Luana Savings Bank
02/11/2022 | Press release | Archived content
Luana Savings Bank Ranks #1 in Operating Efficiency in Northeast Iowa
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 https://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.
Luana Savings Bank published this content on February 11, 2022, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 15, 2026 at 07:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]