State Bank of Toledo

100 E High St. PO Box 309
Toledo, IA 52342
641-484-2980
www.banktoledo.com

Related Blog Posts

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...

2.51% 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

ApyMinMaxProduct
2.51%-$25kHometown Reward Checking
0.65%$25k-Prestige Checking
0.65%$25k-Hometown Select Checking
0.05%$1k-Hometown Advantage Checking

State Bank of Toledo Savings Account Rates

ApyMinMaxProduct
1.40%--Christmas Club Account- With ACH
0.40%--Christmas Club Account- No ACH
0.25%--Savings
0.05%--Regular NOW

State Bank of Toledo Money Market Rates

ApyMinMaxProduct
0.45%$100k-Insured Money Market Account

State Bank of Toledo CD Rates

ApyMinMaxProduct
2.31%$1k-48 Month CD
1.91%$1k-36 Month CD
1.51%$25k-15 Month CD
1.40%$1k-30 Month CD
1.20%$1k-18 Month CD
1.10%$1k-12 Month CD
0.90%$1k-182 Day CD
0.50%$1k-91 Day CD

State Bank of Toledo IRA Rates

ApyMinMaxProduct
1.52%--Variable IRA
1.52%--IQ ED CD

Rates updated: 9/8/2010

Institution Statistics


FDIC Certificate #4514
BankRate ReportView
Year Established1927
Employees20
Primary RegulatorFDIC

Assets and Liabilities

Assets$100.88 million
Loans$66.29 million
Deposits$85.07 million
Equity Capital$8.08 million
Loan Loss Allowance$887,000
Unbacked Noncurrent Loans$1.14 million
Real Estate Owned$446,000

Historic Data - June 2009

Assets$100.23 million
Equity Capital$7.69 million
Loan Loss Allowance$887,000
Unbacked Noncurrent Loans$1.09 million
Real Estate Owned$146,000

Profit Margin - Quarterly

Net Interest Margin3.59%
Return on Assets1.15%
Return on Equity15.15%
Interest Income$2.41 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio5
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 June 30, 2010 State Bank of Toledo had $1.58 million in non-current loans and owned real-estate with $8.97 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Toledo a Texas Ratio of 17.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for State Bank of Toledo increased slightly from 14.44% as of June 30, 2009 to 17.64% as of June 30, 2010, resulting in a negative change of 22.12%. This indicates that the balance sheet and financial strength for State Bank of Toledo has declined slightly in recent periods.
Deposit Growth3
In the past year, State Bank of Toledo has increased it's total deposits by $1.07 million, resulting in 1.28% 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 average.
Capitalization2
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 $100.88 million in assets with $8.97 million in equity, resulting in a capitalization level of 8.89%, which is below average.
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