State Savings Bank


Overview / Commentary
515-457-9533
4800 George Mills Civic Parkway, Suite 100
West Des Moines, IA 50265

State Savings Bank is headquartered in West Des Moines and is the 140th largest bank in the state of Iowa. It is also the 3,122nd largest bank in the nation. It was established in 1894 and as of June of 2022, it had grown to 29 employees at 2 locations. State Savings Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #248
Year Established1894
Employees29
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD10.52%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$196.8MM$197.6MM
LoansQ2 2022vs Q2 2021$151.4MM$135.1MM
DepositsQ2 2022vs Q2 2021$155.2MM$153.8MM
Equity CapitalQ2 2022vs Q2 2021$20.1MM$19.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.2MM$2.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$149.00K$577.00K
Real Estate OwnedQ2 2022vs Q2 2021$335.00K$0
Rates

Rates for State Savings Bank are currently being reviewed.

Locations


State Savings Bank Locations
Baxter Branch201-207 Main StreetBaxter, IA 50028
State Savings Bank4800 George Mills Civic PkwyWest Des Moines, IA 50265

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