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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 192nd largest bank in the state of Iowa. It is also the 3,971st largest bank in the nation. It was established in 1932 and as of June of 2020, 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 Q2 2020

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Health Grade Components

Overall
FDIC Certificate #232
Year Established1932
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.42%
Return on Equity - YTD9.43%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$106.7MM$104.8MM
LoansQ2 2020vs Q2 2019$61.0MM$61.5MM
DepositsQ2 2020vs Q2 2019$79.9MM$71.4MM
Equity CapitalQ2 2020vs Q2 2019$26.1MM$24.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$475.00K$491.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.9MM$3.1MM
Real Estate OwnedQ2 2020vs Q2 2019$2.6MM$3.2MM
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$100-IRA
0.25%*$100k*-HiFi Account
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $50k | 0.20% → $50k - $100k
0.25%*$100k*-Non Personal HiFi Account
OTHER TIERS: 0.10% → $2.5k - $10k | 0.15% → $10k - $50k | 0.20% → $50k - $100k
0.10%$50-Savings
0.10%$10-Savings - 12 yrs & under
0.10%$10-Christmas Club
0.10%$50-Non Personal Savings

Solon State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-NOW Account
0.10%$1k-Non Personal NOW Account

Solon State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-60 Month CD
0.80%$1k-48 Month CD
0.75%$1k-38 Month CD
0.60%$1k-30 Month CD
0.50%$1k-24 Month CD
0.50%$1k-27 Month CD
0.45%$1k-18 Month CD
0.45%$1k-21 Month CD
0.35%$1k-14 Month CD
0.35%$1k-15 Month CD
0.30%$1k-12 Month CD
0.20%$1k-182 Day CD
0.20%$1k-9 Month CD
0.15%$10k-91 Day CD
Locations


Solon State Bank Locations
Solon State Bank126 South Market StreetSolon, IA 52333
Ely Branch1540 State StreetEly, IA 52227
Tiffin Branch444 East State StreetTiffin, IA 52340

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