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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 125th largest bank in the state of Iowa. It is also the 2,775th largest bank in the nation. It was established in 1894 and as of March of 2025, it had grown to 31 employees at 2 locations. State Savings Bank has an A+ health rating.

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Health
A+

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #248
Year Established1894
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD13.43%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$246MM$228.8MM
LoansQ1 2025vs Q1 2024$220.3MM$200.7MM
DepositsQ1 2025vs Q1 2024$185.2MM$169.2MM
Equity CapitalQ1 2025vs Q1 2024$22.7MM$22.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$4.2MM$2.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$244K$3.2MM
Real Estate OwnedQ1 2025vs Q1 2024$163K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/9/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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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