Bank Plus
BankRegReports is independent of Bank Plus and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Bank Plus is an FDIC-insured commercial bank headquartered in Estherville, IA, established in 1947 (FDIC certificate 16547), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $144.6M, down 2.4% from Q2 2025, the 168th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.67% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16547
- Headquarters
- Estherville, IA
- Established
- 1947
- Total assets, Q2 2026
- $144.6M
- Assets vs Q2 2025
- -2.4%
- Tier 1 leverage ratio, Q2 2026
- 10.67%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073922115
- Holding company
- SWEA CITY BANCORPORATION, INC.
- Asset rank in state
- 168th of 225 in Iowa
Bank Plus, based in Estherville, Iowa, reported $145 million in assets at June 30, 2026, down 2.4% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also lost 6.5% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.00% of loans from 0.86%. Earnings jumped: net income for the quarter was $494,000, 51% above the same quarter a year earlier. One more trend to watch: loans and deposits moved in opposite directions: over the year loans rose 2.4% and deposits fell 6.5%.
As of June 30, 2026, Bank Plus reported a return on assets of 1.36%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Bank Plus ranks as the 168th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 4.6% to $144.6M, loans fell 1.9% and deposits fell 7.2%. Farmland and other real estate loans made up 40.9% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 30.6%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Estherville office books 39% of its branch deposits. Judged on its Q2 2026 call report, Bank Plus meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1202 Central Ave, Estherville, IA 51334
- County
- Emmet
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- March 1, 1947
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 25
- Domestic deposits
- $103.4M
- Allowance for credit losses
- $851K
- Net charge-offs (YTD)
- $354K
- Average total assets
- $145.8M
- Average total loans
- $121.7M
- Average interest-bearing deposits
- $79.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 1, 1947
- FDIC Cert
- 16547
- Fed RSSD
- 329149
- Website
- www.bankplusiowa.com →
- Parent Holding Company
- SWEA CITY BANCORPORATION, INC. (RSSD 1210084)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Bank Plus reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bank Plus's total assets ran between $144.6M (Q2 2026) and $165.4M (Q4 2023), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$144.6M total assets against $148.1M; $127.1M total liabilities against $131.3M.
$120.2M net loans and leases against $117.1M; $103.4M total deposits against $110.6M.
$12.6M securities against $18.4M; $2.4M cash and balances due against $3.1M.
$2.1M total interest income against $2.0M; $494K total interest expense against $566K.
$1.6M net interest income against $1.5M.
$133K total noninterest income against $46K; $1.1M total noninterest expense against $1.2M.
$15K provision for credit losses against $40K.
$494K net income against $327K.
1.36% return on assets against 0.88%; 4.58% net interest margin against 4.25%.
10.67% tier 1 leverage ratio against 10.10%.
Inside the full Bank Plus terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Bank Plus rankings
Its closest position to the top of a national ranking is 1,620 of 3,611, for ROA; its furthest is 3,582 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.66% (Q1 2025) to 1.36% (Q2 2026) and its net interest margin ran from 3.74% (Q3 2024) to 4.58% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.67% | 1.36% | 0.00% | 0.00% | 4.58% |
| Q1 2026 | 9.81% | 1.06% | 0.02% | 0.15% | 4.30% |
| Q4 2025 | 10.11% | 1.16% | 0.70% | 5.73% | 4.18% |
| Q3 2025 | 10.00% | 0.76% | 0.67% | 5.29% | 4.29% |
| Q2 2025 | 10.10% | 0.88% | 0.86% | 6.69% | 4.25% |
| Q1 2025 | 9.53% | 0.66% | 0.81% | 6.77% | 4.08% |
| Q4 2024 | 9.17% | 0.72% | 0.74% | 6.68% | 3.90% |
| Q3 2024 | 9.12% | 0.89% | 1.03% | 9.15% | 3.74% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank Plus (main office) | Estherville , IA | 51334 | $40.8M |
| Swea City Branch | Swea City , IA | 50590 | $22.6M |
| Robins Avenue Branch | Graettinger , IA | 51342 | $20.5M |
| Ledyard Branch | Ledyard , IA | 50556 | $19.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 1, 2012 | Structure Change | Acquired State Bank of Ledyard Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 16, 1990 | Structure Change | Acquired First Federal Savings and Loan Association of Estherville Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 8, 1986 | Structure Change | Acquired Graettinger State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 7, 1986 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 30, 1986 | Structure Change | Acquired The Lone Rock Bank, N.A. Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| May 29, 1986 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 7 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 204 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $328K approved, $164K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Bank Plus’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Bank Plus
What are Bank Plus's total assets?
As of the Q2 2026 filing, Bank Plus reported total assets of $144.6 million in its FFIEC call report.
Where is Bank Plus headquartered?
It is headquartered in Estherville, IA, United States.
When was Bank Plus founded?
It was established in 1947, per the FDIC institution directory.
Is Bank Plus FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16547). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank Plus?
Bank Plus's primary federal regulator is the FDIC.
How many branches does Bank Plus operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank Plus's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on Bank Plus.
Get an email when Bank Plus files its next call report, and benchmark it against any peer you choose.
Unlock Bank Plus, freeFree account