660 | 2,562 |
| 9 | 74,721 | 3,848 | 2,694 |
| 10 | 78,569 | 4,046 | 2,832 |
| 11 | 82,616 | 4,255 | 2,978 |
| 12 | 86,870 | 4,474 | 3,132 |
| 13 | 91,344 | 4,704 | 3,293 |
| 14 | 96,049 | 4,946 | 3,463 |
| 15 | 100,995 | 5,201 | 3,641 |
| 16 | 106,196 | 5,469 | 3,828 |
| 17 | 111,665 | 5,751 | 4,026 |
| 18 | 117,416 | 6,047 | 4,233 |
| 19 | 123,463 | 6,358 | 4,451 |
| 20 | 129,821 | 6,686 | 4,680 |
| TOTAL | $86,507 | $60,555 |
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