Hardin County Savings Bank

Name

Hardin County Savings Bank

Legal name

Hardin County Savings Bank

Website

https://hardincsb.com

Company type

Private

Founded year

1868

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Student & Youth Banking (FSABAAAH)

Keywords

• Retail banking services
• Agricultural lending
• Community banking
• Consumer deposit accounts
• Small business lending

Headquarters

HQ city

Eldora

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including personal loans, mortgages, agricultural loans, and business loans. Interest is accrued on checking, savings, CD, and IRA accounts.
2. Fee Income: Monthly maintenance fees on certain accounts (e.g., $6 for Simply Interest Checking if balance drops below minimum, $8/month for Club Blue), overdraft fees, wire transfer fees, and other service charges.
3. Card Services: Revenue from debit card transaction fees and credit card partnerships through Common Sense Lenders.
4. Accounting Solutions Services: Fee-based accounting, bookkeeping, payroll, and tax preparation services for business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Hardin County Savings Bank is a privately held community bank offering a full range of personal and business banking products including checking accounts, savings accounts, CDs, IRAs, debit and credit cards, personal loans, mortgages, home equity loans, and student loans. It specializes in agricultural lending (crop input, livestock, equipment, ag real estate loans) and business lending for local small businesses, supported by multi-user online business banking, ACH origination, ACH payroll, and outsourced HCSB Accounting Solutions. Trust services and insurance referrals round out the offering, delivered through two physical branches in Eldora and Union, Iowa, plus digital banking channels.

Product overview

Hardin County Savings Bank offers a comprehensive suite of traditional banking products and services as a community financial institution. The core portfolio consists of personal banking (checking, savings, CDs/IRAs, debit cards), personal lending (mortgages, personal loans, student loans, credit cards), agricultural and business banking (deposit accounts, business/ag lending, online services, accounting solutions), and wealth management (trust services). The bank differentiates through loyalty programs (The LiNK and Club Blue add-on memberships) that bundle discounts, identity protection, and travel benefits. Insurance products are offered through partner agencies, and student loans are provided via iHELP/ZuntaFi partnership. The bank operates two physical locations (Eldora and Union, Iowa) with digital banking capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• The LiNK: Customer loyalty club with newsletters, social events, discounts on personal checks, safe deposit box rental savings, and additional services including faxes, photocopies, laminating, and Notary service.
• Club Blue

Products and services

• Premium Checking High-yield personal checking account earning 5.00% APY with a $2,500 minimum daily balance. Requires eStatements, one direct deposit or Remote Deposit Capture of $1,000 aggregate per cycle, and 10 debit card transactions per cycle. A $6 maintenance fee applies if the average daily balance falls below $2,500.
• Simply Checking Basic personal checking account with no minimum daily balance requirement, free unlimited check writing, and no monthly service charge. Students age 23 and under have minimum opening deposit and fees waived.
• Simply Interest Checking Interest-bearing personal checking account requiring a $1,500 minimum daily balance; a $6 monthly maintenance fee is charged if the average daily balance falls below the minimum.
• Regular Savings Basic personal savings account with a $50 minimum balance requirement, suitable for new and experienced savers.
• Super Saver Savings Tiered interest savings account rewarding larger balances; tiered interest starts at a $2,500 minimum balance.
• Student Savings Savings account for customers age 23 or under with a $10 minimum opening deposit and most fees waived; auto-converts to Regular Savings at age 24.
• Penny Savers Club Savings club account for children age 12 and under designed to build good savings habits through fun activities and practical lessons.
• Blue Advantage Savings Premium savings account that earns higher interest rates when combined with an HCSB checking account; requires a 60-day-old checking account, direct deposit, eStatements, and $2,500 minimum balance.
• Health Savings Account (HSA) Tax-exempt health savings account established as a checking account to bridge the gap between deductible and maximum out-of-pocket expenses; includes a free debit card and first 50 checks free.
• Christmas Club Savings Holiday savings account with automatic transfer capability and higher interest rate; matures in October to provide funds for holiday season spending.
• Vacation Club Savings Vacation savings account with automatic transfer capability and higher interest rate; funds transfer back to checking in May for vacation season.
• Certificates of Deposit (CDs) Fixed-term savings investments with flexible terms and competitive interest rates; includes Freedom CDs with three-year terms and a rate bump option.
• Traditional IRA Individual retirement account with tax-deferred growth; contributions may be tax-deductible depending on income and coverage.
• Roth IRA Individual retirement account with after-tax contributions and tax-free qualified withdrawals in retirement.
• SIMPLE IRA Savings Incentive Match Plan for Employees IRA; designed for small businesses with fewer than 100 employees.
• SEP IRA Simplified Employee Pension IRA; allows employers to contribute to employee retirement accounts.
• Coverdell Education Account Education savings account for K-12 and higher education expenses; contributions grow tax-free when used for qualified education expenses.
• HCSB Debit Card MasterCard-branded debit card for purchases and cash withdrawals directly from HCSB checking accounts; accepted at millions of merchants and ATMs worldwide and supports instant issue plus digital wallet integration with Apple Pay, Google Pay, and Samsung Pay.
• Personal Loans Installment loans for vehicles (new up to 60 months, used, and refinance), motor homes, RVs, and boats; variable terms based on collateral and loan amount.
• Mortgages Home loan products including in-house and secondary market mortgages with varying down payment and loan-to-value requirements; covers home purchases, construction, and refinancing, sourced through Iowa Bankers Mortgage Corporation.
• Home Equity Loans Loans secured by home equity for home improvements, debt consolidation, or special events such as weddings.
• iHELP Student Loans Private student loans administered by ZuntaFi (iHELP); offers undergraduate loans, graduate loans, and student loan refinancing with competitive rates and flexible repayment options.
• Visa and MasterCard Credit Cards Personal credit cards with no annual fee and online account access; issued through Common Sense Lenders.
• Business Checking Business checking account with a $100 minimum opening deposit, monthly statements with check images, debit card, and low monthly maintenance fee that can be offset by balance and activity.
• Business Savings Business savings account with tiered interest, accessible transfers to business checking, and online banking access.
• Business Lending Commercial loans including operating lines of credit, equipment financing, livestock loans, agricultural real estate loans, and construction loans.
• Ag Lending Agricultural financing for crop input loans, livestock loans, equipment financing and leasing, operating lines of credit, and agricultural real estate and construction loans, augmented by partnerships with the Iowa Ag Development Authority and the Farm Service Agency.
• Online Business Banking Digital banking platform for businesses with multi-user access, transaction review, fund transfers, payroll initiation, and report generation capabilities.
• ACH Origination Electronic payment service enabling secure ACH transactions through the Federal Reserve to any US bank account; same-day submission with next-day settlement.
• ACH Payroll Electronic payroll service transmitting payroll directly to the bank's data processing department for prompt employee payment.
• HCSB Accounting Solutions Fee-based outsourced accounting and bookkeeping services for business customers, including sales tax, payroll, accounts receivable, and accounts payable management; service delivered from the Eldora office (Monday–Friday, 8:30 a.m.–4:00 p.m.).
• Trust Services Trust and estate planning services including trust administration, beneficiary communication, accounting and tax reporting, and investment objective management.
• Insurance Products Insurance coverage offered through Brown-Hurst and Union-Whitten agencies including personal auto, homeowners, RV, umbrella, motorcycle, business insurance, bonds, life/health/dental, farm/crop insurance, employee benefits, senior benefits, and Medicare supplements.
• Club Blue Premium checking add-on membership priced at $8/month ($4/month for LiNK members); includes Club Wallet Checks, debit card benefits, unlimited bill payment, financial counseling, identity theft protection (IDProtect), credit monitoring, cellular phone protection, buyer's protection, extended warranty, accidental death and dismemberment insurance, shopping rewards, travel discounts, VIP concierge service, and roadside assistance.
• The LiNK Loyalty Club Customer loyalty club offering newsletters, social events, discounts on personal checks, safe deposit box savings, faxes, photocopies, laminating, and Notary service; free enrollment with $5,000 combined deposit balance, mortgage, or business relationship.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• iHELP / ZuntaFicoreStrategic or Co-development PartnerPartnership with ZuntaFi, administrator of iHELP student loan program, to provide student loan options for customers at all stages of life including undergraduate loans, graduate loans, and student loan refinancing. ZuntaFi has decades of experience in education loans.
• Brown-Hurst InsurancesupportingOthersIndependent insurance agency at 1201 Edgington Ave, Eldora, IA providing personal insurance (auto, homeowners, RV, umbrella, motorcycle), business insurance, bonds, life/health/dental, farm/crop insurance, employee benefits, senior benefits, and Medicare supplements.
• Union-Whitten InsurancesupportingOthersIndependent insurance agency at 415 Center St, Union, IA providing personal and business insurance coverage options. Offers personal insurance, business insurance, bonds, life/health/dental, farm/crop insurance, employee benefits, senior benefits, and Medicare supplements.
• VGM ForbinsupportingTechnology or IntegrationWebsite provider and accessibility partner for Hardin County Savings Bank. Website follows WCAG 2.0 AA accessibility standards. Contact for accessibility issues: [email protected] or 864-881-2823.
• Common Sense LenderssupportingChannel Partner/ Reseller/ DistributorProvides VISA business credit cards and personal credit cards for HCSB customers through an embedded application process on the HCSB website.
• Iowa Ag Development AuthoritysupportingGTM or Marketing PartnerState program offering loan assistance programs for agricultural operations in Iowa.
• SBA (Small Business Administration)supportingGTM or Marketing PartnerFederal loan assistance program partner for small business lending solutions.
• Farm Service AgencysupportingGTM or Marketing PartnerFederal agricultural loan assistance program partner for farmers and agricultural producers.
• Iowa Bankers Mortgage CorporationsupportingGTM or Marketing PartnerState association offering mortgage assistance programs for home loans and refinancing.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Heartland Financial USA (HTLF): Dubuque, Iowa-based multi-bank holding company operating community banks across the Midwest with combined retail, ag, and commercial offerings that compete with HCSB in overlapping Iowa markets.
• Wells Fargo: National megabank with significant commercial ag finance, branch, and digital banking presence across Iowa — a scale competitor for both deposit and ag credit customers in HCSB's territory.
• U.S. Bank: Large national bank with a meaningful U.S. ag lending franchise and Iowa retail/branch presence that competes with HCSB for ag operating loans, mortgages, and deposit relationships in Hardin County.
• MidWestOne Financial Group: Iowa-headquartered regional bank holding company with retail banking, ag lending, treasury management, and wealth services — overlaps HCSB's product set at a meaningfully larger scale and broader Iowa geography.

Direct peers

• United Bank of Iowa: Privately held Iowa community bank with a similar footprint serving rural agricultural and small-business customers across multiple Iowa counties using relationship-based community banking.
• Northwest Bank: Iowa-headquartered community bank operating across rural Northwest Iowa with comparable deposit, ag, commercial, and mortgage products aimed at farm families and small businesses.
• GreenState Credit Union: Iowa-headquartered depository institution with broad personal, business, mortgage, and ag-adjacent deposit and lending products competing for the same household and small-business customers across Iowa.
• Hills Bank and Trust Company: Iowa-based community bank headquartered in Iowa City that offers a comparable full suite of personal, ag, and business banking products to households and farms in eastern Iowa — the closest like-for-like operating model to HCSB.
• Iowa State Bank: State-chartered Iowa community bank with parallel personal/ag/business deposit and lending offerings to rural Iowa customers, including secondary-market mortgage and digital banking channels similar to HCSB's stack.
• Farm Credit Services of America: Cooperative ag lender covering Iowa, Nebraska, South Dakota, and Wyoming — competes directly with HCSB for crop input, livestock, equipment, and ag real estate loans in HCSB's farm territory.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Hardin County Savings Bank