Solon State Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.15%	5-year CD	60 Month CD 2.90% - Goldman Sachs Bank USA High-yield 5 Year CD
0.45%	1-year CD	14 Month CD 1.80% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Savings 1.65% - Barclays Online Savings Account

View all Solon State Bank rates »

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 203^rd largest bank in the state of Iowa. It is also the 4,258^th largest bank in the nation. It was established in 1932 and as of March of 2018, it had grown to 17 employees at 3 locations. Solon State Bank has a B health rating.

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Health

B

Data as of Q1 2018

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. Solon State Bank has a relatively low asset base.

Health Grade Components

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

Profit Margin
Return on Assets - YTD	2.4%
Return on Equity - YTD	10.22%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$97.0MM$91.7MM
Loans	Q1 2018vs Q1 2017	$55.1MM$53.3MM
Deposits	Q1 2018vs Q1 2017	$73.8MM$68.3MM
Equity Capital	Q1 2018vs Q1 2017	$22.9MM$22.4MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$392.00K$500.00K
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$4.3MM$2.6MM
Real Estate Owned	Q1 2018vs Q1 2017	$2.7MM$2.3MM

Rates

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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
0.70%	$100	-	IRA
0.50%^*	$100k^*	-	HiFi Account
OTHER TIERS: 0.20% → $2,500 - $10k \| 0.30% → $10k - $50k \| 0.40% → $50k - $100k
0.20%	$50	-	Savings
0.20%	-	-	Savings - 12 yrs & under
0.20%	-	-	Christmas Club

Solon State Bank Checking Account Rates

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

Solon State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$1k	-	60 Month CD
1.05%	$1k	-	48 Month CD
0.75%	$1k	-	36 Month CD
0.75%	$1k	-	38 Month CD
0.70%	$1k	-	30 Month CD
0.65%	$1k	-	24 Month CD
0.55%	$1k	-	18 Month CD
0.55%	$1k	-	21 Month CD
0.45%	$1k	-	12 Month CD
0.45%	$1k	-	14 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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