Peoples Bank (Rock Valley, IA)
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Data as of · sourced from FFIEC call reports. How we update
Peoples Bank is an FDIC-insured commercial bank headquartered in Rock Valley, IA, established in 1945 (FDIC certificate 16265), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.25B, up 12.7% from Q2 2025, the 24th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.73% 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
- 16265
- Headquarters
- Rock Valley, IA
- Established
- 1945
- Total assets, Q2 2026
- $1.25B
- Assets vs Q2 2025
- +12.7%
- Tier 1 leverage ratio, Q2 2026
- 10.73%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 073922005
- Latest call report
- Q2 2026, FFIEC 051 · Peoples Bank call report
- Holding company
- PEOPLES BANCORP
- Asset rank in state
- 24th of 225 in Iowa
Peoples Bank is one of the more profitable banks of its size. The Rock Valley, Iowa bank had $1.3 billion in assets at June 30, 2026, up 12.7% from a year earlier. It earns about $2.17 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 holds commercial real estate loans worth 0.9 times its capital, about a third the median of 2.2 times for banks its size. Much of that comes from cost control: it spends about 46 cents to bring in each dollar of revenue.
Net income for the quarter rose 24% from a year earlier, to $6.7 million. Over the same year, loans grew 14.8% and deposits grew 11.2%. Funding is the softer spot: it pays an average of 2.44% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
As of June 30, 2026, Peoples Bank reported a return on assets of 2.17%, a nonperforming-loan ratio of 0.85% and a Texas ratio of 6.55%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Peoples Bank is the 24th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.6% to $1.25B, loans rose 3.1% and deposits rose 1.4%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 40.0% of total loans, ahead of commercial and industrial loans at 15.2%. Its 10 offices in the FDIC Summary of Deposits are in 10 cities across 3 states; its Rock Valley office books 29% of its branch deposits. Judged on its Q2 2026 call report, Peoples Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1230 Valley Dr, Rock Valley, IA 51247
- County
- Sioux
- 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
- June 1, 1945
- Former names
- Peoples Bank and Trust (1977); Lester State Bank (1977)
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 148
- Domestic deposits
- $1.05B
- Allowance for credit losses
- $14.2M
- Net charge-offs (YTD)
- $71K
- Average total assets
- $1.24B
- Average total loans
- $1.07B
- Average interest-bearing deposits
- $899.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 1, 1945
- FDIC Cert
- 16265
- Fed RSSD
- 998844
- SEC CIK
- 1947931 → filed by PEOPLES BANCORP
- Website
- www.peoples-ebank.com →
- Parent Holding Company
- PEOPLES BANCORP (RSSD 1249646)
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, Peoples 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, Peoples Bank's total assets ranged from $897.8M (Q3 2023) to $1.25B (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
$1.25B total assets against $1.11B; $1.11B total liabilities against $994.1M.
$1.07B net loans and leases against $931.0M; $1.05B total deposits against $942.5M.
$117.1M securities against $113.2M; $12.9M cash and balances due against $18.3M.
$18.8M total interest income against $16.7M; $6.7M total interest expense against $6.4M.
$12.1M net interest income against $10.4M.
$1.8M total noninterest income against $1.6M; $6.5M total noninterest expense against $5.8M.
$450K provision for credit losses against $600K.
$6.7M net income against $5.4M.
2.17% return on assets against 1.99%; 4.15% net interest margin against 4.04%.
10.73% tier 1 leverage ratio against 10.57%.
Inside the full Peoples 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.
Peoples Bank rankings
Its closest position to the top of a national ranking is 332 of 3,611, for ROA; its furthest is 365 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.13% (Q4 2024) to 2.17% (Q2 2026) and its net interest margin ran from 3.71% (Q3 2024) to 4.15% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.73% | 2.17% | 0.85% | 6.55% | 4.15% |
| Q1 2026 | 10.70% | 2.03% | 0.93% | 7.23% | 4.08% |
| Q4 2025 | 10.69% | 1.84% | 1.11% | 8.26% | 4.08% |
| Q3 2025 | 10.64% | 2.03% | 0.98% | 7.43% | 4.12% |
| Q2 2025 | 10.57% | 1.99% | 0.91% | 7.07% | 4.04% |
| Q1 2025 | 10.46% | 1.78% | 1.04% | 8.06% | 3.84% |
| Q4 2024 | 10.64% | 1.13% | 0.75% | 5.62% | 3.72% |
| Q3 2024 | 11.00% | 1.63% | 0.89% | 6.35% | 3.71% |
Swipe the table sideways to see every column.
Branch Network
View all 10 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 |
|---|---|---|---|
| Peoples Bank (main office) | Rock Valley , IA | 51247 | $306.5M |
| Sioux Center Location | Sioux Center , IA | 51250 | $257.0M |
| Sheldon Location | Sheldon , IA | 51201 | $124.8M |
| Sioux City Morningside Branch | Sioux City , IA | 51106 | $81.2M |
| Hawarden Branch | Hawarden , IA | 51023 | $68.7M |
| Lester Branch | Lester , IA | 51242 | $66.6M |
| Akron Location | Akron , IA | 51001 | $54.1M |
| Jasper Branch | Jasper , MN | 56144 | $44.7M |
| Hinton Location | Hinton , IA | 51024 | $25.7M |
| North Sioux City Branch | North Sioux City , SD | 57049 | $18.9M |
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 |
|---|---|---|---|
| August 1, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 1, 2018 | Structure Change | Acquired Pinnacle Bank Sioux City Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 11, 2008 | Structure Change | Acquired Farmers State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 10, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 11, 2006 | Structure Change | Acquired Jasper State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 10, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 25, 1994 | Structure Change | Acquired United Federal Savings Association of Iowa Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
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
- 0.7% of deposits in IA, rank 27 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 226 applications, 167 loans originated, $45.9M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $133K approved, $133K 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
- 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 Peoples Bank
What are Peoples Bank's total assets?
As of the Q2 2026 filing, Peoples Bank reported total assets of $1.25 billion in its FFIEC call report.
Where is Peoples Bank headquartered?
It is headquartered in Rock Valley, IA, United States.
When was Peoples Bank founded?
It was established in 1945, per the FDIC institution directory.
Is Peoples Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16265). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Peoples Bank?
Peoples Bank's primary federal regulator is the FDIC.
How many branches does Peoples Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Peoples Bank's Texas Ratio?
Its Texas Ratio is 6.55% 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 Peoples Bank previously called?
The charter now named Peoples Bank has also operated as Peoples Bank and Trust (1977), Lester State Bank (1977), per FDIC structure-change records.
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