PERFORMANCE UPDATE as of 12/31/22.
Luana Savings Bank continues to perform at the highest levels of the banking industry in Iowa and across the nation. Luana Saving Bank ranks #1 in both ROE and ROA among Northeast Iowa banks and #4 in both ROE and ROA among Iowa banks over 1 billion in asset size. Luana Savings Bank also ranks #1 in Efficiency among Iowa banks over 1 billion in asset size and #2 among Northeast Iowa banks.
WHAT ROE, ROA, AND EFFICIENCY RATIOS MEAN FOR BANKS
ROE and ROA are two key measurements showing the success of a bank’s operations. A high ROE shows how effectively a bank is taking advantage of its base of equity or capital. ROE also shows how efficiently a bank is operated which is a huge contributor to the success of this ratio. A high ROA shows how effectively a bank is creating earnings on its base of assets and managing the overall size of the institution.
Efficiency ratios indicate how effectively a bank is controlling its operating expenses, including how efficiently a bank’s branches operate. For example, Luana Savings Bank has 6 locations, compared to a competitor with over 30 locations. If the same amount of business is conducted within both banks, but one has exponentially higher operating costs due to the number of locations, it is clear how Luana Savings Bank is superior with operating efficiencies.
WHAT ROE, ROA, AND EFFICIENCY RATIOS MEAN FOR CUSTOMERS
Luana Savings Bank continues to put quality and profitable assets on its books and therefore the bank’s stellar ROE, ROA, and Efficiency Ratios will continue to shine compared to its peer group. This allows Luana Savings Bank to continue to pay superior money market and certificate of deposit rates to customers while aggressively competing for quality assets.
When customers ask how Luana Savings Bank can pay so much more on deposits than its competitors, top performance in ROE, ROA, and Efficiency Ratios can quickly be accredited as a key to this success. Luana Savings Bank is an excellent steward of its customers’ deposits. Customers are rewarded with great rates of return while having confidence in the performance, safety, and soundness of Luana Savings Bank. Over the past 30 years, Luana Savings Bank has kept ROE, ROA, and Efficiency Ratio performance at the very top of the banking industry, which is a clear indicator of a very well-managed institution with low risk.
ROE, ROA, AND EFFICIENCY RATIO DEFINED
Return on Equity (ROE): Annualized bank net income as a percent of average total equity on a consolidated basis.
Pre-Tax Return on Assets (ROA): Annualized pre-tax income as a percent of average total assets.
Efficiency Ratio: Total Overhead Expense expressed as a percentage of Net Interest Income (TE) plus Non-Interest Income.
*Figures as of 12-31-2022, Details & Financials, Institution Directory, Uniform Bank Performance Report (UBPR), FDIC.gov
Patricia Dyar, Retired Executive from John Deere Financial, recently joined Luana Savings Bank's Board of Directors.
From a small, 120-acre dairy farm in northeast Iowa to executive roles including President of John Deere's bank in Brazil, Patricia Dyar's career covers a 30+ year finance and banking journey with an impressive leadership trek across many functional areas during her tenure at John Deere Financial. Her experience includes: accounting & finance, collections, agricultural lending, construction marketing, agribusiness sales, and human resources. Her leadership involvement extends beyond John Deere Financial and includes leading charitable and philanthropic activities that have benefited the Des Moines and Dyersville communities. Dyar has served in capacities such as the Junior Achievement of Central Iowa board of directors, including board chair, and on the Metro Women Connect advisory board for Women Lead Change.
Dyar earned her BS in Public Service and Administration in Ag and MBA from Iowa State University. In retirement, Patricia spends time as an executive coach and speaking to university finance and international business classes about her career and sharing key learnings.
"We're very happy to welcome Patricia to our board. Patricia has established an impressive record of leadership, philanthropy, and character throughout her career. That, paired with her extensive financial knowledge and industry experience, will be a great asset for the bank," said Luana Savings Bank's President, David Schultz.
In 2022, Luana Savings Bank donated 36 computers along with dozens of monitors, printers, scanners, and other equipment to local non-profit organizations with a combined replacement value of over $36,000. Luana Savings Bank didn't just stop there, though: Bank employees assisted several of the recipients in setting up the equipment and configurations as well. "Whereas other entities might only cut checks for donations, Luana Savings Bank shares a bit of our expertise as well", says IT Manager Grant Langhus. "Although some of the computer equipment we donate is used, we spend time cleaning, testing and re-certifying it; installing new, faster components; and if the organization wishes we'll even pre-install Windows and other software, just as if the computer were brand new."
Equipment with a total replacement value well-exceeding $100,000 has been donated since Luana Savings Bank started tracking such activity in 2017. Langhus adds this is not only a good way to keep electronics out of our landfills, but to also help local cities, emergency responders, libraries, and schools throughout Iowa as well. "Without our IT donations, some school programs offering real-world educational opportunities would struggle to exist" he further quotes. "We're very proud of our IT donation program and will only continue to expand its reach".
Luana Savings Bank is continually looking for additional non-profit organizations to donate computer equipment to. To learn more, please Contact Us Regarding IT Donations.
Luana Savings Bank continues to perform at the highest levels of the banking industry in Iowa. Luana Savings Bank ranks #1 in both ROE and ROA among Northeast Iowa banks and #4 in both ROE and ROA among Iowa banks over 1 billion dollars in asset size.
WHAT ROE & ROA MEAN FOR BANKS
ROE and ROA are two key measurements showing the success of a bank’s operations.
A high ROE shows how effectively a bank is taking advantage of its base of equity or capital. ROE also shows how efficiently a bank is operated which is a huge contributor to the success of this ratio. A high ROA shows how effectively a bank is creating earnings on its base of assets and managing the overall size of the institution.
Luana Savings Bank continues to put quality and profitable assets on its books and therefore the bank’s stellar ROE & ROA will continue to shine compared to its peer group. This allows Luana Savings Bank to continue to pay superior money market and certificate of deposit rates to customers while aggressively competing for quality assets. In turn, this propels higher ROE and ROA ratios for Luana Savings Bank. Depositors will be rewarded with great rates of return while having confidence in the performance, safety, and soundness of Luana Savings Bank.
ROE & ROA DEFINED
For the third consecutive year, Luana Savings Bank has once again been awarded the honor of Metro's Best Bank, having also been awarded the title in 2020 and 2021. The Des Moines Register's Metro's Best is the annual reader-voted competition for local businesses within the Des Moines Metro area and surrounding communities where the Des Moines Register and Des Moines Register's Community Publications are distributed.
Nomination and voting rounds took place in May and July 2022. Only 5 nominees were named to compete in the final voting round and Luana Savings Bank again earned the top spot over all other major financial institutions within the Metro including U.S. Bank, West Bank, Community State Bank, and Bankers Trust. The special announcement was made available by the Des Moines Register at their Gala event on Thursday October 6th, in the Des Moines Register paper on Sunday October 9th, and online on Tuesday October 11th.
Luana Savings Bank previously held the title of West Des Moines' Best Bank or Credit Union in 2017 and 2018 when localized competitions were held in communities surrounding the Metro. Since 2020 the Des Moines Register has streamlined the process into a single prestigious competition encompassing the entire Metro and surrounding communities.
"Thank you to our customers and readers of the Des Moines Register who took the time to vote for Luana Savings Bank as the Metros Best Bank for the 3rd year in a row. What a remarkable honor! We pride ourselves in providing the best customer service we can offer. This award gives us the positive feedback from the general public and customers that we are doing just that. Luana Savings Bank is a great place to bank and our employees are fantastic. Again, thank you to everyone who voted for us. We are honored," said Angie Sprenger, Branch Manager and Residential Loan Officer of the Clive office.
Luana Savings Bank was established in 1908 and is the 10th largest community bank in the State* with 6 offices across Northeast and Central Iowa – Luana, Ossian, New Hampton, Polk City, Clive, and Norwalk.*Information reflects the list of Institutions as of September 7, 2022. Financial information as of June 30, 2022. Source: FDIC. https://www7.fdic.gov/idasp/advSearchLanding.asp
Luana Savings Bank is proud to announce we have ranked 7th in Earnings among Iowa Community Banks, based on Q2, 2022 performance. Luana Savings Bank has also ranked as the 10th Largest Community Bank in Iowa based on 2nd quarter total assets. Figures were taken from the FDIC 2nd Quarter Call Report (Financial Information as of June 30, 2022). This again solidifies Luana Savings Bank as a Top 10 Banking Institution in Iowa where Luana Savings Bank shows immense strength by all meaningful banking measures. Thank you to our loyal customers for your continued business and support.
View the report here: https://www7.fdic.gov/idasp/advSearchLanding.asp
Information reflects the list of Institutions as of September 7, 2022. Financial information as of June 30, 2022.
Luana Savings Bank continues to maintain outstanding Efficiency Performance compared to 16 other banks with offices in Northeast Iowa. Only one other bank matches this outstanding performance. Luana Savings Bank will continue working vigorously to maintain this performance and pass our efficiency savings along to our loyal customers.
Check out the highlights below:
CAPITAL. Capital Leverage Ratios at Luana Savings Bank continue to increase, up to 10.23% (6/30/22) from 10.04% (3/31/22). The bank's ratio is strong for its size and ranks well among Northeast Iowa banks. For Luana Savings Bank, capital availability is unlimited and capital formation is a strength.
NON-PERFORMING LOANS. Luana Savings Bank continues to dominate all competitors in loan administration, boasting non-performing loans at -0- for the 2nd consecutive quarter. This exceptional record demonstrates rock solid underwriting, credit analysis, and loan review by an outstanding lending team. This metric has trended near -0- for decades and is unheard of within the industry, particularly considering Luana Savings Bank has grown its loan portfolio on average over 10% each of the past 30 years.
EFFICIENCY RATIO & NON-INTEREST EXPENSE. Luana Savings Bank’s low ratios in these categories continue to be major components of its success. Luana Savings Bank boasts a competitive advantage of 3.5x among Northeast Iowa banks in this category. It is often asked how Luana Savings Bank can pay top deposit rates state- and nationwide. Being the best in efficiency and non-interest expense allows the bank to pass these benefits onto customers via great deposit rates, but also allows Luana Savings Bank to compete against the biggest banks and credit unions in its market areas for large loans with favorable interest rates.
Luana Savings Bank continues to maintain outstanding performance compared to the Top 20+ Community Banks in Iowa over 1 Billion in Assets. Luana Saving Bank will continue working vigorously to maintain this performance and pass the benefits onto our loyal customers.
Check out the highlights below:
CAPITAL. Capital Leverage Ratios at Luana Savings Bank continue to increase, up to 10.23% (6/30/22) from 10.04% (3/31/22). The bank's ratio is strong for its size and ranks well within the top 20+ banks. For Luana Savings Bank, capital availability is unlimited and capital formation is a strength.
NON-PERFORMING LOANS. Luana Savings Bank continues to dominate all competitors in loan administration, boasting non-performing loans at -0- for the 2nd consecutive quarter. This exceptional record demonstrates rock solid underwriting, credit analysis, and loan review by an outstanding lending team. This metric has trended near -0- for decades and is unheard of within the industry, particularly considering Luana Savings Bank has grown its loan portfolio on average over 10% year-over-year for the past 30 years.
EFFICIENCY RATIO & NON-INTEREST EXPENSE. Luana Savings Bank’s low ratios in these categories continue to be major components of its success. It is often asked how Luana Savings Bank can pay the best deposit rates statewide and at the top end nationwide. Being #1 in efficiency and non-interest expense allows the bank to pass these benefits onto customers via great deposit rates, but also allows Luana Savings Bank to compete against the biggest banks and credit unions in its market areas for large loans with favorable interest rates.
ROE & ROA DEFINED
Return on Equity (ROE): Annualized bank net income as a percent of average total equity on a consolidated basis.
Pre-Tax Return on Assets (ROA): Annualized pre-tax income as a percent of average total assets.
WHAT ROE & ROA MEAN FOR BANKS
ROE and ROA are two key measurements showing the success of a bank's operations.
A high ROE shows how effectively a bank is taking advantage of its base of equity or capital. ROE also shows how efficiently a bank is operated which is a huge contributor to the success of this ratio. A high ROA shows how effectively a bank is creating earnings on its base of assets and managing the overall size of the institution.
Of the top 25 community banks in Iowa over 1 billion in asset size, Luana Savings Bank ranks #1 in Return on Equity and #4 in Pre-Tax Return on Assets.
Luana Savings Bank continues to put quality and profitable assets on its books and therefore the bank’s stellar ROE & ROA will continue to shine compared to its peer group. This allows Luana Savings Bank to continue to pay superior money market and certificate of deposit rates to customers while aggressively competing for quality assets. In turn, this propels higher ROE and ROA ratios for Luana Savings Bank. Depositors will be rewarded with great rates of return while having confidence in the performance, safety, and soundness of Luana Savings Bank.
Luana Savings Bank is excited to announce that it has once again 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 0.72 (Overhead ÷ Avg Assets = Overhead Ratio). This is 2-4x 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:
CD Rates Money Market Rates Agriculture Rates Commercial Rates Mortgage Rates Auto Rates Other
Luana Savings Bank is a financial institution with approximately 2 Billion in Assets and has six total locations in the state of Iowa.
Here is the recent report from www.BankRegData.com for Overhead Expense Ratio:
Luana Savings Bank is proud to announce we have ranked 7th in Earnings among Iowa Community Banks, based on Q4 performance. Luana Savings Bank has also ranked as the 11th Largest Community Bank in Iowa based on 4th quarter total assets. Figures were taken from the FDIC 4th Quarter Call Report (12-31-21). This again solidifies Luana Savings Bank as a Top 10 Banking Institution in Iowa where Luana Savings Bank shows immense strength by all meaningful banking measures. We would like to sincerely thank our loyal customers for their continued business and support, as well as our exemplary team who contribute to the success at Luana Savings Bank.
View the report here: https://www7.fdic.gov/idasp/advSearchLanding.asp
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:
CD Rates Money Market Rates Agriculture Rates Commercial Rates Mortgage Rates Auto Rates Other
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 www.BankRegData.com. The Quarterly Overhead has been calculated to obtain the Annual Ratio of 0.87.
Luana Savings Bank is proud to announce that one of its top Residential Loan Officers has moved back to Northeast Iowa. Josh Uhlenhake, his wife Samantha and their 4 children have moved from the Des Moines area to the Ossian area. Josh previously worked out of Luana Savings Bank's Clive, IA location, and will now be the Senior Residential Loan Officer in the Ossian location.
Congratulations to Josh and his family. We recently asked Josh a few questions about his recent move and his experience with Luana Savings Bank:
Tell us about your recent move back to Ossian and your roots in the community.
I was born and raised in Calmar and graduated from South Winneshiek. I participated in football, basketball, track and baseball for the Warriors. I also spent time coaching little league and umpiring baseball games during the summers. I moved back home to be close to family and friends and get connected within the smaller community/schools.
Explain your experience (work history) with Luana Savings Bank.
I started with Luana Savings Bank as a loan processor in September 2012 for the Clive branch and gained experience within the loan department. I used those skills to transition into a Residential Loan Officer in October of 2014. I became a Sr. Residential Loan Officer in 2018. I spent around 9.5 years in the Clive branch/Des Moines market. I have worked with many customers with building their dream home, buying a home that is just right for them or taking advantage of one of the best products in the marketplace with Luana Savings Bank $0 cost refinances and purchases.
What kind of support do you receive from Luana Savings Bank?
Luana Savings Bank has a great office atmosphere, customer driven and great support staff that will help in anyway needed to get customers from beginning to end in getting into their dream home.
Can you tell us about the mortgage products that Luana Savings Bank offers?
Luana Savings Bank offers a wide range of mortgage and loan products including fixed rate products, adjustable loans, first-time home buyer loans, extended rate lock products, HELOCs, and offers ways to avoid Private Mortgage Insurance (PMI). Luana Savings Bank will also service your loans here locally with great customer service and your loans will not be sold off to another financial institution.
Are you looking forward to serving Ossian and the surrounding communities? Why?
Yes, I’m looking forward to using my knowledge and experience I gained while working in the Clive branch/Des Moines market to help out the Ossian, Calmar, Decorah and surrounding areas to help families in their home mortgage financing needs. I am also looking forward to getting back in the community I grew up in to help make it a great place to live and work.
If you would like to contact Josh regarding any residential loan products:
Josh Uhlenhake
Senior Residential Loan Officer
NMLS# 987805
P: 563-532-7022
123 E. Main St. Ossian, IA 52161
Luana Savings Bank is proud to announce we have ranked 7th in Earnings among Iowa Community Banks, based on Q3 performance. Luana Savings Bank has also ranked as the 11th Largest Community Bank in Iowa based on 3rd quarter total assets. Figures were taken from the FDIC 3rd Quarter Call Report (9-30-21). This again solidifies Luana Savings Bank as a Top 10 Banking Institution in Iowa where Luana Savings Bank shows immense strength by all meaningful banking measures. We would like to sincerely thank our loyal customers for their continued business and support, as well as our exemplary team who contribute to the success at Luana Savings Bank.
Luana Savings Bank has once again been awarded the honor of Metro's Best Bank in 2021, having also been awarded the title in 2020. The Des Moines Register's Metro's Best is the annual reader-voted competition for local businesses within the Des Moines Metro area and surrounding communities where the Des Moines Register and Des Moines Register's Community Publications are distributed.
Nomination and voting rounds took place in July and August 2021. Only 5 nominees were named to compete in the final voting round and Luana Savings Bank again beat out all other major financial institutions within the Metro including Bank of the West, Bankers Trust, Community State Bank, and Wells Fargo Bank. The special announcement was made available by the Des Moines Register on October 24th in online, print, and e-editions.
Luana Savings Bank previously held the title of West Des Moines' Best Bank or Credit Union for two years running when localized competitions were held in communities surrounding the Metro. Since 2020, the Des Moines Register has streamlined the process into a single prestigious competition encompassing the entire Metro and surrounding communities.
"We are extremely honored to be named Metro’s Best Bank again this year. We work hard every day to provide the best products and services we can, to help make Luana Savings Bank a great place to bank and work. This award is a true acknowledgment of that because it's reader- and consumer-voted, from the people and communities we serve. It's why our team loves coming to work every single day and why we are unwavering in our commitment to our customers," said Matt Janssen, Market President and Commercial Loan Officer at Luana Savings Bank's Clive office.
Luana Savings Bank was established in 1908 and is now the 10th largest community bank in the State with 6 offices across Northeast and Central Iowa – Luana, Ossian, New Hampton, Polk City, Clive, and Norwalk.
Luana, Iowa September 12, 2021 - Luana Savings Bank has been awarded a Top Workplaces 2021 honor by The Iowa Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.
"During this very challenging time, Top Workplaces has proven to be a beacon of light for organizations, as well as a sign of resiliency and strong business performance," said Eric Rubino, Energage CEO. "When you give your employees a voice, you come together to navigate challenges and shape your path forward. Top Workplaces draw on real-time insights into what works best for their organization, so they can make informed decisions that have a positive impact on their people and their business."
Luana Savings Bank's Senior Management commented, "We're honored to again be named a Top Workplace for our culture that values its people and amplifies talents. This award means the world because it's solely based on the feedback of our great people."
Luana Savings Bank is one of the oldest & largest community banks in Iowa, providing exceptional personal and business banking products and service. Luana specializes in all types of lending, offering the best loan products around with super competitive rates. Luana has been recognized as one of the most efficient banks in the entire country, meaning quick and local decision making. With Luana you get the best rates and products paired with community bank style service, personalized to your needs.
To learn more, visit topworkplaces.com and www.energage.com.
We're proud to announce Luana Savings Bank has now surpassed 2 Billion in Assets which ranks Luana Savings Bank as a Top 10 Banking Institution in Iowa. By all meaningful banking measures, Luana Savings Bank is financially stronger than 99% of all banking institutions in Iowa.
We would like to extend a special Thank-You to all our loyal customers and staff who contribute to the success at Luana Savings Bank.
Luana Savings Bank makes a solemn promise to our customers that we will continue to offer the most competitive products in the banking industry and will continue to offer the unmatched customer service for which Luana Savings Bank has been recognized for since 1908.
Thank-You to all our customers for your business and support!
September 13, 2020 – Luana Savings Bank has been awarded the honor of Metro's Best Bank or Credit Union 2020. The Des Moines Register's Metro's Best is the annual reader-voted competition for local businesses within the Des Moines Metro area and surrounding communities where the Des Moines Register and Des Moines Register's Community Publications are distributed.
Voting ran from September 10 - October 3, 2020 and Final Results were announced by the Des Moines Register online and in Datebook on November 19, 2020.
Luana Savings Bank previously held the title of West Des Moines' Best Bank or Credit Union two years running as local competitions were held in many of the communities surrounding the Metro. However, beginning this year, the Des Moines Register streamlined the process into a single prestigious competition encompassing the entire Metro and surrounding communities.
"Having previously been named West Des Moines' Best Bank was something we were proud of. Now having the grand title of Metro's Best Bank is something we're absolutely ecstatic to hold. What makes this so special is this competition is reader- and consumer- voted. We're here to serve our communities and this tells us we continue in the right direction." said Blake Schultz, EVP of Luana Savings Bank's newest Norwalk office.
Luana Savings Bank was established in 1908 and is now the 11th largest community bank in the State with offices in Luana, Ossian, New Hampton, Polk City, Clive, and Norwalk.
September 13, 2020 – Luana Savings Bank has been awarded a Top Workplaces 2020 honor by The Des Moines Register. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.
"In times of great change, it is more important than ever to maintain a connection among employees," said Eric Rubino, Energage CEO. "When you give your employees a voice, you come together to navigate challenges and shape your path forward based on real-time insights into what works best for your organization. The Top Workplaces program can be that positive outcome your company can rally around in the coming months to celebrate leadership and the importance of maintaining an employee-focused culture, even during challenging times."
"We continue to have solid growth and success within our organization and are now nearing 100 team members who have helped to make that happen." said David Schultz, Bank President. "It’s as important as ever to keep our culture and values strong. Receiving this award consecutively over the last several years supports our commitment to making that happen for our outstanding team now and into the future."
To learn more, visit topworkplaces.com and www.energage.com.
Luana Savings Bank has once again advanced as ranked nationally by the American Banker's Association (ABA) in their "Top 100 Farm Lenders Ranked by Dollar Volume" list, also advancing to the 5th position among Financial Institutions throughout Iowa. Farm Loan data was obtained by the ABA from the FDIC in 2Q of 2020.
"ABA has been dedicated to providing advocacy, information, training and education for banks that make and service agricultural loans or provide credit and other financial services to those living and working in rural America for more than 100 years."
To learn more, visit www.aba.com.
Luana Savings Bank Agricultural Loan Officer, Geordan Hanson, was among a group of Farm Bureau members from across the state who traveled to Des Moines for Farm Bureau Day at the State Capitol. Geordan had an opportunity to visit with Representative Mike Bergan to discuss three major Farm Bureau issues which included veterinarian programs and incentives, farm driving permits for students, and property taxes and mental health. Representative Bergan was kind enough to give Geordan and other lucky members an in-depth tour of the Capitol Dome for this bird's eye view as well as tours of both the House of Representatives and Senate Chambers.
Luana Savings Banks believes community involvement is essential and provides both employees and customers opportunities and incentives. We continue to be proud of our employees' and customers' accomplishments and involvement.
Robert, a lifetime native of Luana, Iowa, was crucial in helping shape Luana Savings Bank into the community-driven, nationally-recognized, successful institution it's become today. Robert was born into agriculture, the lifeblood of Northeast Iowa. Robert became involved at Luana Savings Bank while continuing to run his own farm. This work ethic and first-hand Ag knowledge grew Luana Savings Bank into what it is today. Robert helped grow Luana Savings Bank through offering flexible, fair products and services needed by his fellow neighbors. Even at 95 years young, Robert continued to participate in Bank operations and thoroughly enjoyed visiting with staff and customers at the Luana branch on a daily basis. Today, Luana Savings Bank continues to outpace metropolitan financial institutions because we continue to embrace those same neighborly values instilled by Robert Schultz.