Solon State Bank

Solon State Bank is headquartered in Solon and is the 220^th largest bank in the state of Iowa. It is also the 5,338^th largest bank in the nation. It was established in 1932 and as of March of 2012, it had grown to 16 employees at 3 locations. Solon State Bank's savings rates are 3X the national average, and it has a 4-star health rating.

Solon State Bank Routing Number: 073921446

Solon State Bank Checking Account Rates

Solon State Bank Savings Account Rates

Solon State Bank CD Rates

Data for Q1 2012

Institution Statistics Solon State Bank FDIC Certificate # 232 BankRate Report View Year Established 1932 Employees 16 Primary Regulator FDIC Assets and Liabilities Assets $85.29 million Loans $60.37 million Deposits $63.51 million Equity Capital $17.66 million Loan Loss Allowance $1.46 million Unbacked Noncurrent Loans $3.67 million Real Estate Owned $926,000 Historic Data - March 2011 Assets $83.95 million Equity Capital $16.48 million Loan Loss Allowance $1.47 million Unbacked Noncurrent Loans $4.06 million Real Estate Owned $1.15 million Profit Margin - Quarterly Net Interest Margin 5.46% Return on Assets 2.72% Return on Equity 13.21% Interest Income $1.22 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Solon State Bank had $4.59 million in non-current loans and owned real-estate with $19.12 million in equity and loan loss allowances on hand to cover it. This gives Solon State Bank a Texas Ratio of 24.01% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Solon State Bank decreased slightly from 29.04% as of March 31, 2011 to 24.01% as of March 31, 2012, resulting in a positive change of 17.31%.This indicates that the balance sheet and financial strength for Solon State Bank has improved slightly in recent periods. Deposit Growth In the past year, Solon State Bank has decreased its total deposits by $-807,000, resulting in -1.25% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Solon State Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Solon State Bank has $85.29 million in assets with $19.12 million in equity, resulting in a capitalization level of 22.42%, which is excellent.

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