State Bank of Toledo is headquartered in Toledo and is the 191st largest bank in the state of Iowa. It is also the 4,302nd largest bank in the nation. It was established in 1927 and as of June of 2016, it had grown to 20 employees at 2 locations. State Bank of Toledo has a B+ 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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4514 |
| Year Established | 1927 |
| Employees | 20 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.47% |
| Return on Equity - YTD | 16.95% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $106.1MM$101.5MM |
| Loans | Q2 2016vs Q2 2015 | $91.0MM$88.7MM |
| Deposits | Q2 2016vs Q2 2015 | $92.8MM$89.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $9.8MM$9.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.3MM$1.1MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.7MM$1.7MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$203.00K |
Always verify rates and promotions with the bank or credit union. We are not State Bank of Toledo; 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.
State Bank of Toledo Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.90%* | - | $25k | Hometown Reward Checking | ||
| OTHER TIERS: 0.15% → $25k+ | |||||
| State Bank of Toledo Locations | ||
|---|---|---|
| The State Bank Of Toledo | 100 East High | Toledo, IA 52342 |
| South Branch | 1003 S County Rd | Toledo, IA 52342 |