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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 261st largest bank in the state of Minnesota. It is also the 5,447th largest bank in the nation. It was established in 1902 and as of September of 2016, it had grown to 8 employees at 1 location. State Bank of Danvers has a B health rating.

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Health
B
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
Employees8
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.49%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$47.4MM$48.1MM
LoansQ3 2016vs Q3 2015$20.6MM$22.4MM
DepositsQ3 2016vs Q3 2015$40.9MM$41.2MM
Equity CapitalQ3 2016vs Q3 2015$5.3MM$5.7MM
Loan Loss AllowanceQ3 2016vs Q3 2015$446.00K$502.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$498.00K$536.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$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
0.65%$500-IRA Savings Account
0.65%$500-Roth IRA Savings Account
0.07%*$25k*-Regular Savings Account
OTHER TIERS: 0.02% Up to $2,500 | 0.03% $2,500 - $25k
0.07%*$25k*-Super Saving
OTHER TIERS: 0.03% $2,500 - $10k | 0.05% $10k - $25k

State Bank of Danvers Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.06%*$25k*-Money Market Checking Account
OTHER TIERS: 0.03% $2,500 - $25k

State Bank of Danvers Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$25k*-NOW Account
OTHER TIERS: 0.02% $1,500 - $25k

State Bank of Danvers CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-5 Year CD
1.25%$500-4 Year CD
1.00%$500-3 Year CD
0.80%$500-2 Years CD
0.40%*$25k*-1 Year CD
OTHER TIERS: 0.35% $500 - $25k
0.25%*$25k*-182 Day CD
OTHER TIERS: 0.20% $2,500 - $25k
0.15%*$25k*-91 Day CD
OTHER TIERS: 0.10% $2,500 - $25k

State Bank of Danvers IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$500-5 Year IRA
1.25%$500-4 Year IRA
1.00%$500-3 Year IRA
0.80%$500-2 Years IRA
0.40%*$25k*-1 Year IRA
OTHER TIERS: 0.35% $500 - $25k
0.25%*$25k*-182 Day IRA
OTHER TIERS: 0.20% $2,500 - $25k
0.15%*$25k*-91 Day IRA
OTHER TIERS: 0.10% $2,500 - $25k
Locations


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