State Bank of Toledo

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

State Bank of Toledo is headquartered in Toledo and is the 178th largest bank in the state of Iowa. It is also the 4,855th largest bank in the nation. It was established in 1927 and as of September of 2011, it had grown to 21 employees at 2 locations. State Bank of Toledo's savings rates are 2X the national average, and it has a 4-star health rating.

State Bank of Toledo Routing Number: 073920780

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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

ApyMinMaxProduct
1.51%-$25kHometown Reward Checking
0.40%$25k-Hometown Select Checking
0.40%$25k-Prestige Checking
0.05%$1k-Hometown Advantage Checking
0.05%--Regular NOW

State Bank of Toledo Savings Account Rates

ApyMinMaxProduct
1.21%--Variable IRA
1.21%--Variable Roth IRA
1.21%--Variable SEP IRA
1.21%--Variable CESA
1.10%--Christmas Club Account- With ACH
0.25%--Savings
0.10%--Christmas Club Account- No ACH

State Bank of Toledo Money Market Rates

ApyMinMaxProduct
0.30%$100k-Insured Money Market Account

State Bank of Toledo CD Rates

ApyMinMaxProduct
2.01%$1k-48 Month CD
1.51%$1k-36 Month CD
1.30%$25k-29 Month CD
1.15%$1k-30 Month CD
0.85%$1k-18 Month CD
0.65%$1k-12 Month CD
0.50%$1k-182 Day CD
0.35%$1k-91 Day CD

State Bank of Toledo IRA Rates

ApyMinMaxProduct
1.20%--IQ ED CD

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


The State Bank of Toledo
FDIC Certificate #4514
BankRate ReportView
Year Established1927
Employees21
Primary RegulatorFDIC

Assets and Liabilities

Assets$103.80 million
Loans$71.42 million
Deposits$90.31 million
Equity Capital$8.43 million
Loan Loss Allowance$815,000
Unbacked Noncurrent Loans$1.12 million
Real Estate Owned$238,000

Historic Data - September 2010

Assets$102.93 million
Equity Capital$8.29 million
Loan Loss Allowance$889,000
Unbacked Noncurrent Loans$1.24 million
Real Estate Owned$371,000

Profit Margin - Quarterly

Net Interest Margin3.82%
Return on Assets1.29%
Return on Equity16.11%
Interest Income$3.41 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 September 30, 2011 State Bank of Toledo had $1.36 million in non-current loans and owned real-estate with $9.24 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Toledo a Texas Ratio of 14.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for State Bank of Toledo decreased slightly from 17.59% as of September 30, 2010 to 14.71% as of September 30, 2011, resulting in a positive change of 16.37%.This indicates that the balance sheet and financial strength for State Bank of Toledo has improved slightly in recent periods.
Deposit Growth4
In the past year, State Bank of Toledo has increased its total deposits by $3.17 million, resulting in 3.64% 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 above average.
Capitalization3
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 $103.8 million in assets with $9.24 million in equity, resulting in a capitalization level of 8.91%, which is average.
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