Glenwood State Bank
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Data as of · sourced from FFIEC call reports. How we update
Glenwood State Bank is an FDIC-insured commercial bank headquartered in Glenwood, IA, established in 1899 (FDIC certificate 956), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $352.9M, up 11.5% from Q2 2025, the 90th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.45% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 956
- Headquarters
- Glenwood, IA
- Established
- 1899
- Total assets, Q2 2026
- $352.9M
- Assets vs Q2 2025
- +11.5%
- Tier 1 leverage ratio, Q2 2026
- 12.45%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073902342
- Latest call report
- Q2 2026, FFIEC 051 · Glenwood State Bank call report
- Holding company
- GLENWOOD BANCORPORATION
- Asset rank in state
- 90th of 225 in Iowa
Glenwood State Bank is one of the more profitable banks of its size. Based in Glenwood, Iowa, it had $353 million in assets at June 30, 2026, up 11.5% from a year earlier. It earns about $2.31 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 37 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $2.0 million, 63% above the same quarter a year earlier. Its $18 million commercial and industrial book is improving, with 0.39% past due or on nonaccrual, down from 14.07% a year earlier.
As of June 30, 2026, Glenwood State Bank reported a return on assets of 2.31%, a nonperforming-loan ratio of 1.51% and a Texas ratio of 5.57%. The figures come from its call report filed with the FFIEC.
Glenwood State Bank ranks as the 90th largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.6% to $352.9M, loans rose 5.5% and deposits fell 3.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 42.4% of total loans, ahead of construction and land development loans at 15.7%. Its 4 offices in the FDIC Summary of Deposits are in Glenwood, IA, Council Bluffs, IA and Tabor, IA; its Glenwood 2 offices book 58% of its branch deposits. By the capital ratios in its Q2 2026 call report, Glenwood State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 32 N Walnut St, Glenwood, IA 51534
- County
- Mills
- Metro Area
- Omaha, NE-IA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1899
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 38
- Domestic deposits
- $307.7M
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- $178K
- Average total assets
- $352.5M
- Average total loans
- $161.7M
- Average interest-bearing deposits
- $242.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 956
- Fed RSSD
- 566243
- Parent Holding Company
- GLENWOOD BANCORPORATION (RSSD 1204421)
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, Glenwood State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Glenwood State Bank's total assets ranged from $301.4M (Q4 2023) to $362.1M (Q1 2026), 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
$352.9M total assets against $316.5M; $309.6M total liabilities against $278.9M.
$164.3M net loans and leases against $145.1M; $307.7M total deposits against $277.4M.
$145.6M securities against $122.2M; $38.7M cash and balances due against $45.7M.
$4.7M total interest income against $4.1M; $1.1M total interest expense against $1.1M.
$3.5M net interest income against $2.9M.
$417K total noninterest income against $133K; $1.5M total noninterest expense against $1.4M.
$120K provision for credit losses against $60K.
$2.0M net income against $1.3M.
2.31% return on assets against 1.54%; 4.15% net interest margin against 3.79%.
12.45% tier 1 leverage ratio against 11.60%.
Inside the full Glenwood State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeGlenwood State Bank rankings
Its closest position to the top of a national ranking is 126 of 3,606, for efficiency ratio; its furthest is 2,234 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.44% (Q3 2025) to 3.10% (Q1 2026) and its net interest margin ran from 3.25% (Q3 2024) to 4.15% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.45% | 2.31% | 1.51% | 5.57% | 4.15% |
| Q1 2026 | 12.21% | 3.10% | 0.63% | 2.32% | 3.96% |
| Q4 2025 | 11.71% | 1.50% | 0.90% | 3.37% | 4.09% |
| Q3 2025 | 11.85% | 0.44% | 0.70% | 2.73% | 4.03% |
| Q2 2025 | 11.60% | 1.54% | 1.78% | 6.60% | 3.79% |
| Q1 2025 | 11.40% | 1.38% | 2.10% | 8.31% | 3.48% |
| Q4 2024 | 11.04% | 0.52% | 2.07% | 8.95% | 3.66% |
| Q3 2024 | 11.16% | 1.10% | 1.98% | 8.26% | 3.25% |
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 |
|---|---|---|---|
| Glenwood State Bank (main office) | Glenwood , IA | 51534 | $178.4M |
| Frontier Office | Council Bluffs , IA | 51503 | $86.8M |
| First State Bank Branch | Tabor , IA | 51653 | $42.5M |
| Glenwood State Plaza Branch | Glenwood , IA | 51534 | $0 |
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 |
|---|---|---|---|
| January 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2019 | Structure Change | Acquired Frontier Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2009 | Structure Change | Acquired First State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 7, 1985 | Structure Change | Acquired Mineola State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| August 6, 1985 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (Federal Reserve); 1 against individuals associated with it
- September 23, 1991, Federal Reserve: Civil Money Penalty $25,000: Glenwood State Bank, Glenwood, IA
- September 10, 1991, Federal Reserve: Written Agreement: Glenwood State Bank, Glenwood, IA
- Period: Most recent institution action September 23, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in IA, rank 93 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 167 applications, 160 loans originated, $24.6M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.9M approved, $1.9M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Glenwood State Bank
What are Glenwood State Bank's total assets?
As of the Q2 2026 filing, Glenwood State Bank reported total assets of $352.9 million in its FFIEC call report.
Where is Glenwood State Bank headquartered?
It is headquartered in Glenwood, IA, United States.
When was Glenwood State Bank founded?
It was established in 1899, per the FDIC institution directory.
Is Glenwood State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #956). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Glenwood State Bank?
Glenwood State Bank's primary federal regulator is the Federal Reserve.
How many branches does Glenwood State Bank 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 Glenwood State Bank's Texas Ratio?
Its Texas Ratio is 5.57% 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.
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