United Community Bank (Milford, IA)
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Data as of · sourced from FFIEC call reports. How we update
United Community Bank is an FDIC-insured commercial bank headquartered in Milford, IA, established in 1931 (FDIC certificate 13656), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $290.0M, up 1.1% from Q2 2025, the 105th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 11.41% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13656
- Headquarters
- Milford, IA
- Established
- 1931
- Total assets, Q2 2026
- $290.0M
- Assets vs Q2 2025
- +1.1%
- CET1 ratio, Q2 2026
- 11.41%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073921323
- Latest call report
- Q2 2026, FFIEC 051 · United Community Bank call report
- Holding company
- MILFORD BANCORPORATION
- Asset rank in state
- 105th of 225 in Iowa
United Community Bank operates with a thinner capital cushion than most banks of its size. It reported $290 million in assets at June 30, 2026, up 1.1% from a year earlier. It funds 8.45% of its assets with Tier 1 capital, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also carries problem assets equal to 12.0% of the capital and reserves that would absorb them, 4.5 times the median of 2.6% for banks its size.
Earnings jumped: net income for the quarter was $879,000, 75% above the same quarter a year earlier. Over the same year, loans shrank 0.6% and deposits grew 7.7%. Its margin is thin by comparison: it keeps 3.26 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, United Community Bank reported a CET1 capital ratio of 11.41%, a return on assets of 1.22%, a nonperforming-loan ratio of 1.51% and a Texas ratio of 11.97%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, United Community Bank is the 105th largest of the 225 banks headquartered in Iowa. From Q1 2026 to Q2 2026, its total assets rose 1.9% to $290.0M, loans rose 5.5% and deposits fell 2.5%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 25.2% of total loans, followed by agricultural production loans at 22.3%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in IA; its Milford office books 55% of its branch deposits. On its Q2 2026 call report, United Community Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1000 Okoboji Ave, Milford, IA 51351
- County
- Dickinson
- Metro Area
- Spirit Lake, 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- June 10, 1931
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $232.7M
- Allowance for credit losses
- $3.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $288.4M
- Average total loans
- $208.1M
- Average interest-bearing deposits
- $202.2M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 1, 1934
- FDIC Cert
- 13656
- Fed RSSD
- 884648
- Website
- www.unitedcommunitybank.com →
- Parent Holding Company
- MILFORD BANCORPORATION (RSSD 1201952)
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, United Community Bank's total assets ranged from $268.8M (Q4 2023) to $290.0M (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
$290.0M total assets against $287.0M; $263.5M total liabilities against $262.6M.
$208.5M net loans and leases against $210.2M; $232.7M total deposits against $216.1M.
$47.4M securities against $48.9M; $16.4M cash and balances due against $9.8M.
$3.5M total interest income against $3.3M; $1.3M total interest expense against $1.5M.
$2.2M net interest income against $1.8M.
$219K total noninterest income against $232K; $1.5M total noninterest expense against $1.4M.
$75K provision for credit losses against $105K.
$879K net income against $501K.
1.22% return on assets against 0.71%; 3.26% net interest margin against 2.70%.
11.41% CET1 capital ratio against 10.51%; 8.45% tier 1 leverage ratio against 8.01%.
Inside the full United Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeUnited Community Bank rankings
Its closest position to the top of a national ranking is 478 of 3,640, for Texas Ratio; its furthest is 1,865 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.39% (Q3 2024) to 1.22% (Q2 2026) and its net interest margin ran from 2.29% (Q3 2024) to 3.26% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.41% | 1.22% | 1.51% | 11.97% | 3.26% |
| Q1 2026 | 11.74% | 1.02% | 1.48% | 11.45% | 3.06% |
| Q4 2025 | 11.72% | 0.79% | 1.53% | 11.78% | 2.87% |
| Q3 2025 | 10.74% | 0.98% | 1.90% | 16.21% | 2.86% |
| Q2 2025 | 10.51% | 0.71% | 1.45% | 12.87% | 2.70% |
| Q1 2025 | 10.85% | 0.68% | 1.54% | 13.65% | 2.69% |
| Q4 2024 | 10.96% | 0.63% | 1.59% | 14.24% | 2.46% |
| Q3 2024 | 10.75% | 0.39% | 1.59% | 14.42% | 2.29% |
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 |
|---|---|---|---|
| United Community Bank (main office) | Milford , IA | 51351 | $127.4M |
| Hartley Branch | Hartley , IA | 51346 | $32.0M |
| Lake Park Branch | Lake Park , IA | 51347 | $29.0M |
| Ocheyedan Branch | Ocheyedan , IA | 51354 | $22.7M |
| Okoboji Branch | Okoboji , IA | 51355 | $21.6M |
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 |
|---|---|---|---|
| June 1, 2002 | Structure Change | Acquired Security State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 31, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1998 | Structure Change | Acquired United Community 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
- 0.2% of deposits in IA, rank 122 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $358K approved, $179K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (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
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Frequently asked about United Community Bank
What are United Community Bank's total assets?
As of the Q2 2026 filing, United Community Bank reported total assets of $290.0 million in its FFIEC call report.
Where is United Community Bank headquartered?
It is headquartered in Milford, IA, United States.
When was United Community Bank founded?
It was established in 1931, per the FDIC institution directory.
Is United Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13656). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates United Community Bank?
United Community Bank's primary federal regulator is the FDIC.
What is United Community Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.41% in its Q2 2026 call report, above regulatory requirements.
How many branches does United Community 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 United Community Bank's Texas Ratio?
Its Texas Ratio is 11.97% 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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