United Bank of Iowa: how it compares with its peers
Against 21 IA banks with half to twice its assets, United Bank of Iowa's strongest measure in Q2 2026 is return on assets (1.29% vs. a 1.34% peer median). Its weakest relative measure is net interest margin (2.95% vs. 3.54%).
| Measure | United Bank of Iowa | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.29% | 1.34% | Middle third Ahead of 38% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.95% | 3.54% | Bottom third Ahead of 14% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.90% | 51.77% | Middle third Ahead of 38% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.3M | $9.6M | Bottom third Ahead of 29% of peers |
| Loans to deposits Net loans and leases over total deposits. | 84.43% | 90.84% | Context |
What it means for lending operations
Its efficiency ratio of 56.90% is above the 51.77% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Fidelity Bank & Trust Dubuque, IA · $2.60B
- Bank Iowa West Des Moines, IA · $2.35B
- Luana Savings Bank Luana, IA · $2.34B
- Central Bank Storm Lake, IA · $2.29B
- Quad City Bank and Trust Company Bettendorf, IA · $2.77B
- Cedar Rapids Bank and Trust Company Cedar Rapids, IA · $2.90B
Questions about United Bank of Iowa
How big is United Bank of Iowa?
United Bank of Iowa, established in 1932, is headquartered in Ida Grove, IA. It reported $2.50B in total assets in its Q2 2026 FDIC call report and operates 38 offices.
What is United Bank of Iowa's return on assets?
1.29% annualized in Q2 2026, against a 1.34% median for 21 IA banks with half to twice its assets, ahead of 38% of them.
What is United Bank of Iowa's efficiency ratio?
56.90% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 51.77%, and lower is better.
Is United Bank of Iowa growing its loans?
Net loans grew 5.0% over the year to Q2 2026, while deposits grew 3.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Iowa bank ranked.