Union State Bank (Greenfield, IA)
BankRegReports is independent of Union State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Union State Bank is an FDIC-insured commercial bank headquartered in Greenfield, IA, established in 1890 (FDIC certificate 8499), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $168.7M, up 4.5% from Q2 2025, the 156th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.28% 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
- 8499
- Headquarters
- Greenfield, IA
- Established
- 1890
- Total assets, Q2 2026
- $168.7M
- Assets vs Q2 2025
- +4.5%
- Tier 1 leverage ratio, Q2 2026
- 9.28%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073910745
- Holding company
- GREENFIELD BANCORPORATION, LTD.
- Asset rank in state
- 156th of 225 in Iowa
Problem loans are rising at Union State Bank. The Greenfield, Iowa bank had $169 million in assets at June 30, 2026, up 4.5% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.51% of loans from 0.21% a year earlier. It spends about 46 cents to bring in each dollar of revenue, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it funds 9.28% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
Earnings jumped: net income for the quarter was $711,000, 81% above the same quarter a year earlier. Over the same year, loans grew 11.2% and deposits grew 4.0%.
As of June 30, 2026, Union State Bank reported a return on assets of 1.68%, a nonperforming-loan ratio of 0.51% and a Texas ratio of 3.73%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Union State Bank is the 156th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets fell 0.1% to $168.7M, loans rose 3.9% and deposits fell 0.2%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 33.9% of total loans, ahead of 1-4 family residential loans at 29.3%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Greenfield office books 63% of its branch deposits. By the capital ratios in its Q2 2026 call report, Union State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 214 S 1st St, Greenfield, IA 50849
- County
- Adair
- 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 6, 1890
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 24
- Domestic deposits
- $142.5M
- Allowance for credit losses
- $809K
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $169.5M
- Average total loans
- $103.5M
- Average interest-bearing deposits
- $132.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8499
- Fed RSSD
- 746942
- SEC CIK
- 2005457 → filed by GREENFIELD BANCORPORATION, LTD.
- Website
- http://www.usbgfd.com →
- Parent Holding Company
- GREENFIELD BANCORPORATION, LTD. (RSSD 3640407)
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, Union State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Union State Bank's total assets ran between $93.9M (Q3 2023) and $168.8M (Q1 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
$168.7M total assets against $161.4M; $145.4M total liabilities against $139.9M.
$104.8M net loans and leases against $94.2M; $142.5M total deposits against $137.0M.
$41.2M securities against $42.7M; $8.7M cash and balances due against $10.5M.
$2.1M total interest income against $2.1M; $674K total interest expense against $697K.
$1.5M net interest income against $1.4M.
$231K total noninterest income against $90K; $911K total noninterest expense against $1.0M.
$35K provision for credit losses against $49K.
$711K net income against $392K.
1.68% return on assets against 0.97%; 4.13% net interest margin against 4.15%.
9.28% tier 1 leverage ratio against 8.77%.
Inside the full Union State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeUnion State Bank rankings
Its closest position to the top of a national ranking is 442 of 3,606, for efficiency ratio; its furthest is 3,165 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.95% (Q3 2024) to 1.68% (Q2 2026) and its net interest margin ran from 3.83% (Q3 2024) to 4.68% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.28% | 1.68% | 0.51% | 3.73% | 4.13% |
| Q1 2026 | 9.10% | 1.12% | 0.17% | 1.16% | 4.04% |
| Q4 2025 | 9.00% | 1.40% | 0.49% | 3.42% | 4.25% |
| Q3 2025 | 9.03% | 1.17% | 0.15% | 1.06% | 3.96% |
| Q2 2025 | 8.77% | 0.97% | 0.21% | 1.55% | 4.15% |
| Q1 2025 | 8.60% | 1.02% | 0.26% | 1.85% | 4.09% |
| Q4 2024 | 8.40% | 1.53% | 0.15% | 1.06% | 4.68% |
| Q3 2024 | 8.33% | 0.95% | 0.33% | 2.37% | 3.83% |
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 |
|---|---|---|---|
| Union State Bank (main office) | Greenfield , IA | 50849 | $89.4M |
| State Bank of Brooks Branch | Corning , IA | 50841 | $26.7M |
| Exchange State Bank Branch | Adair , IA | 50002 | $23.7M |
| Bridgewater Branch | Bridgewater , IA | 50837 | $2.6M |
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 23, 2024 | Structure Change | Acquired Exchange State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 22, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 27, 2024 | Structure Change | Acquired State Bank of Brooks Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 26, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
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 170 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $270K approved, $270K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (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 Union State Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Union State Bank
What are Union State Bank's total assets?
As of the Q2 2026 filing, Union State Bank reported total assets of $168.7 million in its FFIEC call report.
Where is Union State Bank headquartered?
It is headquartered in Greenfield, IA, United States.
When was Union State Bank founded?
It was established in 1890, per the FDIC institution directory.
Is Union State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8499). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Union State Bank?
Union State Bank's primary federal regulator is the FDIC.
How many branches does Union 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 Union State Bank's Texas Ratio?
Its Texas Ratio is 3.73% 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 Union State Bank.
Get an email when Union State Bank files its next call report, and benchmark it against any peer you choose.
Unlock Union State Bank, freeFree account