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State Savings Bank


Overview / Commentary
www.ssb.bank
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 128th largest bank in the state of Iowa. It is also the 2,870th largest bank in the nation. It was established in 1894 and as of June 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 Q2 2024

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Health Grade Components

Overall
FDIC Certificate #248
Year Established1894
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD10.84%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$226.6MM$210.3MM
LoansQ2 2024vs Q2 2023$201.1MM$178.4MM
DepositsQ2 2024vs Q2 2023$165.4MM$154.8MM
Equity CapitalQ2 2024vs Q2 2023$22.2MM$20.8MM
Loan Loss AllowanceQ2 2024vs Q2 2023$3.2MM$2.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$864K$172K
Real Estate OwnedQ2 2024vs Q2 2023$43K$369K
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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