United Bank of Iowa in Ida Grove, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

United Bank of Iowa - Overview

  • General
  • FDIC Certificate #: 958
    Status: Active
    Federal Reserve ID: 738040
    Bank Holding Company (Regulatory Top Holder): Ida Grove Bancshares, Inc. (RSSDID: 1205183, Location: Ida Grove, IA)
    Date Established: Febuary 04, 1932
    WWW: http://www.unitedbk.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 25 (Domestic: 25, Interstate: No)
    OTS Docket #: 9909
    FDIC's unique #: 626
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 18, 2010
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 501-7 2nd Street, Ida Grove, IA 51445
    County: Ida
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,153.6 mil
    Equity capital: $114.4 mil
    Deposits held in domestic offices: $906.0 mil
    Return on assets (ROA): 1.87% ($21.6 mil)
    Quarterly return on assets: 1.84% ($21.2 mil)
    Return on Equity (ROE): 19.48% ($22.2 mil)
    Quarterly return on equity: 18.68% ($21.3 mil)
    Net income: $21.3 mil
    Quarterly Net income: $5.3 mil
    Pretax return on assets: 1.96% ($22,609.6 mil)
    Quarterly Pretax return on assets: 1.90% ($21,917.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 227Total employees (full-time equivalent)
  • $1,153,551Total assets
  • $106,118Cash and due from depository institutions
  • $84,869Interest-bearing balances
  • $56,665Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $924,415Net loans & leases
  • $13,556Loan loss allowance
  • $0Trading account assets
  • $17,343Bank premises and fixed assets
  • $942Other real estate owned
  • $8,482Goodwill and other intangibles
  • $1,153,551Life insurance assets
  • $39,586All other assets
  • $1,039,189Total liabilities and capital
  • $905,988Total liabilities
  • $808,088Total deposits
  • $905,988Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 23995.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $103,850Trading liabilities
  • $0Other borrowed funds
  • $5,356Subordinated debt
  • $114,362All other liabilities
  • $114,362Total equity capital
  • $114,362Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $32,491Surplus
  • $81,671Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,941Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,638Income earned, not collected on loans
  • $266Earning assets
  • $14,436Long-term assets (5+ years)
  • $1,065,949Average Assets, year-to-date
  • $222,754Average Assets, quarterly
  • $1,134,624Volatile liabilities
  • $1,147,995Insider loans
  • $941,650FHLB advances
  • $1,147,546Loans and leases held for sale
  • $10,456Unused loan commitments
  • $7,887Tier 1 (core) risk-based capital
  • $106,799Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,569Total unused commitments
  • $206,366Restructured Loans and leases
  • $3,800Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,047Total interest income
  • $14,764Total interest expense
  • $38,283Net interest income
  • $2,762Provision for loan and lease losses
  • $7,559Total noninterest income
  • $175Fiduciary activities
  • $3,632Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,752Additional noninterest income
  • $20,851Total noninterest expense
  • $13,285Salaries and employee benefits
  • $2,206Premises and equipment expense
  • $5,360Additional noninterest expense
  • $22,229Pre-tax net operating income
  • $0Securities gains (losses)
  • $956Applicable income taxes
  • $21,273Income before extraordinary items
  • $0Extraordinary gains - net
  • $21,273Net income attributable to bank
  • $0Net charge-offs
  • $21,273Cash dividends
  • $989Sale, conversion, retirement of capital stock, net
  • $10,197Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.87%Return on assets (ROA)
  • 1.96%Pretax return on assets
  • 19.48%Return on equity (ROE)
  • 10.14%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 279.27%Credit loss provision to net charge-offs
  • 25.27%Efficiency ratio
  • 45,050Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.93%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 204.22%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 102.03%Net loans and leases to core deposits
  • 110.85%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 11.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,134,624Average earning assets
  • $109,218Average equity
  • $1,052,148Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $87,362Managed Assets
  • 1Number of Accounts
  • $85,756Personal trust and agency accounts
  • $85,756Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 98Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,606Other retirement accounts
  • $656Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $950Fiduciary accounts held in foreign offices

List of branches

  • 25 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0626United Bank Of Iowa501-7 2nd Street, Ida Grove, IA 51445Febuary 04, 1932Full Service Brick and Mortar
    1186743Arthur Branch109 West 3rd Avenue, Arthur, IA 51431April 01, 1961Full Service Brick and Mortar
    346122Fort Dodge Branch1608 First Avenue South, Fort Dodge, IA 50501March 16, 1990Full Service Brick and Mortar
    441826Denison Branch14th And Broadway, Denison, IA 51442July 01, 1934Full Service Brick and Mortar
    5186744Ida Grove Drive-In Branch219 Main Street, Ida Grove, IA 51445March 06, 1993Limited Service Facility
    632546Odebolt Branch301 Main Street, Odebolt, IA 51458April 26, 1985Full Service Brick and Mortar
    7227067Kiron BranchGrove And Prairie Streets, Kiron, IA 51448October 20, 1980Limited Service Facility
    8223069Charter Oak Branch12 Main Street, Charter Oak, IA 51439October 03, 1996Full Service Brick and Mortar
    99875Carroll Branch609 North Clark Street, Carroll, IA 51401January 01, 1889Full Service Brick and Mortar
    105951Rockwell City Branch417 - 4th Street, Rockwell City, IA 50579January 01, 1933Full Service Brick and Mortar
    117437Lake City Branch201 North Center Street, Lake City, IA 51449March 20, 1920Full Service Brick and Mortar
    12362142Churdan Branch600 Head Street, Churdan, IA 50050March 01, 2001Full Service Brick and Mortar
    13366308Schleswig Branch31 2nd Street, Schleswig, IA 51461Febuary 14, 2003Full Service Brick and Mortar
    14442553Harlan Branch1802 23rd Street, Harlan, IA 51537October 01, 2004Full Service Brick and Mortar
    159428Glidden Branch121 Idaho St, Glidden, IA 51443January 01, 1877Full Service Brick and Mortar
    169416Lohrville BranchSecond And Main, Lohrville, IA 51453January 01, 1902Full Service Brick and Mortar
    17465924Storm Lake Branch1270 Lake Avenue, Storm Lake, IA 50588May 15, 2007Full Service Brick and Mortar
    1855571Holstein Branch116 North Kiel Street, Holstein, IA 51025March 10, 1995Full Service Brick and Mortar
    199640Galva BranchMain Street, Galva, IA 51020September 14, 1935Full Service Brick and Mortar
    2081673Sac City Branch400 Morningside Road, Sac City, IA 50583June 29, 2000Full Service Brick and Mortar
    216974Moville Branch120 South First Street, Moville, IA 51039January 01, 1890Full Service Brick and Mortar
    229195Kingsley Branch101 East First Street, Kingsley, IA 51028December 08, 1908Full Service Brick and Mortar
    23231955Pierson Branch201 Main Street, Pierson, IA 51048January 06, 1997Full Service Brick and Mortar
    24628Moorhead Branch124 Oak Street, Moorhead, IA 51558April 10, 1900Full Service Brick and Mortar
    25527711Dunlap Branch408 Hwy 30, Dunlap, IA 51529November 01, 2011Full Service Retail

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