Houghton State Bank
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Data as of · sourced from FFIEC call reports. How we update
Houghton State Bank is an FDIC-insured commercial bank headquartered in Red Oak, IA, established in 1879 (FDIC certificate 15405), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $204.9M, down 0.6% from Q2 2025, the 140th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 19.94% 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
- 15405
- Headquarters
- Red Oak, IA
- Established
- 1879
- Total assets, Q2 2026
- $204.9M
- Assets vs Q2 2025
- -0.6%
- CET1 ratio, Q2 2026
- 19.94%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073901990
- Latest call report
- Q2 2026, FFIEC 051 · Houghton State Bank call report
- Holding company
- RED OAK FINANCIAL CORPORATION
- Asset rank in state
- 140th of 225 in Iowa
Problem loans are rising at Houghton State Bank. The Red Oak, Iowa bank had $205 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.14% of loans from 1.69% a year earlier. It holds commercial real estate loans equal to only 18% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also shrank its loan book 5.3% over the year, lower than about 9 in 10 banks its size (median 5.5%).
The commercial and industrial book ($16 million) is worsening: 13.92% of it is past due or on nonaccrual, up from 10.05% a year earlier. The balance sheet shrank over the year: over the year loans fell 5.3% and deposits fell 1.8%. Credit is the area to watch: it carries problem assets equal to 9.8% of the capital and reserves that would absorb them, 3.7 times the median of 2.6% for banks its size.
As of June 30, 2026, Houghton State Bank reported a CET1 capital ratio of 19.94%, a return on assets of 1.73%, a nonperforming-loan ratio of 2.58% and a Texas ratio of 9.77%. The figures come from its call report filed with the FFIEC.
Houghton State Bank ranks as the 140th 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 6.3% to $204.9M, loans fell 1.6% and deposits fell 7.7%. Its loan book on June 30, 2026 was led by agricultural production loans, at 43.2% of total loans, followed by farmland and other real estate loans at 26.6%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Red Oak 2 offices book 76% of its branch deposits. By the capital ratios in its Q2 2026 call report, Houghton State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 116 E Coolbaugh St, Red Oak, IA 51566
- County
- Montgomery
- 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, 1879
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 30
- Domestic deposits
- $169.2M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $23K
- Average total assets
- $208.7M
- Average total loans
- $148.8M
- Average interest-bearing deposits
- $127.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 28, 1936
- FDIC Cert
- 15405
- Fed RSSD
- 528241
- Website
- www.houghtonstatebank.com →
- Parent Holding Company
- RED OAK FINANCIAL CORPORATION (RSSD 4771988)
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
Houghton State Bank's total assets moved between a low of $204.7M (Q3 2025) and a high of $232.0M (Q4 2023) from Q3 2023 to 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
$204.9M total assets against $206.1M; $169.7M total liabilities against $172.8M.
$145.0M net loans and leases against $153.4M; $169.2M total deposits against $172.4M.
$31.8M securities against $31.1M; $11.4M cash and balances due against $4.7M.
$2.7M total interest income against $2.6M; $587K total interest expense against $653K.
$2.1M net interest income against $1.9M.
$195K total noninterest income against $191K; $1.2M total noninterest expense against $1.0M.
$0 provision for credit losses against $0.
$900K net income against $856K.
1.73% return on assets against 1.62%; 4.41% net interest margin against 3.98%.
19.94% CET1 capital ratio against 17.50%; 15.41% tier 1 leverage ratio against 14.38%.
Inside the full Houghton State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHoughton State Bank rankings
Its closest position to the top of a national ranking is 344 of 2,134, for CET1 ratio; its furthest is 2,933 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.24% (Q3 2024) to 1.73% (Q2 2026) and its net interest margin ran from 3.39% (Q3 2024) to 4.41% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.94% | 1.73% | 2.58% | 9.77% | 4.41% |
| Q1 2026 | 19.22% | 1.48% | 3.29% | 12.20% | 3.99% |
| Q4 2025 | 17.97% | 1.42% | 0.71% | 2.68% | 4.07% |
| Q3 2025 | 18.06% | 1.54% | 0.47% | 2.34% | 4.10% |
| Q2 2025 | 17.50% | 1.62% | 2.06% | 8.70% | 3.98% |
| Q1 2025 | 17.26% | 1.46% | 0.55% | 2.92% | 3.72% |
| Q4 2024 | 16.62% | 1.50% | 0.30% | 1.70% | 3.59% |
| Q3 2024 | 15.47% | 1.24% | 0.15% | 0.88% | 3.39% |
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 |
|---|---|---|---|
| Houghton State Bank (main office) | Red Oak , IA | 51566 | $121.7M |
| Griswold Branch | Griswold , IA | 51535 | $16.4M |
| Cumberland Branch | Cumberland , IA | 50843 | $11.9M |
| 407 Howland Avenue Branch | Emerson , IA | 51533 | $11.4M |
| Plaza Branch | Red Oak , IA | 51566 | $7.7M |
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 1, 1997 | Structure Change | Acquired Emerson State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 30, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1975 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 1975 | Structure Change | Acquired The Cumberland Savings Bank 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 157 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 46 applications, 45 loans originated, $2.6M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $68K approved, $68K 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 Houghton State Bank
What are Houghton State Bank's total assets?
As of the Q2 2026 filing, Houghton State Bank reported total assets of $204.9 million in its FFIEC call report.
Where is Houghton State Bank headquartered?
It is headquartered in Red Oak, IA, United States.
When was Houghton State Bank founded?
It was established in 1879, per the FDIC institution directory.
Is Houghton State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15405). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Houghton State Bank?
Houghton State Bank's primary federal regulator is the FDIC.
What is Houghton State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 19.94% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Houghton State 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 Houghton State Bank's Texas Ratio?
Its Texas Ratio is 9.77% 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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