Overview / Commentary
The State Bank (IA) is headquartered in Spirit Lake and is the 217th largest bank in the state of Iowa. It is also the 4,443rd largest bank in the nation. It was established in 1928 and as of June of 2019, it had grown to 16 employees at 2 locations. The State Bank (IA)'s CD rates are 40% higher than the national average, but it has a C health rating.
Health
C
Data as of Q2 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The State Bank (IA) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13715 |
| Year Established | 1928 |
| Employees | 16 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 6.59% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $75.3MM$74.3MM |
| Loans | Q2 2019vs Q2 2018 | $36.1MM$47.7MM |
| Deposits | Q2 2019vs Q2 2018 | $65.8MM$65.3MM |
| Equity Capital | Q2 2019vs Q2 2018 | $9.2MM$8.7MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $584.00K$637.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $3.2MM$751.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $895.00K$626.00K |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The State Bank (IA) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.51% | - | - | IRA Savings | ||
| 0.25%* | $100k* | - | Navigator Account | ||
| OTHER TIERS: 0.10% → Up to $50k | 0.15% → $50k - $100k | |||||
| 0.25% | - | - | Health Savings Account | ||
| 0.05% | - | - | Savings Account | ||
The State Bank (IA) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $250k* | - | Money Fund Account | ||
| OTHER TIERS: 0.10% → Up to $25k | 0.15% → $25k - $100k | 0.25% → $100k - $250k | |||||
The State Bank (IA) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Now Account |
The State Bank (IA) CD Rates
Locations
| The State Bank (IA) Locations | ||
|---|---|---|
| Terril Branch | 101 North State Street | Terril, IA 51364 |
| The State Bank | 1902 Hill Avenue | Spirit Lake, IA 51360 |