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 222^nd largest bank in the state of Iowa. It is also the 4,545^th largest bank in the nation. It was established in 1935 and as of June of 2019, it had grown to 14 employees at 3 locations. Laurens State Bank's CD rates are 33% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2019

Learn why bank health matters

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	1.25%
Return on Equity - YTD	10.92%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$68.1MM$68.7MM
Loans	Q2 2019vs Q2 2018	$27.9MM$29.0MM
Deposits	Q2 2019vs Q2 2018	$59.2MM$61.0MM
Equity Capital	Q2 2019vs Q2 2018	$8.1MM$7.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$349.00K$353.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$0$0
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
Checking
CD

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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
0.50%^*	-	$1k	Christmas Club
OTHER TIERS: 0.26% → $1k+
0.10%	$100	-	Passbook Savings
0.10%	$100	-	Statement Savings
0.10%	$100	-	Business Passbook Savings
0.10%	$100	-	Business Statement Savings

Laurens State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.05% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k
0.35%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $2.5k \| 0.15% → $2.5k - $10k \| 0.20% → $10k - $25k \| 0.25% → $25k - $50k \| 0.30% → $50k - $100k

Laurens State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$2.5k^*	-	Interest Checking
OTHER TIERS: 0.05% → Up to $2.5k
0.10%^*	$2.5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $2.5k

Laurens State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	5 Year CD
1.75%	$500	-	4 Year CD
1.65%	$500	-	3 Year CD
1.40%	$500	-	2 Year CD
1.20%	$500	-	1 Year CD
0.85%	$1k	-	6 Month CD
0.60%	$1k	-	3 Month CD

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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