Iowa State Bank
Hull, Iowa, Sioux County
$1.3B in total assets, the 883rd largest of 4,309 US banks and 23rd of 227 headquartered in Iowa.
- FDIC certificate
- 13953
- Established
- 1879
- Owned by
- Vogel Bancshares Inc
- Primary regulator
- FED
- Website
- www.iowastate.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 | $1.3B | 15% | $1.8B | |
| Loans | $905M | 12% | $1.3B | |
| Deposits | $873M | 2% | $1.5B | |
| Return on assets | 1.62% | 73% | 1.28% | |
| Net interest margin | 3.68% | 77% | 3.49% | |
| Efficiency ratio | 45.8% | 19% | 52.3% | |
| Equity to assets | 10.91% | 62% | 10.14% | |
| Loans to deposits | 104% | 85% | 90% |
Growth
Total assets grew 10.8% a year over the last 5 years and 8.8% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2021 | Iowa Prairie Bank Brunsville, IA | $71M |
| Jul 2021 | Melvin Savings Bank Melvin, IA | $94M |
| Jan 2014 | Iowa State Bank Remsen, IA, an affiliate under the same holding company | $118M |
| Dec 2001 | Iowa State Bank Orange City, IA, an affiliate under the same holding company | $105M |
Where they operate
14 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Sioux County, IA | $457M | 15.6% | 3 of 9 |
| Plymouth County, IA | $185M | 12.9% | 3 of 8 |
| O'brien County, IA | $138M | 13.5% | 4 of 9 |
| Osceola County, IA | $78M | 33.1% | 2 of 4 |
| Ida County, IA | $15M | 2.5% | 4 of 4 |
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 6 branches since 2016 (8 to 14, +75.0%). 3 opened, 5 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2016 | Opened Le Mars | 1 | 0 | +1 | 9 |
| 2019 | Closed Le Mars | 0 | 1 | −1 | 8 |
| 2021 | Acquired Melvin Savings Bank and Iowa Prairie Bank | 5 | 0 | +5 | 13 |
| 2023 | Opened Galva | 1 | 0 | +1 | 14 |
| 2024 | Opened HolsteinClosed Galva | 1 | 1 | 0 | 14 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 41% | 11% | |
| Agricultural | 17% | 9% | |
| Commercial real estate | 16% | 22% | |
| Business (C&I) | 9% | 14% | |
| 1-4 family residential | 6% | 21% | |
| Multifamily | 4% | 11% | |
| Construction and land | 3% | 8% | |
| Consumer | 1% | 1% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 58% | |
| Time deposits | 34% | 27% | |
| Noninterest-bearing | 15% | 15% |
Brokered deposits are 6.3% of deposits (peers 4.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.06% | 0.31% |
| Net charge-offs, annualized | -0.07% | 0.01% |
| Reserves to loans | 1.19% | 1.22% |
| Leverage ratio | 11.72% | 10.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Sioux 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/iowa-state-bank-hull-ia