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712-364-3393
501-7 2nd Street
Ida Grove, IA 51445

United Bank of Iowa is headquartered in Ida Grove and is the 10st largest bank in the state of Iowa. It is also the 533rd largest bank in the nation. It was established in 1932 and as of December of 2013, it had grown to 237 employees at 25 locations. United Bank of Iowa has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 United Bank of Iowa had $5.14 million in non-current loans and owned real-estate with $142.71 million in equity and loan loss allowances on hand to cover it. This gives United Bank of Iowa a Texas Ratio of 3.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for United Bank of Iowa decreased slightly from 4.36% as of December 31, 2012 to 3.61% as of December 31, 2013, resulting in a positive change of 17.33%.This indicates that the balance sheet and financial strength for United Bank of Iowa has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, United Bank of Iowa has increased its total deposits by $24.76 million, resulting in 2.54% 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 United Bank of Iowa has shown is above average.

Capitalization

GRADE:
A

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. United Bank of Iowa has $1.24 billion in assets with $142.71 million in equity, resulting in a capitalization level of 11.46%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #958
Year Established1932
Employees237
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.24 billion
Loans$1.02 billion
Deposits$1.00 billion
Equity Capital$126.58 million
Loan Loss Allowance$16.12 million
Unbacked Noncurrent Loans$4.97 million
Real Estate Owned$175,000
Historic Data - December 2012
Assets$1.22 billion
Equity Capital$123.20 million
Loan Loss Allowance$15.14 million
Unbacked Noncurrent Loans$4.97 million
Real Estate Owned$143,000
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets1.67%
Return on Equity16.33%
Interest Income$48.16 million
Rates

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Locations

United Bank of Iowa has 25 locations. Click to view all United Bank of Iowa locations.