50 Most Efficient Community Banks Nationally
November 11, 2018
Luana Savings Bank has been featured once again as one of Bauer Financial's "50 Most Efficient Community Banks" nationally. To make the list, Bauer Financial requires certain capital ratios and star ratings, and the bank must be classified as "well capitalized" by Federal Regulators.
The ranking system is based on financials for June 30, 2018 as reported by federal regulators, published in Bauer Financial's Jumbo Rate News 35:41 p7. Bauer Financial is an independent bank research firm reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Bauer Financial is not affiliated with Luana Savings Bank. Learn more online at www.bauerfinancial.com.
Luana Savings Bank Employees Recognized for 50 Years of Service
October 5, 2018
Judy Hoffman & Colleen Leichtman of Luana Savings Bank in New Hampton were each recently honored by the Iowa Bankers Association (IBA) for more than 50 years of service at a bank. They were recognized during the IBA Annual Convention on Sept. 18 in Des Moines. Judy and Colleen were two of twenty-one individuals recognized for reaching the 50-year milestone.
"Iowa banks have been a trusted resource for Iowans for more than 100 years. We are honored to have the commitment and experience of bankers like Judy and Colleen, who have worked to provide valuable service to Iowa bank customers and their communities for more than half a century," said IBA President and CEO John Sorensen.
Both Judy and Colleen started their careers in banking immediately out of high school in the mid-60's. Both are retired now, but with their commitment to the field they have seen many changes in the banking industry throughout their tenure. Luana Savings Bank in New Hampton first started out as First National Bank which later changed to First State Bank. Luana Savings Bank took ownership in 2008 and is here to stay. The dedication of past and present employees to their jobs and community is truly an asset to every customer.
The Iowa Bankers Association represents Iowa banks and savings institutions. Iowa Bankers are committed to the values of honesty, hard work and community service, and have been a trusted resource for Iowans for more than 100 years. Iowa banks offer FDIC insurance and lend more than $82 billion to help individuals, business owners and agriculture. More than 30,000 Iowans work at an Iowa bank and bank employees volunteer more than 300,000 hours to support local communities each year. To learn more, visit www.iowabankers.com.
New Branch Facility and Community Center Announced
September 10, 2018
Luana Savings Bank has announced a new branch facility and 116 occupancy community center in Norwalk, IA. The new facility is a sign of our gratitude for local support - past, present, and perpetually into the future. The new facility will allow our staff to better serve existing and new customers.
The new Norwalk facility marks our third new construction featuring a community room in three years, with more than half of our branches featuring community meeting rooms. As Luana Savings Bank continues to grow, we also deepen our roots in the local communities that we serve.
Luana Savings Bank Introduces Mobile Deposit
March 26, 2018
Luana Savings Bank is excited to announce our latest electronic banking feature, Mobile Deposit! Skip the drive and quickly deposit qualifying checks into your checking or savings account using the 'Luana Bank' Android or iOS mobile app instead.
Enroll in Mobile Deposit today! Additional important details and limitations apply; please remember to endorse your items exactly as shown on our Mobile Deposit page.
Luana Savings Bank Recognized Again as Top Performer
March 22, 2018
For the third time in 18 months, Luana Savings Bank has been recognized nationally as a top performing community bank. S&P Global Market Intelligence ranked Luana Savings Bank 90th in performance among 4,383 of its peers, and 4th best in the State of Iowa. To reach the top 2%, Luana Savings Bank exhibited excellent: returns on investment, efficiency, Texas ratio, net interest margin and loan growth.
To be eligible for ranking, a Bank or thrift had to possess a loan-to-asset ratio of at least one-third and no more than half of those loans could be from credit cards. Further, the company had to be well-capitalized according to current regulatory standards and no more than half of the institution's revenue could come from nontraditional banking activities. Banks larger than, and with parent companies larger than $1 Billion in assets as of 2017 year end were excluded.
Luana Savings Bank Exceeds 1 Billion Dollars in Assets
January 22, 2018
Luana Savings Bank has exceeded one billion dollars in assets. As one of the largest banks in Iowa, we take pride in maintaining personal, community-bank values and a positive presence within our communities.
Founded in 1908, Luana Savings Bank has proven itself as a stable institution, one of the oldest in the state of Iowa. We're continually recognized nationally for our high efficiency and great rates.
We would like to thank our loyal customers for your business and continued support. Our mission is to deliver quality service to quality customers by quality employees at a quality price.