As you will see later in this newsletter, the financial health of Iowa and Iowa's banks remains robust.
Capital is strong and classification levels are stable, even declining.
Another strong indicator is the number of new charter applications we have had in the past year. The enclosed list indicates five new applications. In fact, we have seen eleven new charter applications in the past two years. Interestingly, many of these new charters are in towns of less than 3,500 population. I believe this reflects positively on the health of Iowa and its banks.