Luana Savings Bank Ranks #1 in Operating Efficiency in Northeast Iowa

February 11, 2022

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:

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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
To calculate annual 0.87 ratio: $4,320,000 (quarterly overhead) x 4 (quarters) = $17,280,000 ÷ $1,986,542,000 = 0.87.