The State Bank (IA)
LOCATIONS
2
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HEALTH RATING
A
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CURRENT TOP RATE
2.26% APY
60 Month CD w/Semi Annual Interest
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.26% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.51% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.05% | Savings | 0.27% - National Average |
Overview / Commentary
The State Bank (IA) is headquartered in Spirit Lake and is the 221st largest bank in the state of Iowa. It is also the 4,519th largest bank in the nation. It was established in 1928 and as of December of 2018, it had grown to 14 employees at 2 locations. The State Bank (IA)'s CD rates are 68% higher than the national average, and it has an A health rating.
Health
A
Data as of Q4 2018
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 | 14 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 4.5% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $75.4MM$72.5MM |
| Loans | Q4 2018vs Q4 2017 | $46.9MM$50.8MM |
| Deposits | Q4 2018vs Q4 2017 | $66.4MM$63.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $8.8MM$8.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $962.00K$843.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $0$396.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $908.00K$582.00K |
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 |