Overview / Commentary
State Savings Bank is headquartered in WEST DES MOINES and is the 129th largest bank in the state of Iowa. It is also the 2,837th largest bank in the nation. It was established in 1894 and as of September of 2024, it had grown to 32 employees at 2 locations. State Savings Bank has an A+ health rating.
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Health
A+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 248 |
| Year Established | 1894 |
| Employees | 32 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 11.38% |
| Annual Interest Income | $10.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $236.3MM$205MM |
| Loans | Q3 2024vs Q3 2023 | $209.9MM$180.8MM |
| Deposits | Q3 2024vs Q3 2023 | $170.4MM$151MM |
| Equity Capital | Q3 2024vs Q3 2023 | $22.5MM$20.8MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.3MM$2.7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $141K$1.4MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $188K$0 |