We will be closing at noon on Friday, March 29 in observance of Good Friday. We will be open Saturday, March 30 from 8-11 am for your convenience.
Due to continuous quality and security improvements, certain unsupported devices can no longer connect through Mobile Banking. For your security, please ensure your device is currently supported by the manufacturer and up-to-date. We currently support iOS 16, Android 8, and newer versions. We apologize for any inconvenience this may cause.
Luana Savings Bank is excited to announce that it has ranked #1 in Northeast Iowa in superior operating efficiency (Overhead to Average Assets ratio) when compared to nine other area banks.
According to a recent BankRegData.com report, Luana Savings Bank has an overhead ratio of 0.87 (Overhead ÷ Avg Assets = Overhead Ratio). This is 2-3x more efficient when compared to nine other area institutions in Northeast Iowa.
This is a wonderful achievement proving continued superior financial strength and allows Luana Savings Bank to offer the highest deposit rates in the area. We also offer very competitive loan rates in the area. We invite you to view our latest rates here:
CD Rates
Money Market Rates
Agriculture Rates
Commercial Rates
Mortgage Rates
Auto Rates
Other
Luana Savings Bank is a financial institution with approximately 2 Billion in Assets and has six total locations in the state of Iowa.
The following report is from www.BankRegData.com. The Quarterly Overhead has been calculated to obtain the Annual Ratio of 0.87.
Rank | Institution | Average Assets | Overhead | Ratio |
---|---|---|---|---|
1 | Luana Savings Bank | $1,986,542,000 | $4,320,000 | 0.87 |
2 | Citizens Savings Bank | $31,054,000 | $132,000 | 1.70 |
3 | Waukon State Bank | $355,523,000 | $1,532,000 | 1.72 |
4 |
Bank 1st |
$162,713,000 | $752,000 | 1.85 |
5 | Central State Bank | $393,272,000 | $2,003,000 | 2.04 |
6 | FreedomBank | $468,710,000 | $2,428,000 | 2.07 |
7 | Peoples State Bank | $913,897,000 | $5,064,000 | 2.22 |
8 | Decorah Bank & Trust Company | $594,211,000 | $3,789,000 | 2.55 |
9 | Elgin State Bank | $29,917,000 | $219,000 | 2.93 |
10 | Interstate Federal Savings and Loan | $8,143,000 | $65,000 | 3.19 |