Laurens State Bank

Overview / Commentary

www.laurensstatebank.com

712-845-2627

102 South Third Street
Laurens, IA 50554

Laurens State Bank is headquartered in Laurens and is the 217^th largest bank in the state of Iowa. It is also the 4,420^th largest bank in the nation. It was established in 1935 and as of June of 2020, it had grown to 14 employees at 3 locations. Laurens State Bank has an A health rating.

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Health

Data as of Q2 2020

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Laurens State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	15320
Year Established	1935
Employees	14
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.13%
Return on Equity - YTD	9.4%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$72.0MM$68.1MM
Loans	Q2 2020vs Q2 2019	$27.1MM$27.9MM
Deposits	Q2 2020vs Q2 2019	$62.6MM$59.2MM
Equity Capital	Q2 2020vs Q2 2019	$8.6MM$8.1MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$342.00K$349.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$0$0
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Laurens State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	-	$1k	Christmas Club
OTHER TIERS: 0.02% → $1k+
0.02%	$100	-	Passbook Savings
0.02%	$100	-	Statement Savings
0.02%	$100	-	Business Passbook Savings
0.02%	$100	-	Business Statement Savings

Laurens State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.07%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.03% → Up to $25k \| 0.05% → $25k - $50k
0.07%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.03% → Up to $25k \| 0.05% → $25k - $50k

Laurens State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.01% → Up to $2.5k
0.03%^*	$2.5k^*	-	Business Interest Checking
OTHER TIERS: 0.01% → Up to $2.5k

Locations

Laurens State Bank Locations
Laurens State Bank	102 South Third Street	Laurens, IA 50554
Mallard Branch	602 Inman Street	Mallard, IA 50562
Emmetsburg Branch	2407 Main Street	Emmetsburg, IA 50536

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