The bank is expanding in Midwest urban centers with digital banking investments and branch efficiency gains, while conservative lending and high credit quality strengthen competitive positioning against larger banks. West Des Moines-based operations focus on Iowa and Minnesota markets with total assets of $4.1 billion and deposits of $3.5 billion as of 2025.
Cyborg Score Rationale
The bank demonstrates exceptional risk management and strong deposit growth, positioning it for future loan growth and better profitability. Trading at a reasonable valuation with stable low volatility metrics, though recent earnings missed analyst expectations.
Top Insights
Total assets reached $4.1 billion (up 3.2%) and deposits rose to $3.5 billion (up 3.3%) in 2025, reflecting customer expansion
Commercial and commercial real estate lending dominates the portfolio with high CRE concentrations requiring heightened risk management
Tangible common equity ratio improved to 6.42% from 5.68%, demonstrating strengthening capital position
Maintains consistent dividend policy with $1.00 per share paid in 2025 and $0.25 quarterly dividend declared for 2026
Named Competitors
Regional Community Banking — Mid-sized regional bank competitors in community banking space