The State Bank (IA)

Overview / Commentary

www.statebankspiritlake.com

712-336-2455

1902 Hill Avenue
Spirit Lake, IA 51360

The State Bank (IA) is headquartered in Spirit Lake and is the 216^th largest bank in the state of Iowa. It is also the 4,404^th largest bank in the nation. It was established in 1928 and as of June of 2020, it had grown to 13 employees at 2 locations. The State Bank (IA) has a B health rating.

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Health

Data as of Q2 2020

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Additional 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	13
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.37%
Return on Equity - YTD	2.89%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$73.1MM$75.3MM
Loans	Q2 2020vs Q2 2019	$35.0MM$36.1MM
Deposits	Q2 2020vs Q2 2019	$63.5MM$65.8MM
Equity Capital	Q2 2020vs Q2 2019	$9.5MM$9.2MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$898.00K$584.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$1.7MM$3.2MM
Real Estate Owned	Q2 2020vs Q2 2019	$281.00K$895.00K

Rates

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Money Market
Checking
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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
0.50%	-	-	IRA Savings
0.20%	-	-	Health Savings Account
0.15%^*	$100k^*	-	Navigator Account
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $100k
0.05%	-	-	Savings Account

The State Bank (IA) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$250k^*	-	Money Fund Account
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $100k \| 0.15% → $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

APY	MIN	MAX	ACCOUNT NAME
0.75%	$1k	-	60 Month CD w/Semi Annual Interest
0.65%	$1k	-	36 Month CD w/Semi Annual Interest
0.50%	$1k	-	30 Month Power Saver CD
0.45%	$1k	-	24 Month CD w/Semi Annual Interest
0.40%	$1k	-	18 Month CD w/Semi Annual Interest
0.35%	$1k	-	12 Month CD w/Semi Annual Interest
0.25%	$1k	-	9 Month CD
0.20%	$1k	-	3 Month CD
0.20%	$1k	-	6 Month CD

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

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