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Overview / Commentary
888-220-7369
2010 Minnesota Ave
Benson, MN 56215

State Bank of Danvers is headquartered in Benson and is the 255th largest bank in the state of Minnesota. It is also the 5,190th largest bank in the nation. It was established in 1902 and as of March of 2018, it had grown to 6 employees at 1 location. State Bank of Danvers 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. State Bank of Danvers has a low asset base.

Health Grade Components

Overall
FDIC Certificate #1401
Year Established1902
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD9.42%
Annual Interest Income$377.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$45.7MM$48.4MM
LoansQ1 2018vs Q1 2017$18.9MM$19.5MM
DepositsQ1 2018vs Q1 2017$39.4MM$42.1MM
Equity CapitalQ1 2018vs Q1 2017$5.2MM$5.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$497.00K$472.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$141.00K$398.00K
Real Estate OwnedQ1 2018vs Q1 2017$86.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Danvers Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-IRA Savings Account
0.25%*$25k*-Super Saving
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k
0.20%*$25k*-Regular Savings Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $25k

State Bank of Danvers Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market Checking Account
OTHER TIERS: 0.15% $2,500 - $25k

State Bank of Danvers Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-NOW Account
OTHER TIERS: 0.10% $1,500 - $25k

State Bank of Danvers CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-5 Year CD
1.05%$500-4 Year CD
1.00%$500-3 Year CD
0.80%$500-2 Years CD
0.60%*$25k*-1 Year CD
OTHER TIERS: 0.50% $500 - $25k
0.45%*$25k*-182 Day CD
OTHER TIERS: 0.35% $2,500 - $25k
0.35%*$25k*-91 Day CD
OTHER TIERS: 0.25% $2,500 - $25k

State Bank of Danvers IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-5 Year IRA
1.05%$500-4 Year IRA
1.00%$500-3 Year IRA
0.80%$500-2 Years IRA
0.60%*$25k*-1 Year IRA
OTHER TIERS: 0.50% $500 - $25k
0.45%*$25k*-182 Day IRA
OTHER TIERS: 0.35% $2,500 - $25k
0.35%*$25k*-91 Day IRA
OTHER TIERS: 0.25% $2,500 - $25k
Locations


State Bank of Danvers Locations
State Bank Of Danvers2010 Minnesota AveBenson, MN 56215

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