Hills Bank and Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Hills Bank and Trust Company is an FDIC-insured commercial bank headquartered in Hills, IA, established in 1904 (FDIC certificate 14650), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $4.79B, up 4.2% from Q2 2025, the 3rd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.36% 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
- 14650
- Headquarters
- Hills, IA
- Established
- 1904
- Total assets, Q2 2026
- $4.79B
- Assets vs Q2 2025
- +4.2%
- Tier 1 leverage ratio, Q2 2026
- 13.36%
- Domestic offices
- 21 FDIC institution directory, current count
- Routing number
- 073913755
- Latest call report
- Q2 2026, FFIEC 041 · Hills Bank and Trust Company call report
- Holding company
- HILLS BANCORPORATION
- Asset rank in state
- 3rd of 225 in Iowa
Hills Bank and Trust Company is one of the more profitable banks of its size. It reported $4.8 billion in assets at June 30, 2026, up 4.2% from a year earlier. It earns about $2.26 a year on every $100 of assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also spends about 43 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 58 cents).
Earnings jumped: net income for the quarter was $27 million, 40% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.40% of loans, down from 0.63% a year earlier.
As of June 30, 2026, Hills Bank and Trust Company reported a return on assets of 2.26%, a nonperforming-loan ratio of 0.40% and a Texas ratio of 2.21%. The figures come from its call report filed with the FFIEC.
Hills Bank and Trust Company ranks as the 3rd 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 rose 2.6% to $4.79B, loans rose 2.1% and deposits fell 2.3%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 39.4% of total loans, ahead of multifamily loans at 14.7%. The FDIC Summary of Deposits lists 20 offices for it, in 12 cities in IA; its Iowa City 5 offices book 27% of its branch deposits. By the capital ratios in its Q2 2026 call report, Hills Bank and Trust Company meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 131 Main St, Hills, IA 52235
- County
- Johnson
- Metro Area
- Iowa City, IA
- 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
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1904
- Former names
- Hills Bank & Trust Company (1934-1952)
- Domestic offices
- 21 FDIC institution directory, current count
- Employees (FTE)
- 497
- Domestic deposits
- $3.53B
- Allowance for credit losses
- $54.9M
- Net charge-offs (YTD)
- $30K
- Average total assets
- $4.72B
- Average total loans
- $3.63B
- Average interest-bearing deposits
- $2.92B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 1, 1934
- FDIC Cert
- 14650
- Fed RSSD
- 731247
- SEC CIK
- 732417 → filed by HILLS BANCORPORATION
- Website
- www.hillsbank.com →
- Parent Holding Company
- HILLS BANCORPORATION (RSSD 1245291) · HBIA
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Lisa A Shileny | CEO | President and CEO |
| Anthony V Roetlin | CFO | SVP Chief Financial Officer |
| Nelson Kenza Bemis | GC | SVP, General Counsel |
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, Hills Bank and Trust Company 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, Hills Bank and Trust Company's total assets ranged from $4.24B (Q3 2023) to $4.79B (Q2 2026), 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
$4.79B total assets against $4.60B; $4.17B total liabilities against $4.04B.
$3.60B net loans and leases against $3.47B; $3.53B total deposits against $3.34B.
$1.01B securities against $941.6M; $42.1M cash and balances due against $52.5M.
$62.8M total interest income against $58.0M; $18.7M total interest expense against $20.9M.
$44.1M net interest income against $37.0M.
$9.4M total noninterest income against $8.3M; $23.1M total noninterest expense against $20.2M.
-$1.5M provision for credit losses against $1.1M.
$26.6M net income against $19.0M.
2.26% return on assets against 1.68%; 3.87% net interest margin against 3.38%.
13.36% tier 1 leverage ratio against 12.85%.
Inside the full Hills Bank and Trust Company 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.
Hills Bank and Trust Company rankings
Its closest position to the top of a national ranking is 287 of 4,196, for total assets; its furthest is 734 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.03% (Q4 2024) to 2.26% (Q2 2026) and its net interest margin ran from 2.78% (Q3 2024) to 3.87% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.36% | 2.26% | 0.40% | 2.21% | 3.87% |
| Q1 2026 | 13.02% | 1.92% | 0.53% | 2.99% | 3.74% |
| Q4 2025 | 12.94% | 1.28% | 0.56% | 3.13% | 3.61% |
| Q3 2025 | 12.82% | 1.14% | 0.52% | 2.91% | 3.46% |
| Q2 2025 | 12.85% | 1.68% | 0.63% | 3.75% | 3.38% |
| Q1 2025 | 12.60% | 1.29% | 0.80% | 4.85% | 3.13% |
| Q4 2024 | 12.71% | 1.03% | 0.72% | 4.38% | 2.85% |
| Q3 2024 | 12.76% | 1.12% | 0.83% | 4.85% | 2.78% |
Swipe the table sideways to see every column.
Branch Network
View all 20 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 |
|---|---|---|---|
| Gilbert Street Branch | Iowa City , IA | 52240 | $622.5M |
| Coralville Branch | Coralville , IA | 52241 | $605.3M |
| Hills Bank and Trust Company (main office) | Hills , IA | 52235 | $550.7M |
| Southwest Cr Branch | Cedar Rapids , IA | 52404 | $220.7M |
| Eastside Branch | Iowa City , IA | 52240 | $191.2M |
| Kalona Branch | Kalona , IA | 52247 | $184.0M |
| North Liberty Branch | North Liberty , IA | 52317 | $166.1M |
| Blairs Ferry Road Branch | Cedar Rapids , IA | 52402 | $145.2M |
| North Liberty Branch | North Liberty , IA | 52317 | $136.2M |
| Washington Branch | Washington , IA | 52353 | $122.0M |
| Mount Vernon Branch | Mount Vernon , IA | 52314 | $114.1M |
| Marion Eastside Office Branch | Marion , IA | 52302 | $92.8M |
| Old Capitol Mall | Iowa City , IA | 52240 | $89.8M |
| Marion Branch | Marion , IA | 52302 | $85.8M |
| Lisbon Branch | Lisbon , IA | 52253 | $47.6M |
| Downtown Branch Cr | Cedar Rapids , IA | 52401 | $43.3M |
| Wellman Branch | Wellman , IA | 52356 | $42.4M |
| University of Iowa Hospitals and Clinics (Uihc) Branch | Iowa City , IA | 52242 | $38.6M |
| Williamsburg Branch | Williamsburg , IA | 52361 | $27.0M |
| Oaknoll East Branch | Iowa City , IA | 52245 | $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 |
|---|---|---|---|
| October 27, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 27, 2001 | Structure Change | Acquired Hills Bank Kalona Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 20, 2000 | Structure Change | Acquired Hills Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 17, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 1984 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 1984 | Structure Change | Acquired uniBank & Trust 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 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.7% of deposits in IA, rank 5 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 3,440 applications, 2,876 loans originated, $633.8M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $1.3M approved, $162K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Hills Bank and Trust Company
What are Hills Bank and Trust Company's total assets?
As of the Q2 2026 filing, Hills Bank and Trust Company reported total assets of $4.79 billion in its FFIEC call report.
Where is Hills Bank and Trust Company headquartered?
It is headquartered in Hills, IA, United States.
When was Hills Bank and Trust Company founded?
It was established in 1904, per the FDIC institution directory.
Is Hills Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14650). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Hills Bank and Trust Company?
Hills Bank and Trust Company's primary federal regulator is the FDIC.
How many branches does Hills Bank and Trust Company operate?
It operates 21 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Hills Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 2.21% 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.
What was Hills Bank and Trust Company previously called?
The charter now named Hills Bank and Trust Company has also operated as Hills Bank & Trust Company (1934-1952), per FDIC structure-change records.
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