Dubuque Bank and Trust Company (merged into HTLF Bank)
Dubuque Bank and Trust Company reported total assets of $1.9 bn at Q3 2023, its last Call Report before it merged into HTLF Bank. The CET1 capital ratio at Dubuque Bank and Trust Company was 15.24%, and the uninsured share of Dubuque Bank and Trust Company was 61.37%. Source: FDIC Call Reports.
What sets Dubuque Bank and Trust Company apart
Nothing in the latest data sets Dubuque Bank and Trust Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Dubuque Bank and Trust Company?
The balance sheet of Dubuque Bank and Trust Company at : assets $1.9 bn, deposits $1.7 bn, net loans $923.7 mn (loans equal to 53.79% of deposits). Securities make up 36.3% of total assets at Dubuque Bank and Trust Company. Since , when Dubuque Bank and Trust Company held $1.5 bn, its assets grew 25.6%. In the year to , deposits at Dubuque Bank and Trust Company fell 7.0% while its total assets fell 11.5%. At , Dubuque Bank and Trust Company employed 79 full-time equivalent staff across 10 offices, about $23.8 mn of assets per employee and $171.7 mn of deposits per office.
How much funding at Dubuque Bank and Trust Company is uninsured?
At Dubuque Bank and Trust Company, uninsured deposits (above the FDIC limit) made up 61.37% of domestic deposits at (+0.09 pp on a year earlier). In dollars, Dubuque Bank and Trust Company estimated $1.1 bn of uninsured deposits.
Key facts, Q3 2023
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.7 bn | $1.8 bn (Q3 2022) | |
| Net loans and leases | $923.7 mn | $1.0 bn (Q3 2022) | |
| Loan-to-deposit ratio | 53.79% | 55.65% (Q3 2022) | |
| Tier 1 leverage ratio | 9.66% | 7.87% (Q3 2022) | |
| Total risk-based capital ratio | 15.94% | 12.56% (Q3 2022) | |
| Net interest margin | 2.67% | 2.65% (Q3 2022) | |
| Return on assets (ROA) | 1.10% | 1.32% (Q3 2022) | |
| Efficiency ratio | 59.56% | 58.32% (Q3 2022) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $4.5 mn | Widened by $1.4 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $88.2 mn | Widened by $8.0 mn | |
| Noncurrent loans to total loans | 0.95% | 0.71% (Q3 2022) | |
| Net charge-offs to average loans | 0.07% | 0.27% (Q3 2022) |
US rank of Dubuque Bank and Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Dubuque Bank and Trust Company: assets, deposits and loans
- Total assets $1.9bn
- Deposits $1.7bn
- Net loans $924mn
Capital and securities
The CET1 ratio of Dubuque Bank and Trust Company stood at 15.24% in , +3.34 pp year on year. Low and high at Dubuque Bank and Trust Company since : 11.29% () to 15.26% (). Equity capital of Dubuque Bank and Trust Company at : $120.6 mn, or 6.4% of total assets. Dubuque Bank and Trust Company also reported a total capital ratio of 15.94% for , and a tier 1 leverage ratio of 9.66%.
On held-to-maturity securities, Dubuque Bank and Trust Company carried an unrealized loss of $4.5 mn at , equal to 3.7% of equity capital. The loss widened by $1.4 mn over the year. The available-for-sale portfolio of Dubuque Bank and Trust Company showed an unrealized loss of $88.2 mn at ; the loss widened by $8.0 mn over the year.
Dubuque Bank and Trust Company: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 9.7%
Dubuque Bank and Trust Company: unrealized securities gains and losses
- Available for sale -$88mn
- Held to maturity -$4mn
Profitability and loan quality
For the year to , Dubuque Bank and Trust Company earned a return on equity of 18.24%; return on assets: 1.10%. Net interest margin at Dubuque Bank and Trust Company: 2.67%, +0.01 pp in a year. Dubuque Bank and Trust Company net income: $16.6 mn, down 24.1% year on year. The efficiency ratio of Dubuque Bank and Trust Company was 59.56%: about 60 cents cost per revenue dollar, against 47 cents at the median peer.
At , noncurrent loans were 0.95% of total loans at Dubuque Bank and Trust Company; net charge-offs: 0.07% of average loans. Gross loans and leases at Dubuque Bank and Trust Company: $931.6 mn at , against $1.0 bn at .
Dubuque Bank and Trust Company: profitability
- Return on equity 18%
- Net interest margin 2.7%
- Return on assets 1.1%
Peer group of Dubuque Bank and Trust Company
The peer group of Dubuque Bank and Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Dubuque Bank and Trust Company (state nonmember bank) and 1 has its head office in Iowa. Against them, Dubuque Bank and Trust Company shows CET1 ratio 15.24% against a peer median of 12.34%, return on equity 18.24% against a peer median of 14.02% and uninsured deposit share 61.37% against a peer median of 37.58%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Vista Bank | State member bank | TX | $2.0 bn | 14.50% | 13.68% | 41.50% | |
| State Bank of the Lakes | National bank | IL | $2.0 bn | 10.99% | 14.35% | 17.88% | |
| Community National Bank | National bank | TX | $1.9 bn | 13.17% | 27.30% | 52.26% | |
| Dubuque Bank and Trust Company | State nonmember bank | IA | $1.9 bn | 15.24% | 18.24% | 61.37% | |
| Bank Five Nine | State nonmember bank | WI | $1.9 bn | 11.52% | 7.26% | 12.10% | |
| Fidelity Bank & Trust | State nonmember bank | IA | $1.8 bn | 11.48% | 6.50% | 33.67% | |
| West Coast Community Bank | State nonmember bank | CA | $1.8 bn | 13.52% | 17.02% | 45.02% | |
. FDIC Call Reports.
Last eight quarters
Two years at Dubuque Bank and Trust Company, to : assets $2.2 bn to $1.9 bn, deposits $1.8 bn to $1.7 bn, equity $173.5 mn to $120.6 mn. Staff 157 to 79; offices 8 to 10.
| Metric | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.2 bn | $2.3 bn | $2.2 bn | $2.1 bn | $2.1 bn | $2.1 bn | $1.9 bn | $1.9 bn |
| Total deposits | $1.8 bn | $1.8 bn | $1.9 bn | $1.8 bn | $1.8 bn | $1.9 bn | $1.7 bn | $1.7 bn |
| Bank equity capital | $173.5 mn | $148.1 mn | $128.1 mn | $108.1 mn | $113.3 mn | $123.8 mn | $126.7 mn | $120.6 mn |
| CET1 ratio | 12.16% | 12.32% | 11.96% | 11.90% | 12.35% | 13.25% | 14.45% | 15.24% |
| Return on equity (ROE) | 14.31% | 16.21% | 19.46% | 20.86% | 21.14% | 18.18% | 20.48% | 18.24% |
| Uninsured share of domestic deposits | 57.84% | 57.22% | 59.98% | 61.29% | 62.37% | 56.32% | 56.13% | 61.37% |
| Full-time equivalent employees | 157 | 149 | 139 | 137 | 136 | 83 | 80 | 79 |
| Number of offices | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 10 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Dubuque Bank and Trust Company, oldest first; figures before and after each event are not like for like.
- . Merged into HTLF Bank (FDIC certificate 58458).
Questions and identifiers
What were the total assets of Dubuque Bank and Trust Company?
Dubuque Bank and Trust Company reported $1.9 bn at in its Call Report.
Is Dubuque Bank and Trust Company the same as its holding company?
No. This page covers Dubuque Bank and Trust Company, FDIC certificate 15219; HEARTLAND FINANCIAL USA INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Dubuque Bank and Trust Company profitable?
Dubuque Bank and Trust Company reported net income of $16.6 mn for the year to ; annualized return on equity: 18.24%. So yes: Dubuque Bank and Trust Company made a profit over these months.
When is data for Dubuque Bank and Trust Company next updated?
Dubuque Bank and Trust Company no longer files Call Reports; its data ends at .
Where can I check the figures for Dubuque Bank and Trust Company?
In the FDIC BankFind Suite record for certificate 15219, and in the Call Reports of Dubuque Bank and Trust Company (RSSD ID 642549) at the FFIEC Central Data Repository.