Decorah Bank & Trust company

What Decorah Bank & Trust company does

Decorah Bank & Trust company is a privately held community bank headquartered in Decorah, Iowa, founded in 1935 and operating three branches across Northeast Iowa (downtown Decorah, South Decorah, and Cresco). The bank delivers a full-service retail and small-business banking franchise organized around three pillars: Personal Banking (checking, savings, CDs, debit cards, digital banking), Business Banking (including a dedicated Agriculture Banking line for Iowa farm operators), and Wealth/Trust Services (financial planning, investment management, estate planning, and trust administration). Its technology stack centers on an internet banking platform, native iOS and Android mobile applications, a digital self-service account opening portal (welcome.decorahbank.com), and "Cora," an AI-powered virtual assistant on the corporate website; loan and mortgage originations are processed through third-party Mortgage and Loan Web Centers, with Deluxe used for check ordering and Banzai for financial literacy content.

The bank's business model is a traditional spread-plus-fee community banking model. Revenue is generated from net interest income on home mortgages, home equity loans, personal loans, business loans, and agricultural loans; recurring deposit fees and interest spreads on checking, savings, and CDs; and professional-services fees from wealth management and trust administration. Go-to-market is direct-to-consumer and direct-to-SMB, delivered through in-person personal/business/agriculture bankers at three physical branches and supported by digital self-service channels. Customer segments — all treated as primary — are individual consumers, small-to-mid-sized business owners, agricultural customers, and high-net-worth individuals/families. The bank is locally owned and managed with no disclosed parent company, no institutional investor, and no public stock listing; it is FDIC insured, an Equal Housing Opportunity lender, and registered under NMLS# 677265.

Based on available evidence, the bank is in a stable, maintenance-oriented operating posture. Strategic activity in the source data is limited to incremental digital modernization (Cora virtual assistant, online account opening, third-party platform integrations, and a registered dual-bank trademark) rather than aggressive expansion, M&A, or new product launches.

Name

Decorah Bank & Trust company

Legal name

Decorah Bank and Trust Co.

Website

https://decorahbank.com

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Trusts, Estates, and Agency Accounts (52592), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Building Societies (Mutual Mortgage/Retail Banks) (FSABAEAE)

akta.pro secondary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Community banking services
• Agricultural lending
• Wealth management services
• Home mortgage loans
• Business banking

Headquarters

HQ city

Decorah

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including home mortgages, home equity loans, personal loans, and business/agriculture loans.
2. Deposit Products: Revenue from checking accounts, savings accounts, and CDs. Fees and interest spread constitute core banking revenue.
3. Wealth Management & Trust Services: Fee-based services for wealth accumulation, preservation, and transfer. Long-term relationship-based revenue from trust and wealth management clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Decorah Bank & Trust is a locally-owned community bank providing personal banking, business banking, agricultural lending, mortgage loans, and wealth management and trust services to consumers, small businesses, and farmers in Northeast Iowa. The bank operates three physical branches in Decorah and Cresco alongside online and mobile banking platforms, and offers dedicated personal, business, and agriculture bankers for relationship-based service.

Product overview

Decorah Bank & Trust is a community bank offering a comprehensive suite of traditional banking services organized around three core pillars: Personal Banking (checking, savings, CDs, debit cards, digital banking), Business Banking (including specialized Agriculture Banking), and Wealth/Trust Management. The bank provides lending products spanning home mortgages, home equity loans, personal loans, and business loans. Digital Banking serves as the primary online/mobile banking channel, while Cora the virtual assistant offers customer support. The bank also partners with third-party platforms including Deluxe (check ordering), Banzai (financial education), and Mortgage/Loan Web Centers for loan applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking
• Digital Banking
• Home Mortgage Loans
• Home Equity Loans
• Personal Loans
• Business Banking
• Agriculture Banking
• Business Loans
• Wealth Management Services
• Trust Services

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• BankIowa: Iowa-focused community bank delivering personal, business, agricultural, and mortgage banking in small-town and rural markets — directly comparable customer base and product set to Decorah Bank.
• United Bank of Iowa: Independently owned Iowa community bank providing deposit, lending, ag, and digital services to individuals and businesses in rural Iowa counties, mirroring Decorah Bank's market and product footprint.
• Hills Bank and Trust Company: Iowa-based community bank offering personal, business, mortgage, and wealth services with a comparable multi-branch, locally-owned operating model and similar mid-Iowa agricultural and small-business customer base.
• Citizens Savings Bank: Iowa community bank focused on personal and agricultural lending to rural households and farms, sharing Decorah Bank's small-town Iowa footprint and ag-banking emphasis.
• Iowa State Bank: State-chartered Iowa community bank serving small-town and agricultural customers with checking, savings, mortgage, and commercial products, closely paralleling Decorah Bank's rural, agricultural lending focus.
• Two Rivers Financial Bank: Independent Iowa community bank offering deposit, lending, agricultural, and digital banking services to rural customers in southeast Iowa — directly comparable rural community banking model.

Broad incumbents

• MidWestOne Bank: Iowa-headquartered community-oriented bank with a broader regional footprint across the Upper Midwest, offering deposit, lending, and wealth services that overlap with Decorah Bank's full-service community model.
• Northwest Bank: Midwest community-style bank with branches across Iowa and neighboring states providing personal, business, mortgage, and ag banking — overlapping customer segments with Decorah Bank at slightly broader scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/decorahbank

Compliance3 records

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 Decorah Bank & Trust company