Cedar Rapids Gazette: The Iowa banking industry continues to maintain strong levels of capital and liquidity despite the financial impact to state businesses and consumers from the COVID-19 pandemic. Iowa-chartered banks ended the first quarter with $65.2 billion in active loans, up 4.3% from $62.6 billion at the end of the same quarter of 2018, according to a report from the Federal Deposit Insurance Corp. Net loan charge-offs were down to 0.08% from 0.12% in the final quarter of 2019. Bank earnings were negatively affected by increases in loan loss provisions. First-quarter net income for the Iowa banking industry was $243 million on March 31, down 8.3% from $265 million on March 31, 2019. Return on assets was 1.05%, down from 1.21%.