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131 Main Street
Hills, IA 52235

Hills Bank and Trust Company is headquartered in Hills and is the 2nd largest bank in the state of Iowa. It is also the 331st largest bank in the nation. It was established in 1904 and as of December of 2013, it had grown to 400 employees at 18 locations. Hills Bank and Trust Company has a A+ health rating.

Reviews (2)

Excellent Service

I visited Hills Bank branch at University of Iowa Hospitals and Clinics yesterday.  I stopped because I did not have checkbook with me and I needed a check to pay my vehicle registration right after work--otherwise I would have been penalized.  I stopped and the lady (short dark hair) either just got back from lunch or was going to lunch but when she saw other person was busy with a client, she right away put down her bag and offered her assistance without batting an eye.  She was very pleasant and also very helpful.  That is what service excellence is all about.  I was very impressed! Way to go! 

Excellent Service- Still Has 'Small Town Feel'

I have banked at Hills bank for 8 years, and my parents have banked there for decades, and we have had nothing but good experiences. The staff is always very friendly and competent and provides excellent, personal service. They have a good variety of services, competetive rates and are one of the few banks that still doesn't charge ATM fees. Whenever I have had a reason to call customer service, it's easy to get a live person on the phone right away (during business hours) and they have resolved my issue ASAP without hassle. Their internet banking is very reliable, secure and easy to use. I recently moved out of state, so I will be needing to open a local account in my new city, but I plan to keep my savings and investments with Hills Bank.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Hills Bank and Trust Company had $8.7 million in non-current loans and owned real-estate with $297.67 million in equity and loan loss allowances on hand to cover it. This gives Hills Bank and Trust Company a Texas Ratio of 2.92% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Hills Bank and Trust Company decreased slightly from 3.96% as of December 31, 2012 to 2.92% as of December 31, 2013, resulting in a positive change of 26.29%.This indicates that the balance sheet and financial strength for Hills Bank and Trust Company has improved slightly in recent periods.

Deposit Growth


In the past year, Hills Bank and Trust Company has increased its total deposits by $46.98 million, resulting in 2.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hills Bank and Trust Company has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hills Bank and Trust Company has $2.17 billion in assets with $297.67 million in equity, resulting in a capitalization level of 13.73%, which is excellent.

Institution Statistics

FDIC Certificate #14650
Year Established1904
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.17 billion
Loans$1.81 billion
Deposits$1.71 billion
Equity Capital$272.12 million
Loan Loss Allowance$25.55 million
Unbacked Noncurrent Loans$8.16 million
Real Estate Owned$541,000
Historic Data - December 2012
Assets$2.10 billion
Equity Capital$254.21 million
Loan Loss Allowance$25.16 million
Unbacked Noncurrent Loans$8.16 million
Real Estate Owned$746,000
Profit Margin - Quarterly
Net Interest Margin3.35%
Return on Assets1.24%
Return on Equity10.05%
Interest Income$84.11 million

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Hills Bank and Trust Company Savings Account Rates

0.25%$500k-Business Gold Savings
0.25%$500k-Cash Management
0.25%$500k-Gold Savings
0.10%--Regular Savings
0.10%--GO! Savings
0.10%--Penny Savers Savings
0.10%--Business Savings
0.10%--Open Time Account Add-On IRA
0.10%--Open Time Account Add-On CESA

Hills Bank and Trust Company Money Market Rates

0.25%$500k$500kGold Premier Money Market
0.25%$500k-Business Gold Premier Money Market
0.15%$10k-Money Market
0.15%$10k-Business Money Market

Hills Bank and Trust Company Checking Account Rates

0.25%$500k-Business Interest Checking
0.15%$50k-Not-For-Profit Investment Checking
0.10%--Gold Checking

Hills Bank and Trust Company CD Rates

1.50%$500-54 Month CD Special
1.50%$500-54 Month Business CD Special
1.15%$500-60 Month CD
1.15%$500-60 Month Business CD
1.00%$500-34 Month CD Special
1.00%$500-Business 34 Month CD Special
0.90%$500-48 Month CD
0.90%$500-48 Month Business CD
0.90%$100-48 Month CollegeSaver CD
0.70%$500-36 Month CD
0.70%$500-36 Month Business CD
0.55%$500-30 Month CD
0.55%$500-30 Month Business CD
0.50%$500-24 Month CD
0.50%$500-24 Month Business CD
0.50%$100-24 Month CollegeSaver CD
0.50%$50-24 Month Add-on Gift CD
0.45%$500-18 Month CD
0.45%$500-18 Month Business CD
0.35%$500-12 Month CD
0.35%$500-12 Month Business CD
0.20%$500-6 Month CD
0.20%$500-6 Month Business CD
0.10%$500-3 Month CD
0.10%$500-3 Month Business CD

Hills Bank and Trust Company IRA Rates

1.50%$500-54 Month IRA Special
1.50%$100-54 Month CESA Special
1.15%$500-60 Month IRA
1.15%$100-60 Month CESA
1.15%$500-60 Month Add-On IRA
1.15%$100-60 Month Add-On CESA
1.00%$500-34 Month IRA Special
1.00%$100-34 Month CESA Special
0.90%$500-48 Month IRA
0.90%$100-48 Month CESA
0.90%$500-48 Month Add-On IRA
0.90%$100-48 Month Add-On CESA
0.70%$500-36 Month IRA
0.70%$100-36 Month CESA
0.70%$500-36 Month Add-On IRA
0.70%$100-36 Month Add-On CESA
0.55%$500-30 Month IRA
0.55%$100-30 Month CESA
0.50%$500-24 Month IRA
0.50%$100-24 Month CESA
0.50%$500-24 Month Add-On IRA
0.50%$100-24 Month Add-On CESA
0.45%$500-18 Month IRA
0.45%$100-18 Month CESA
0.45%$500-20 Month Add-On IRA
0.45%$100-20 Month Add-On CESA
0.35%$500-12 Month IRA
0.35%$100-12 Month CESA
0.20%$500-6 Month IRA
0.20%$100-6 Month CESA
0.10%$500-3 Month IRA
0.10%$100-3 Month CESA

Hills Bank and Trust Company has 17 locations. Click to view all Hills Bank and Trust Company locations.