State Central Bank

Overview / Commentary

www.statecentralbank.com

319-592-3372

612 1st Street
Bonaparte, IA 52620

State Central Bank is headquartered in BONAPARTE and is the 221^st largest bank in the state of Iowa. It is also the 4,311^th largest bank in the nation. It was established in 1858 and as of June of 2024, it had grown to 22 employees at 4 locations. State Central Bank's money market rates are 2X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

Learn why bank health matters

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 Central Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	5820
Year Established	1858
Employees	22
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.19%
Return on Equity - YTD	1.73%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$50.2MM$48.7MM
Loans	Q2 2024vs Q2 2023	$16MM$13.4MM
Deposits	Q2 2024vs Q2 2023	$44.4MM$43.9MM
Equity Capital	Q2 2024vs Q2 2023	$5.7MM$4.8MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$1.3MM$1.1MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$813K$1.6MM
Real Estate Owned	Q2 2024vs Q2 2023	$0$29K

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Central Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%	$2.5k	-	Golden Passbook Savings
0.20%	$50	-	Regular Savings

State Central Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$50k^*	-	Money Market Checking
OTHER TIERS: 0.40% → $1k - $25k \| 0.50% → $25k - $50k
1.00%^*	$50k^*	-	Business Money Market Checking
OTHER TIERS: 0.40% → $1k - $25k \| 0.50% → $25k - $50k

State Central Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$50k	-	Grand Checking
0.45%	$15k	-	Diamond Checking
0.35%	$5k	-	Golden Checking
0.30%	$500	-	Super Checking

State Central Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.02%^*	$10k^*	-	60 Month CD
OTHER TIERS: 2.52% → $1k - $10k
2.77%^*	$10k^*	-	36 Month CD
OTHER TIERS: 2.26% → $1k - $10k
2.77%^*	$10k^*	-	48 Month CD
OTHER TIERS: 2.26% → $1k - $10k
2.52%^*	$10k^*	-	24 Month CD
OTHER TIERS: 2.01% → $1k - $10k
2.52%^*	$10k^*	-	30 Month CD
OTHER TIERS: 2.01% → $1k - $10k
2.26%^*	$10k^*	-	18 Month CD
OTHER TIERS: 1.76% → $1k - $10k
2.02%	$1k	-	10 Month Budget Master CD Special
1.76%^*	$10k^*	-	12 Month CD
OTHER TIERS: 1.25% → $1k - $10k
0.75%^*	$10k^*	-	182 Day CD
OTHER TIERS: 0.50% → $1k - $10k
0.65%^*	$10k^*	-	91 Day CD
OTHER TIERS: 0.40% → $1k - $10k

State Central Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.02%^*	$10k^*	-	60 Month IRA
OTHER TIERS: 2.52% → $1k - $10k
2.77%^*	$10k^*	-	36 Month IRA
OTHER TIERS: 2.26% → $1k - $10k
2.77%^*	$10k^*	-	48 Month IRA
OTHER TIERS: 2.26% → $1k - $10k
2.52%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 2.01% → $1k - $10k
2.52%^*	$10k^*	-	30 Month IRA
OTHER TIERS: 2.01% → $1k - $10k
2.26%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 1.76% → $1k - $10k
1.76%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 1.25% → $1k - $10k
0.75%^*	$10k^*	-	182 Day IRA
OTHER TIERS: 0.50% → $1k - $10k
0.65%^*	$10k^*	-	91 Day IRA
OTHER TIERS: 0.40% → $1k - $10k

Locations

State Central Bank Locations
Farmington Branch	101 S. Second	Farmington, IA 52626
Stockport Branch	116 S. Main Street	Stockport, IA 52651
State Central Bank	612 1st St	Bonaparte, IA 52620
Bonaparte Branch	612 First Street	Bonaparte, IA 52620

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