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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 142nd largest bank in the state of Iowa. It is also the 3,093rd largest bank in the nation. It was established in 1894 and as of March of 2023, 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 Q1 2023

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Health Grade Components

Overall
FDIC Certificate #248
Year Established1894
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD8.65%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$193.9MM$193.6MM
LoansQ1 2023vs Q1 2022$167.5MM$144.4MM
DepositsQ1 2023vs Q1 2022$145.0MM$151.6MM
Equity CapitalQ1 2023vs Q1 2022$20.8MM$20.0MM
Loan Loss AllowanceQ1 2023vs Q1 2022$2.5MM$2.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$140.00K$472.00K
Real Estate OwnedQ1 2023vs Q1 2022$335.00K$0
Rates

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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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