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 202^nd largest bank in the state of Iowa. It is also the 4,041^st 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

Data as of Q1 2020

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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	2.57%
Return on Equity - YTD	9.79%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$96.6MM$100.5MM
Loans	Q1 2020vs Q1 2019	$58.7MM$59.2MM
Deposits	Q1 2020vs Q1 2019	$70.3MM$70.7MM
Equity Capital	Q1 2020vs Q1 2019	$25.6MM$24.0MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$475.00K$490.00K
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$3.3MM$761.00K
Real Estate Owned	Q1 2020vs Q1 2019	$2.7MM$3.7MM

Rates

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Savings
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not Solon State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.65%	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$1k	-	NOW Account
0.15%	$1k	-	Non Personal NOW Account

Solon State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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 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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