State Savings Bank

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

State Savings Bank is headquartered in WEST DES MOINES and is the 136th largest bank in the state of Iowa. It is also the 2,996th largest bank in the nation. It was established in 1894 and as of September of 2023, it had grown to 31 employees at 2 locations. State Savings Bank has an A health rating.


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Health Grade Components

FDIC Certificate #248
Year Established1894
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD10.07%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$205MM$183MM
LoansQ3 2023vs Q3 2022$180.8MM$154.7MM
DepositsQ3 2023vs Q3 2022$151MM$142.1MM
Equity CapitalQ3 2023vs Q3 2022$20.8MM$20.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$2.7MM$2.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1.4MM$145K
Real Estate OwnedQ3 2023vs Q3 2022$0$335K

Rates for State Savings Bank are currently being reviewed.


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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