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Distressed Note Industry
Iowa Construction & Development
Analyzing construction & development loan performance across 431 Iowa banks
As of Q2 2025, 431 Iowa banks report construction & development portfolios totaling $7.9B. Non-performing loans in this category total $85.8M — an average NPL ratio of 1.08% — with $30.7M 30-89 days delinquent, $8.5M 90+ days delinquent, and $77.3M in nonaccrual status. The most distressed lender in this category is WASHINGTON STATE BANK (IA) with an NPL ratio of 26.49%.
Total Lenders
431
Total Loan Portfolio
$7.9B
Total NPL
$85.8M
Average NPL %
1.08%
Delinquency Breakdown
30-89 Days
$30.7M
90+ Days
$8.5M
Nonaccrual
$77.3M
Charge-offs
$2.4M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Construction & Development in Iowa
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| WASHINGTON STATE BANK | IA | $5.1M | $1.4M | 26.49% |
| MAQUOKETA STATE BANK | IA | $1.1M | $266K | 24.43% |
| PINNACLE BANK | IA | $19.0M | $4.2M | 22.15% |
| UNITED BANK OF IOWA | IA | $2.8M | $594K | 21.48% |
| LEIGHTON STATE BANK | IA | $3.5M | $697K | 19.96% |
| TWO RIVERS BANK & TRUST | IA | $50.2M | $8.1M | 16.14% |
| CITIZENS FIRST BANK | IA | $13.9M | $2.2M | 15.88% |
| TWO RIVERS BANK & TRUST | IA | $53.0M | $8.1M | 15.29% |
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Construction & Development in Other States
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District of Columbia
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