Overview / Commentary
The Shelby County State Bank is headquartered in HARLAN and is the 53rd largest bank in the state of Iowa. It is also the 1,656th largest bank in the nation. It was established in 1909 and as of June of 2024, it had grown to 83 employees at 14 locations. The Shelby County State Bank has an A health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1553 |
| Year Established | 1909 |
| Employees | 83 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 8.09% |
| Annual Interest Income | $12.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $551.6MM$524.9MM |
| Loans | Q2 2024vs Q2 2023 | $354.8MM$324.9MM |
| Deposits | Q2 2024vs Q2 2023 | $495.8MM$471.3MM |
| Equity Capital | Q2 2024vs Q2 2023 | $53.5MM$52MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $4.1MM$3.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $726K$321K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
