Heartland Bank (Somers, IA)
BankRegReports is independent of Heartland Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Heartland Bank is an FDIC-insured commercial bank headquartered in Somers, IA, established in 1901 (FDIC certificate 14809), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $256.1M, up 2.8% from Q2 2025, the 123rd largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 15.00% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 14809
- Headquarters
- Somers, IA
- Established
- 1901
- Total assets, Q2 2026
- $256.1M
- Assets vs Q2 2025
- +2.8%
- CET1 ratio, Q2 2026
- 15.00%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073915889
- Latest call report
- Q2 2026, FFIEC 051 · Heartland Bank call report
- Holding company
- SOMERS BANCORPORATION
- Asset rank in state
- 123rd of 225 in Iowa
Heartland Bank earns an unusually wide margin on its lending. Based in Somers, Iowa, it had $256 million in assets at June 30, 2026, up 2.8% from a year earlier. It keeps 4.90 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also earns about $1.93 a year on every $100 of assets, higher than about three-quarters of banks its size (median $1.28).
Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.81% of loans from 0.52% a year earlier. Net income for the quarter slipped 16% from a year earlier, to $1.2 million.
As of June 30, 2026, Heartland Bank reported a CET1 capital ratio of 15.00%, a return on assets of 1.93%, a nonperforming-loan ratio of 0.81% and a Texas ratio of 4.69%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Heartland Bank is the 123rd largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 3.3% to $256.1M, loans fell 1.6% and deposits fell 2.5%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 27.9% of total loans, ahead of 1-4 family residential loans at 16.4%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in IA; its Somers office books 31% of its branch deposits. By the capital ratios in its Q2 2026 call report, Heartland Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 615 6th Ave, Somers, IA 50586
- County
- Calhoun
- 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
- January 1, 1901
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $203.7M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- $48K
- Average total assets
- $257.7M
- Average total loans
- $217.9M
- Average interest-bearing deposits
- $157.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 16, 1934
- FDIC Cert
- 14809
- Fed RSSD
- 604547
- Website
- www.heartlandbanks.bank →
- Parent Holding Company
- SOMERS BANCORPORATION (RSSD 1249105)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Heartland Bank's total assets ranged from $241.6M (Q4 2023) to $267.5M (Q4 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$256.1M total assets against $249.0M; $221.9M total liabilities against $218.6M.
$212.3M net loans and leases against $203.7M; $203.7M total deposits against $198.8M.
$29.7M securities against $30.6M; $4.1M cash and balances due against $4.4M.
$4.2M total interest income against $4.2M; $1.1M total interest expense against $1.2M.
$3.1M net interest income against $2.9M.
$249K total noninterest income against $255K; $1.8M total noninterest expense against $1.6M.
$265K provision for credit losses against $68K.
$1.2M net income against $1.5M.
1.93% return on assets against 2.40%; 4.90% net interest margin against 4.82%.
15.00% CET1 capital ratio against 14.22%; 13.23% tier 1 leverage ratio against 12.55%.
Inside the full Heartland Bank 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.
Heartland Bank rankings
Its closest position to the top of a national ranking is 559 of 3,611, for ROA; its furthest is 2,668 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.84% (Q3 2024) to 2.47% (Q1 2026) and its net interest margin ran from 4.45% (Q3 2024) to 4.97% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.00% | 1.93% | 0.81% | 4.69% | 4.90% |
| Q1 2026 | 13.98% | 2.47% | 0.91% | 5.42% | 4.97% |
| Q4 2025 | 13.85% | 2.20% | 1.88% | 11.53% | 4.78% |
| Q3 2025 | 13.74% | 2.07% | 0.91% | 5.87% | 4.96% |
| Q2 2025 | 14.22% | 2.40% | 0.52% | 3.29% | 4.82% |
| Q1 2025 | 13.35% | 2.21% | 0.50% | 3.23% | 4.65% |
| Q4 2024 | 13.48% | 2.13% | 0.33% | 2.22% | 4.63% |
| Q3 2024 | 13.63% | 1.84% | 1.08% | 7.07% | 4.45% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| Heartland Bank (main office) | Somers , IA | 50586 | $62.5M |
| Manson Branch | Manson , IA | 50563 | $55.7M |
| Gowrie Branch | Gowrie , IA | 50543 | $45.5M |
| Jefferson Branch | Jefferson , IA | 50129 | $23.7M |
| Callender Branch | Callender , IA | 50523 | $16.2M |
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 |
|---|---|---|---|
| March 25, 1999 | Structure Change | Acquired Libanco, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1997 | Structure Change | Acquired The First State Bank of Gowrie Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 134 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $245K approved, $245K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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 Heartland Bank’s latest filed figures and updates each quarter.
Similar banks
Compare Heartland Bank with peers
Frequently asked about Heartland Bank
What are Heartland Bank's total assets?
As of the Q2 2026 filing, Heartland Bank reported total assets of $256.1 million in its FFIEC call report.
Where is Heartland Bank headquartered?
It is headquartered in Somers, IA, United States.
When was Heartland Bank founded?
It was established in 1901, per the FDIC institution directory.
Is Heartland Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14809). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Heartland Bank?
Heartland Bank's primary federal regulator is the FDIC.
What is Heartland Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.00% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Heartland Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Heartland Bank's Texas Ratio?
Its Texas Ratio is 4.69% 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 Heartland Bank.
Get an email when Heartland Bank files its next call report, and benchmark it against any peer you choose.
Unlock Heartland Bank, freeFree account