Hills Bancorporation

Hills Bancorporation is the bank holding company for Hills Bank and Trust Company, providing commercial banking services across Iowa. It accepts various deposits including demand, savings, and time deposits. Its loan portfolio includes real estate loans (residential, multi-family, commercial), mortgage and construction loans, commercial and financial loans, agricultural loans, and consumer loans such as automobile and installment loans. Additionally, the company offers farm management, investment advisory, and custodial services for individuals, corporations, and nonprofit organizations. It also originates mortgages sold in the secondary residential real estate market without retaining servicing rights. The company serves individuals, businesses, governmental units, and institutional customers.

Hills Bancorporation is traded on the OTC Markets OTCID exchange under the ticker symbol HBIA. Its financials are reported in US Dollars (USD). As an OTC-traded stock, it may have less liquidity and different reporting requirements compared to major exchange listings. Investors should be aware that OTC markets often involve smaller or regional companies, and trading may be less frequent.

Hills Bancorporation operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank focused on providing traditional banking services to local communities. As a regional bank, its operations are concentrated in a specific geographic area—in this case, the state of Iowa—rather than having a national or international footprint. The company's activities include taking deposits, making loans, and offering other financial services typical of community banks.

Hills Bancorporation is headquartered in Hills, Iowa, a small town in the state. Founded in 1904, the company operates through its main office and full-service branches located in three Iowa counties: Johnson, Linn, and Washington. It serves individuals, businesses, governmental units, and institutional customers within these areas. The bank's focus is on the local Iowa market, providing community banking services tailored to the needs of residents and businesses in these counties. Its long history in the region underscores its commitment to the local economy.

Hills Bancorporation generates revenue primarily through interest income from its loan portfolio, which includes real estate loans (residential, multi-family, commercial), mortgage and construction loans, commercial and financial loans, agricultural loans, and consumer loans. It also earns fee income from services such as deposit account maintenance, collection and exchange services, estate and trust administration, pension plan management, farm management, and investment advisory services. Additionally, the company originates mortgages that are sold in the secondary market, generating origination fees without retaining servicing rights. Its diversified income streams from lending and fee-based services support its profitability.