Audubon State Bank

What Audubon State Bank does

Audubon State Bank is a state-chartered community bank founded in 1876 and headquartered at 307 Broadway Street in Audubon, Iowa. The bank operates from a single branch serving the local Audubon community and surrounding area with traditional retail, commercial, and agricultural banking services. Its customer base spans individual consumers, small businesses, farmers and agricultural operators, and local organizations including clubs and non-profits. The bank's core product set includes a range of checking accounts (Regular, NOW, Free, Insured Investment, and business variants), savings accounts (Regular, Student, Business, Organization, Christmas Club, HSA), certificates of deposit, Traditional/Roth/SEP IRAs, and a comprehensive loan suite covering commercial loans, consumer loans, agricultural loans, and home mortgages including purchase, construction, refinance, and home equity lines of credit.

The bank's technology stack is built on a proprietary internet banking platform (ASBOnline) that provides 24/7 account access, transfers, loan advances, e-statements, and integrated bill payment. Mobile banking is delivered through an iOS/Android app powered by Fiserv's Touch Banking platform, with mobile deposit and Zelle peer-to-peer payments integrated via a partnership with Early Warning Services. Fraud monitoring for ATM and debit cards is handled through a Shazam partnership. The bank also publishes a suite of online financial calculators and an interactive video education library covering mobile banking, e-statements, and identity theft protection.

Revenue is generated primarily through net interest income on loans (commercial, consumer, agricultural, and residential mortgages) and deposit-related fees. Account maintenance fees are tiered by minimum balance at $3-$7 per month, with check fees of 15 cents per check after the first 35 checks. CD minimums range from $500 to $2,500 across maturities of 3 months to 5 years. The bank's go-to-market is exclusively direct-to-consumer and direct-to-local-business through the branch, drive-up services, and digital self-serve channels — there is no institutional, wholesale, or third-party distribution layer. The bank is FDIC-insured and Equal Housing Lender certified, regulated under Iowa state law and federal FDIC oversight.

Name

Audubon State Bank

Legal name

Audubon State Bank

Website

https://audubonstatebank.com

Company type

Private

Founded year

1876

Operating status

Operating

Headcount range

11–50 employees

Short description

Audubon State Bank is a 147-year-old community bank headquartered in Audubon, Iowa, offering personal, small business, and agricultural banking services including checking, savings, CDs, IRAs, and commercial, consumer, and farm loans, delivered via a single branch and digital channels (ASBOnline, Fiserv-powered mobile app, and Zelle).

Ownership category

akta.pro rank

Headquarters

HQ city

Audubon

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including commercial loans, consumer loans, agricultural loans, and home mortgages
2. Deposit Account Fees: Monthly maintenance fees, check fees, and service charges on checking and savings accounts based on balance tiers
3. Checking Account Fees: Check fees (15 cents per check after 35 checks), tiered maintenance fees ranging from $3-$7 based on minimum balance
4. Certificate of Deposit Services: CDs with minimum balances of $500-$1,000 and various maturities from 3 months to 5 years
5. Loan Origination: Fees and interest from commercial loans, consumer loans, agricultural loans, and home loans including purchase, construction, refinance, and home equity lines of credit
6. Online Banking Services: Free ASBOnline access and bill payment services with no fees for enrolled customers

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Audubon State Bank is a community bank that accepts consumer and business deposits through checking, savings, money market, and certificate of deposit accounts, and originates consumer, residential mortgage, agricultural, commercial, and small-business loans. It delivers these services through one physical branch in Audubon, Iowa, complemented by ASBOnline internet banking, Touch Banking mobile app, Zelle, and bill pay for digital access.

Product overview

Audubon State Bank offers a unified digital banking platform (ASBOnline) providing personal, business, and agricultural banking services. The core offering integrates online banking, mobile banking (via iOS/Android apps), bill payment, and Zelle peer-to-peer transfers. Traditional banking products include checking and savings accounts, CDs/IRAs, and comprehensive loan products (commercial, consumer, agricultural, home loans). The bank also provides supplementary tools including financial calculators covering loans, mortgages, retirement planning, HSA management, and tax preparation, plus an online education video library for banking tutorials.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking account products targeted at individual consumers and households in Audubon County for everyday transactional banking, including Regular Checking, Free Checking, NOW Checking, and Super NOW Checking variants with maintenance-fee structures and balance-based waivers.
• Business Checking Account Business checking account product targeted at local small businesses, professional firms, and agricultural operators for managing operating cash, receivables, and payables.
• Personal Savings Accounts Personal savings account products targeted at individuals and households for liquidity reserves and goal-based saving, including Regular Savings and Premium Savings variants with balance-based interest tiers.
• Money Market Account Tiered money market deposit account targeted at individuals and businesses seeking higher-yield, liquid savings with check-writing or limited-transaction access.
• Business Savings Account Business savings account targeted at small businesses, agribusinesses, and professional firms for short-term reserves and operating cash parking.
• Certificates of Deposit (CDs) Fixed-term certificates of deposit targeted at consumer and business depositors seeking fixed-rate, insured term savings across multiple maturities.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts targeted at individuals planning for retirement, offered as deposit-based IRA products at the community bank.
• Holiday Club Account Seasonal-purpose savings account targeted at consumers who set aside funds throughout the year for holiday or planned-expense spending, with annual distribution.
• Consumer Loans Unsecured or secured consumer installment loans targeted at individuals for personal purchases, debt consolidation, and household financing.
• Home Loans Residential mortgage and home-equity loans targeted at consumers and households purchasing or refinancing primary residences in the bank's service area.
• Agricultural Loans Agricultural operating, equipment, and farm real-estate loans targeted at farm operators and agribusinesses in Audubon County and southwestern Iowa for crop inputs, livestock, machinery, and farmland financing.
• Commercial Loans Commercial loans targeted at local small businesses and commercial enterprises for working capital, equipment, inventory, and commercial real-estate financing.
• Small Business Loans Small-business loan facilities targeted at Main Street businesses in the bank's service area for short-term credit, expansion financing, and small-dollar working-capital needs.
• Online Banking Service (ASBOnline) Web-based internet banking platform branded ASBOnline, providing account access, transfers, and digital banking functionality to the bank's consumer and business customers via desktop browser.
• Mobile Banking App (Touch Banking) Mobile banking application powered by Fiserv's Touch Banking platform, targeted at consumer and business customers for on-the-go account access, transfers, and digital banking functionality via smartphone.
• Zelle Person-to-Person Payments Person-to-person digital payments service integrated with the Zelle network, targeted at consumer customers for sending and receiving funds from bank accounts using email or mobile number.
• Online Bill Pay Online bill-pay service targeted at consumer and small-business customers for scheduling and sending payments to billers via the bank's internet banking platform.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Early Warning Services (Zelle)coreTechnology or IntegrationPartnership with Zelle, operated by Early Warning Services LLC, to provide fast, safe, and free peer-to-peer money transfer services. Zelle enables customers to send money directly between bank accounts using just an email address or U.S. mobile number, typically within minutes.
• ShazamcoreTechnology or IntegrationShazam Fraud Operations Department provides fraud monitoring and protection services for lost or stolen ATM and debit cards. Contact number (866) 508-2693 for reporting fraudulent activity.
• AdobeminorOthersAdobe Acrobat Reader partnership - Adobe PDF reader is recommended for viewing documents in Portable Document Format on the bank's website.
• Fiserv (Touch Banking)coreTechnology or IntegrationMobile banking app powered by Touch Banking platform from Fiserv, enabling mobile banking services on iOS and Android devices.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Direct peers

• Bank Iowa: Iowa-headquartered community bank holding company with branches across rural and small-town Iowa. Operates a comparable community bank model with personal, business, and agricultural lending in similar geographies to Audubon State Bank.
• United Bank of Iowa: Iowa-based community bank serving western Iowa towns with deposit accounts, commercial lending, and agricultural financing. Closely comparable in footprint, product mix, and target customer segments.
• TS Bank: Titonka, Iowa-based community bank offering personal, business, and ag lending in rural Iowa. Comparable single-region community bank model serving similar customer demographics.
• Iowa State Bank: Iowa-based community bank providing checking, savings, and lending products to Iowa residents and small businesses. Similar community-focused offering with comparable geographic scope and customer profile.
• GNB Bank (Grundy National Bank): Grundy Center, Iowa community bank with personal, commercial, and agricultural lending products. Comparable small-town Iowa community bank serving rural customers and ag operators.
• First National Bank of Waverly: Iowa-headquartered community bank offering deposit accounts, commercial loans, ag lending, and mortgages. Similar community banking model serving Iowa small-town markets.

Broad incumbents

• Heartland Financial USA: Dubuque, Iowa-based regional bank holding company with multiple community bank charters across the Midwest. Larger and broader than Audubon State Bank but rooted in the same Iowa community banking heritage and serving overlapping customer segments.
• West Bank: Iowa-based community and commercial bank offering similar personal and business banking products. Larger scale than Audubon State Bank but operates in overlapping Iowa geography with comparable product focus on deposits and lending.
• QCR Holdings: Cedar Rapids, Iowa-based bank holding company operating community bank charters in Iowa, Illinois, and Missouri. Broader scale and geographic reach than Audubon State Bank but anchored in the same Iowa community banking model.

Regional players

• GreenState Credit Union: Iowa-headquartered credit union serving members statewide with checking, savings, lending, and ag-related products. Comparable Iowa market presence and customer segments, though organized as a credit union rather than a commercial bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Audubon State Bank