Hills Bank and Trust Company

Headquarters

131 Main Street
Hills, IA 52235
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.05% →
1-Year CD 0.20% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage 3.28% 2.80% →
15-Year Mortgage 2.92% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Hills Bank and Trust Company is an FDIC insured institution located in Hills, IA. It was founded in 1904 and has approximately $3.36 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 14650
Date Established 1904
Assets $ 3.36 billion
Loans $ 2.64 billion
Deposits $ 2.73 billion
Capital $ 427.13 million
 

For a more detailed analysis of Hills Bank and Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 17 Mo CD
1.10% $500 - Learn More
Special: 17 Mo CD
1.10% $500 - Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 17 Mo FIRA
1.10% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Hills Bank and Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Hills Bank and Trust Company Locations


Financial Details

Hills Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hills Bank and Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Hills Bank and Trust Company U.S. Bank Average
2.78% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Hills Bank and Trust Company had $12,950,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $427,129,000 in equity and $38,340,000 in loans loss reserves. That gives it a Texas Ratio of 2.78%.

Return on Equity
Hills Bank and Trust Company U.S. Bank Average
6.67% 7.80%

Hills Bank and Trust Company has a Return on Equity of 6.67% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Hills Bank and Trust Company U.S. Bank Average
12.69% 12.68%

Hills Bank and Trust Company has a Capitalization of 12.69% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Hills Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, Hills Bank and Trust Company had assets of $3,364,758,000, loans of $2,637,991,000, and deposits of $2,734,416,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 268.24 million
Interest-bearing balances $ 233.62 million
Total securities $ 371.84 million
Federal funds sold and reverse repurchase $ 0.06 million
Net loans and leases $ 2.64 billion
Loan loss allowance $ 38.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.50 million
All other assets $ 44.26 million
     Total Assets $ 2.94 billion
LIABILITIES
Total deposits $ 2.73 billion
      Interest-bearing deposits $ 2.35 billion
      Deposits held in domestic offices $ 2.73 billion
      % insured (estimated) 78.02%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 188.14 million
Subordinated debt N.A.
All other liabilities $ 15.08 million
      Total Liabilities $ 2.94 billion
      Shareholders’ Equity $ 427.13 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 32.45 million
Total Interest Expense $ 7.86 million
Net interest income $ 24.59 million
Provision for loan and lease losses $ 4.65 million
Total non interest income $ 6.36 million
Total non interest expense $ 17.23 million
Pre-tax Net Operating Income $ 9.07 million

Bank Loan Profile?

The top three loan types in Hills Bank and Trust Company’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in Iowa, Hills Bank and Trust Company has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages, Credit Card Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.42
Multifamily
Mortgages
13.54
Credit Card Loans 0.39
Consumer Auto Loans 0.59
Small Business Loans 6.99
Construction and Development Loans 7.06
Commercial Real Estate 15.55
Commercial and Industrial Loans 8.65
Farm Loans 3.67

Frequently Asked Questions About Hills Bank And Trust Company

Branches and Savings

Is Hills Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #14650.

Why does Hills Bank And Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Hills Bank And Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Hills Bank And Trust Company a commercial bank?

Yes

Where are Hills Bank And Trust Company locations?

See branch locations nearby.

Is Hills Bank And Trust Company open on Saturdays?

Is Hills Bank And Trust Company open on Sundays?

What time does Hills Bank And Trust Company open?

What time does Hills Bank And Trust Company close?

Are Hills Bank And Trust Company ATMs Open 24/7?

Do Hills Bank And Trust Company ATMs accept cash deposits?

Can Hills Bank And Trust Company customers use other ATMs?

Do Hills Bank And Trust Company branches have notaries?

Will Hills Bank And Trust Company notarize my document?

What address for Hills Bank And Trust Company should I put for incoming ACH transfers?

Will the Hills Bank And Trust Company branch print checks?

Do Hills Bank And Trust Company checks expire?

Does Hills Bank And Trust Company require US citizenship to open account?

Can Hills Bank And Trust Company close my account?

Does Hills Bank And Trust Company Report to credit bureaus?

Does Hills Bank And Trust Company Use Equifax?

What is Hills Bank And Trust Company's ACH Routing Number?

What is Hills Bank And Trust Company's SWIFT code?

Products

Does Hills Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Hills Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hills Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Hills Bank And Trust Company offer student loans?

Will Hills Bank And Trust Company cash a check?

Will Hills Bank And Trust Company redeem a savings bond?

Does Hills Bank And Trust Company cash savings bonds?

Will Hills Bank And Trust Company cash money orders?

Can Hills Bank And Trust Company issue a money order?

Does Hills Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Hills Bank And Trust Company?

How long has Hills Bank And Trust Company been around?

Can Hills Bank And Trust Company transfer to other banks?

Does Hills Bank And Trust Company have quick pay?

Does Hills Bank And Trust Company accept rolled coins?

Will Hills Bank And Trust Company accept loose change?

Where is Hills Bank And Trust Company headquarters?

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