The State Bank (IA)

Overview / Commentary
1902 Hill Avenue
Spirit Lake, IA 51360

The State Bank (IA) is headquartered in Spirit Lake and is the 212th largest bank in the state of Iowa. It is also the 4,295th largest bank in the nation. It was established in 1928 and as of September of 2021, it had grown to 12 employees at 2 locations. The State Bank (IA) has an A health rating.


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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

FDIC Certificate #13715
Year Established1928
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD2.8%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$79.3MM$74.3MM
LoansQ3 2021vs Q3 2020$28.9MM$33.5MM
DepositsQ3 2021vs Q3 2020$69.7MM$64.6MM
Equity CapitalQ3 2021vs Q3 2020$9.5MM$9.6MM
Loan Loss AllowanceQ3 2021vs Q3 2020$414.00K$384.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$677.00K$693.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$136.00K
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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

0.40%--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

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

0.05%--Now Account

The State Bank (IA) CD Rates

0.50%$1k-60 Month CD w/Semi Annual Interest
0.45%$1k-36 Month CD w/Semi Annual Interest
0.40%$1k-30 Month Power Saver CD
0.35%$1k-24 Month CD w/Semi Annual Interest
0.30%$1k-18 Month CD w/Semi Annual Interest
0.25%$1k-12 Month CD w/Semi Annual Interest
0.20%$1k-6 Month CD
0.20%$1k-9 Month CD
0.15%$1k-3 Month CD

The State Bank (IA) Locations
Terril Branch101 North State StreetTerril, IA 51364
The State Bank1902 Hill AvenueSpirit Lake, IA 51360

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