Institution Profile
Address: 705 Grand Ave Spencer, IA 51301
Website:
FDIC Profile:
Established:
12/30/1988
Branches:
23
Branches by Region
IA 20 NE 3
Financial Overview
Total Assets
$2.95B
Total Deposits
$2.59B
Total Loans
$2.42B
Equity Capital
$291.54M
Employees
392
Allowance for Loan Losses
$30.63M
Performance Ratios
Net Worth Ratio
9.87%
Loan-to-Deposit Ratio
93.33%
Coverage Ratio
1.26% Allowance / Total Loans
Net Income
$30.30M
Return on Assets (ROA)
1.03%
Return on Equity (ROE)
10.98%
Assets, Loans & Deposits Over Time
Assets, Loans & Deposits Over Time
Total Assets: +69.50% Total Deposits: +78.95% Total Loans: +69.89% since 2020 Q1
Employee Growth
Employee Growth
Employees: +26.45% since 2020 Q1
Loan Portfolio Breakdown
Current outstanding balances by loan type
1-4 Family Residential
$694.18M 29.0%
Commercial Real Estate
$629.09M 26.3%
Commercial & Industrial
$306.11M 12.8%
Farmland
$218.96M 9.1%
Agricultural
$200.49M 8.4%
Construction
$157.37M 6.6%
Multifamily
$134.96M 5.6%
Auto Loans
$24.54M 1.0%
Municipal
$23.61M 1.0%
Other Consumer
$5.78M 0.2%
Portfolio Distribution
SBA 7(a) Loan Originations
Quarterly SBA origination activity and guaranteed exposure
SBA 7(a) Originations vs Cancellations per Quarter
Approved: -33.33% Cancelled: +0.00% since 2020 Q1
SBA 7(a) Approved vs Guaranteed vs Cancelled Dollars
Approved: +770.56% Guaranteed: +867.33% Cancelled: -0.79% since 2020 Q1
Net Income Trend
Net Income Trend
Net Income: +897.14% since 2020 Q1
Historical Data Table
| Quarter | Total Assets | Total Deposits | Total Loans | Net Income | Employees |
|---|---|---|---|---|---|
| 2025 Q4 | $2.95B | $2.59B | $2.42B | $30.30M | 392 |
| 2025 Q3 | $2.97B | $2.51B | $2.42B | $20.94M | 405 |
| 2025 Q2 | $2.95B | $2.49B | $2.38B | $12.41M | 406 |
| 2025 Q1 | $2.91B | $2.54B | $2.29B | $5.27M | 393 |
| 2024 Q4 | $2.90B | $2.49B | $2.29B | $17.62M | 399 |
| 2024 Q3 | $2.92B | $2.50B | $2.27B | $11.23M | 396 |
| 2024 Q2 | $2.94B | $2.47B | $2.28B | $7.19M | 408 |
| 2024 Q1 | $2.55B | $2.07B | $1.99B | $2.68M | 326 |
| 2023 Q4 | $2.61B | $2.01B | $1.99B | $15.05M | 329 |
| 2023 Q3 | $2.56B | $1.96B | $1.95B | $12.69M | 334 |
| 2023 Q2 | $2.52B | $1.95B | $1.91B | $8.51M | 332 |
| 2023 Q1 | $2.46B | $2.00B | $1.84B | $4.07M | 322 |
| 2022 Q4 | $2.47B | $2.04B | $1.85B | $21.76M | 323 |
| 2022 Q3 | $2.32B | $1.99B | $1.70B | $17.34M | 328 |
| 2022 Q2 | $2.25B | $1.95B | $1.61B | $10.87M | 328 |
| 2022 Q1 | $2.25B | $1.95B | $1.55B | $5.64M | 328 |
| 2021 Q4 | $2.28B | $1.96B | $1.57B | $24.81M | 327 |
| 2021 Q3 | $2.21B | $1.88B | $1.53B | $19.75M | 335 |
| 2021 Q2 | $2.13B | $1.81B | $1.56B | $13.46M | 335 |
| 2021 Q1 | $2.13B | $1.82B | $1.57B | $8.39M | 333 |
| 2020 Q4 | $2.01B | $1.68B | $1.60B | $23.57M | 337 |
| 2020 Q3 | $1.99B | $1.65B | $1.67B | $15.62M | 327 |
| 2020 Q2 | $1.97B | $1.64B | $1.69B | $8.11M | 320 |
| 2020 Q1 | $1.74B | $1.45B | $1.43B | $3.04M | 310 |