Solon State Bank

Overview / Commentary

www.solonstatebank.com

319-624-3405

126 South Market Street
Solon, IA 52333

Solon State Bank is headquartered in Solon and is the 190^th largest bank in the state of Iowa. It is also the 3,990^th largest bank in the nation. It was established in 1932 and as of June of 2019, it had grown to 17 employees at 3 locations. Solon State Bank has a C+ health rating.

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Health

C+

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	232
Year Established	1932
Employees	17
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.67%
Return on Equity - YTD	11.32%
Annual Interest Income	$2.6MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$104.8MM$99.5MM
Loans	Q2 2019vs Q2 2018	$61.5MM$54.4MM
Deposits	Q2 2019vs Q2 2018	$71.4MM$76.6MM
Equity Capital	Q2 2019vs Q2 2018	$24.5MM$22.6MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$491.00K$494.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$3.1MM$868.00K
Real Estate Owned	Q2 2019vs Q2 2018	$3.2MM$3.5MM

Rates

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Savings
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.

Solon State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.52%	$100	-	IRA
0.50%^*	$100k^*	-	HiFi Account
OTHER TIERS: 0.20% → $2.5k - $10k \| 0.30% → $10k - $50k \| 0.40% → $50k - $100k
0.50%^*	$100k^*	-	Non Personal HiFi Account
OTHER TIERS: 0.20% → $2.5k - $10k \| 0.30% → $10k - $50k \| 0.40% → $50k - $100k
0.20%	$50	-	Savings
0.20%	$10	-	Savings - 12 yrs & under
0.20%	$10	-	Christmas Club
0.20%	$50	-	Non Personal Savings

Solon State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$1k	-	NOW Account
0.20%	$1k	-	Non Personal NOW Account

Solon State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.12%	$1k	-	48 Month CD
2.67%	$1k	-	38 Month CD
2.52%	$1k	-	30 Month CD
2.42%	$1k	-	27 Month CD
2.31%	$1k	-	21 Month CD
2.01%	$1k	-	14 Month CD
1.15%	$1k	-	60 Month CD
0.65%	$1k	-	24 Month CD
0.55%	$1k	-	18 Month CD
0.45%	$1k	-	12 Month CD
0.45%	$1k	-	15 Month CD
0.25%^*	$75k^*	-	91 Day CD
OTHER TIERS: 0.20% → $10k - $75k
0.25%	$1k	-	182 Day CD
0.25%	$1k	-	9 Month CD

Locations

Solon State Bank Locations
Solon State Bank	126 South Market Street	Solon, IA 52333
Ely Branch	1540 State Street	Ely, IA 52227
Tiffin Branch	444 East State Street	Tiffin, IA 52340

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