United Bank of Iowa
Ida Grove, Iowa, Ida County
$2.5B in total assets, the 514th largest of 4,309 US banks and 9th of 227 headquartered in Iowa.
- FDIC certificate
- 958
- Established
- 1932
- Owned by
- Ida Grove Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.unitedbk.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 | $2.5B | 69% | $1.7B | |
| Loans | $1.7B | 58% | $1.3B | |
| Deposits | $2.0B | 62% | $1.5B | |
| Return on assets | 1.29% | 54% | 1.28% | |
| Net interest margin | 2.95% | 15% | 3.51% | |
| Efficiency ratio | 56.9% | 65% | 51.5% | |
| Equity to assets | 9.18% | 19% | 10.33% | |
| Loans to deposits | 86% | 35% | 91% |
Growth
Total assets grew 5.2% a year over the last 5 years and 6.1% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2019 | Rolfe State Bank Rolfe, IA | $41M |
| Aug 2018 | The First Trust & Savings Bank Marcus, IA | $33M |
| Mar 2015 | Blencoe State Bank Onawa, IA | $44M |
| Dec 2010 | Moorhead State Bank Moorhead, IA | $19M |
| Oct 2010 | American National Bank Holstein, IA, an affiliate under the same holding company | $225M |
| Sep 2006 | First Bank and Trust Company Glidden, IA | $57M |
| Jun 2001 | Alliance Bank Rockwell City, IA | $64M |
| Feb 2001 | United Bank of Iowa Carroll, IA, an affiliate under the same holding company | $29M |
| May 1994 | Liberty Bank & Trust Odebolt, IA | $15M |
| Feb 1991 | American Federal Savings Association of Iowa Des Moines, IA | $475M |
| Jun 1990 | Sun Federal Savings and Loan Association Fort Dodge, IA | $23M |
| Jun 1989 | First Trust and Savings Bank Galva, IA | $11M |
Where they operate
38 branches in 16 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Ida County, IA | $467M | 77.0% | 1 of 4 |
| Crawford County, IA | $214M | 28.5% | 1 of 6 |
| Calhoun County, IA | $205M | 44.4% | 1 of 5 |
| Carroll County, IA | $198M | 13.8% | 4 of 9 |
| Buena Vista County, IA | $143M | 14.8% | 4 of 6 |
| Woodbury County, IA | $97M | 2.8% | 9 of 20 |
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 11 branches since 2016 (27 to 38, +40.7%). 12 opened, 2 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 27 | |||
| 2017 | Opened Boone | 1 | 0 | +1 | 28 |
| 2018 | Opened Glidden and MarcusClosed Glidden | 2 | 1 | +1 | 29 |
| 2019 | Acquired Rolfe State BankOpened Aurelia and Cleghorn, closed Pocahontas | 4 | 1 | +3 | 32 |
| 2020 | Opened 5 in IowaClosed Aurelia | 5 | 1 | +4 | 36 |
| 2025 | Opened Manning | 1 | 0 | +1 | 37 |
| 2026 through Q2 | Opened Battle Creek | 1 | 0 | +1 | 38 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 49% | 11% | |
| Agricultural | 27% | 9% | |
| 1-4 family residential | 11% | 21% | |
| Business (C&I) | 5% | 14% | |
| Commercial real estate | 3% | 23% | |
| Consumer | 3% | 1% | |
| Construction and land | 1% | 8% | |
| Multifamily | 0% | 11% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 50% | 27% | |
| Other interest-bearing | 33% | 59% | |
| Noninterest-bearing | 18% | 15% |
Brokered deposits are 4.2% of deposits (peers 4.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.23% | 0.31% |
| Net charge-offs, annualized | -0.01% | 0.01% |
| Reserves to loans | 1.37% | 1.19% |
| Leverage ratio | 10.34% | 10.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Ida 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/united-iowa