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State Bank of Toledo

100 E High St.
Toledo, IA 52342
641-484-2980
www.banktoledo.com

FDIC

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State Bank of Toledo is headquartered in Toledo and is the 200^th largest bank in the state of Iowa. It is also the 4,869^th largest bank in the nation. It was established in 1927 and as of December of 2012, it had grown to 22 employees at 2 locations. State Bank of Toledo's savings rates are 94% higher than the national average, and it has a 3-star health rating.

State Bank of Toledo Routing Number: 073920780

Maximum For The Reward Checking Is $25K Not $70K (Forum) - 1/20/2010

Maximum for the reward checking is $25K not $70K, please correct your tables.

The Nation's Best Reward Checking Account Slashes Rate from 6.01% to 5.01% - 12/14/2007

State Bank of Toledo (SBoT) officially slashed the yield on its reward checking account from 6.01% to 5.01% APY. In addition, they've added a $70,000 cap on the balance that earns this top yield. Balances over $70,000 only earn 3.30% APY. Everything else...

Update on State Bank of Toledo and Its Nationally Available 6.01% Reward Checking Account - 11/29/2007

Update 12/14/07: State Bank of Toledo is now listing a new rate of 5.01% APY for balances up to $70,000. Please see this post for more details.It has been over 5 months since I first reported on State Bank of Toledo's 6.01% Reward Checking Account. The...

High-Yield Reward Checking Account at an Iowa Bank (State Bank of Toledo) - 6/21/2007

Update 9/26/09: The top yield has fallen to 2.51% APY. See bottom of post for the rate history.State Bank of Toledo is offering a reward checking account called Hometown Reward Checking. It offers 2.51% APY for balances up to $70,000 (1.00% for above)...

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See Rates for: Checking | Savings | Money Market | CD | IRA

State Bank of Toledo Checking Account Rates

Apy	Min	Max	Product
1.00%	-	$25k	Hometown Reward Checking
0.15%	$5k	-	Hometown Select Checking
0.15%	$5k	-	Prestige Checking
0.05%	$1k	-	Hometown Advantage Checking
0.05%	-	-	Regular NOW

State Bank of Toledo Savings Account Rates

Apy	Min	Max	Product
1.01%	-	-	Variable IRA
1.01%	-	-	Variable Roth IRA
1.01%	-	-	Variable SEP IRA
1.01%	-	-	Variable CESA
0.65%	-	-	Christmas Club Account- With ACH
0.15%	-	-	Savings
0.05%	-	-	Christmas Club Account- No ACH

State Bank of Toledo Money Market Rates

	Apy	Min	Max	Product
	0.20%	$100k	-	Insured Money Market Account

State Bank of Toledo CD Rates

Apy	Min	Max	Product
1.25%	$1k	-	48 Month CD
1.00%	$1k	-	36 Month CD
0.75%	$1k	-	30 Month CD
0.50%	$1k	-	18 Month CD
0.45%	$1k	-	12 Month CD
0.40%	$1k	-	182 Day CD
0.30%	$1k	-	91 Day CD

State Bank of Toledo IRA Rates

	Apy	Min	Max	Product
	1.01%	-	-	IQ ED CD

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

The State Bank of Toledo
FDIC Certificate #	4514
BankRate Report	View
Year Established	1927
Employees	22
Primary Regulator	FDIC
Assets and Liabilities
Assets	$100.60 million
Loans	$73.42 million
Deposits	$90.82 million
Equity Capital	$8.47 million
Loan Loss Allowance	$855,000
Unbacked Noncurrent Loans	$937,000
Real Estate Owned	$146,000
Historic Data - December 2011
Assets	$105.24 million
Equity Capital	$8.17 million
Loan Loss Allowance	$822,000
Unbacked Noncurrent Loans	$611,000
Real Estate Owned	$236,000
Profit Margin - Quarterly
Net Interest Margin	4.09%
Return on Assets	1.31%
Return on Equity	16.18%
Interest Income	$4.52 million

Institution Health

Overall Score:

3 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 December 31, 2012 State Bank of Toledo had $1.08 million in non-current loans and owned real-estate with $9.33 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Toledo a Texas Ratio of 11.61% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for State Bank of Toledo held steady from 9.42% as of December 31, 2011 to 11.61% as of December 31, 2012, resulting in a negative change of 23.31%. This indicates that the balance sheet and financial strength for State Bank of Toledo has held steady in recent periods.
Deposit Growth
In the past year, State Bank of Toledo has decreased its total deposits by -$1.91 million, resulting in -2.06% 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 State Bank of Toledo 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. State Bank of Toledo has $100.6 million in assets with $9.33 million in equity, resulting in a capitalization level of 9.27%, which is average.

Must Appear In Person
1 stars

- budryerson - Thursday, April 12, 2012 - 10:36 AM

I called thsi morning, 12APR12. I spoke to Donna, who informed that they do not open accounts on-line, by mail or over the phone. You have to personally appear at the branch to open an account.

State Bank of Toledo

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