Bank Iowa
West Des Moines, Iowa, Dallas County
$2.3B in total assets, the 541st largest of 4,309 US banks and 10th of 227 headquartered in Iowa.
- FDIC certificate
- 14521
- Established
- 1923
- Owned by
- Bank Iowa Corp
- Primary regulator
- FED
- Website
- www.bankiowa.bank
At a glance
Compared with 26 banks headquartered in Iowa with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.3B | 65% | $1.7B | |
| Loans | $1.8B | 62% | $1.3B | |
| Deposits | $2.0B | 69% | $1.5B | |
| Return on assets | 1.28% | 42% | 1.29% | |
| Net interest margin | 3.71% | 81% | 3.49% | |
| Efficiency ratio | 62.1% | 92% | 51.5% | |
| Equity to assets | 8.65% | 8% | 10.33% | |
| Loans to deposits | 91% | 50% | 90% |
Growth
Total assets grew 6.6% a year over the last 5 years and 7.5% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2019 | First State Bank of Colfax Colfax, IA | $64M |
| Mar 2011 | Bank Iowa Red Oak, IA, an affiliate under the same holding company | $132M |
| Mar 2011 | Bank Iowa Denison, IA, an affiliate under the same holding company | $145M |
| Mar 2011 | BANK IOWA New Hampton, IA, an affiliate under the same holding company | $206M |
| Mar 2011 | Bank Iowa Altoona, IA, an affiliate under the same holding company | $142M |
| Mar 2011 | Bank Iowa Humboldt, IA, an affiliate under the same holding company | $172M |
| Mar 2011 | Bank Iowa Oskaloosa, IA, an affiliate under the same holding company | $148M |
| Nov 1989 | The Nodaway Valley National Bank of Villisca Villisca, IA | $19M |
Where they operate
25 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Page County, IA | $292M | 43.4% | 1 of 7 |
| Chickasaw County, IA | $265M | 35.0% | 1 of 8 |
| Dallas County, IA | $243M | 9.4% | 2 of 28 |
| Humboldt County, IA | $205M | 55.2% | 1 of 4 |
| Crawford County, IA | $199M | 26.4% | 2 of 6 |
| Montgomery County, IA | $176M | 46.9% | 1 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (24 to 25, +4.2%). 3 opened, 1 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 24 | |||
| 2017 | Opened Pella | 1 | 0 | +1 | 25 |
| 2019 | Acquired First State Bank of Colfax | 1 | 0 | +1 | 26 |
| 2020 | Closed Clarinda | 0 | 1 | −1 | 25 |
| 2023 | Opened West Des Moines | 1 | 0 | +1 | 26 |
| 2024 | Closed Charter Oak | 0 | 1 | −1 | 25 |
| 2025 | Opened Clear LakeClosed Gilmore City | 1 | 1 | 0 | 25 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 27% | 22% | |
| Farmland | 18% | 12% | |
| 1-4 family residential | 14% | 21% | |
| Construction and land | 11% | 8% | |
| Agricultural | 10% | 9% | |
| Business (C&I) | 10% | 14% | |
| Multifamily | 8% | 11% | |
| Consumer | 1% | 1% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 48% | 58% | |
| Time deposits | 36% | 27% | |
| Noninterest-bearing | 15% | 15% |
Brokered deposits are 5.5% of deposits (peers 4.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.38% | 0.28% |
| Net charge-offs, annualized | 0.07% | 0.01% |
| Reserves to loans | 1.35% | 1.19% |
| Leverage ratio | 8.94% | 10.28% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Page County, IA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/bank-iowa-west-des-moines-ia