Solon State Bank


Overview / Commentary
319-624-3405
126 South Market Street
Solon, IA 52333

Solon State Bank is headquartered in Solon and is the 202nd largest bank in the state of Iowa. It is also the 4,041st largest bank in the nation. It was established in 1932 and as of March of 2020, it had grown to 17 employees at 3 locations. Solon State Bank has a B health rating.

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Health
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 Established1932
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.57%
Return on Equity - YTD9.79%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$96.6MM$100.5MM
LoansQ1 2020vs Q1 2019$58.7MM$59.2MM
DepositsQ1 2020vs Q1 2019$70.3MM$70.7MM
Equity CapitalQ1 2020vs Q1 2019$25.6MM$24.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$475.00K$490.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$3.3MM$761.00K
Real Estate OwnedQ1 2020vs Q1 2019$2.7MM$3.7MM
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
0.30%*$100k*-HiFi Account
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $50k | 0.25% $50k - $100k
0.30%*$100k*-Non Personal HiFi Account
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $50k | 0.25% $50k - $100k
0.15%$50-Savings
0.15%$10-Savings - 12 yrs & under
0.15%$10-Christmas Club
0.15%$50-Non Personal Savings

Solon State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-NOW Account
0.15%$1k-Non Personal NOW Account

Solon State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-60 Month CD
1.00%$1k-48 Month CD
0.90%$1k-38 Month CD
0.65%$1k-30 Month CD
0.60%$1k-27 Month CD
0.55%$1k-24 Month CD
0.50%$1k-18 Month CD
0.50%$1k-21 Month CD
0.45%$1k-14 Month CD
0.45%$1k-15 Month CD
0.40%$1k-12 Month CD
0.25%$1k-182 Day CD
0.25%$1k-9 Month CD
0.20%$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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