State Bank of Toledo is headquartered in Toledo and is the 178th largest bank in the state of Iowa. It is also the 3,828th largest bank in the nation. It was established in 1927 and as of September of 2019, it had grown to 20 employees at 2 locations. State Bank of Toledo has a C health rating.
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Opening Accounts Online
Interesting to see a comment from the 04-12-12 because we just used checking finder and found this bank. SBOT is sending us the paperwork to open an account. So while the process is not all done "online" you definitely don't need to do this in person.
Must Appear In Person
I called thsi morning, 12APR12. I spoke to Donna, who informed that they do not open accounts on-line, by mail or over the phone. You have to personally appear at the branch to open an account.
Ira Cash Deposit
Called about moving IRA cash to this bank. Was advised that bank does not accept IRA cash from residents who live too far from the bank. No info on defined area, but I'm from NJ and received a "no thank you" when I called.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4514 |
| Year Established | 1927 |
| Employees | 20 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.56% |
| Return on Equity - YTD | 17.36% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $114.2MM$118.6MM |
| Loans | Q3 2019vs Q3 2018 | $101.7MM$100.7MM |
| Deposits | Q3 2019vs Q3 2018 | $103.2MM$103.9MM |
| Equity Capital | Q3 2019vs Q3 2018 | $10.7MM$10.4MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $1.8MM$1.7MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $5.9MM$3.7MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |