Bank · FDIC insured
Union State Bank
A $136.5M bank headquartered in Winterset, IA, with 3 branches in Iowa. Best rates: CDs 4.03% and savings 0.80% APY.
Union State Bank Carrot Score
80
Carrot Score
Higher than 53% of U.S. banks and credit unions
#31 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Union State Bank
Established in 1935 as an Iowa-chartered institution, Union State Bank is a family-owned independent bank serving Madison, Dallas, Polk, and surrounding counties.
The bank operates its main bank location in Winterset, Iowa, alongside additional branch offices in West Des Moines and Truro.
- Headquarters
- 611 W Highway 92, Winterset, IA 50273
- FDIC certificate
- 14982 ↗
Branches
3 branches in Iowa
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Iowa
3 branches
- Union State BankMain office611 W Highway 92, Winterset, IA 50273Directions
- Truro Branch160 E Garfield St, Truro, IA 50257Directions
- West Des Moines Branch6305 Mills Civic Pkwy, West Des Moines, IA 50266Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.12% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.15% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $69 | $81 | — |
- CapitalLeverage ratio8.12%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.15%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$69Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Union State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.