The State Bank

Major Rating Factors: Excellent current capitalization (10.0 on a scale of 0 to 10) and a capital leverage ratio of 11.3. A current level of 2.6 percent of nonperforming loans to core capital combined with 14.4 percent from a year earlier contributes to the Excellent asset quality (7.9).

Other Rating Factors: A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.8 on a scale of 0 to 10). Fair liquidity 3.7, driven by a liquidity ratio of 37.6 percent and a “hot money” ratio of 22.5 percent.

Asset Mix: Securities (40%), home mtgs (21%), comm re (11%), comm loans (4%), cash (3%), consumer loans (1%), home eq lns (1%), other (18%)

States with Branches: IA

Asset Quality

Non-Performing Loans to Capital

2.61%

Non-Performing Assets to Assets

0.34%

Non-Performing Loans to Loans

1.32%

Loan Loss Reserves to Loans

3.20%

Charge-Offs to Average Loans

-1.26%

5-Year Charge-Offs to Average Loans

0.91%

5-Year Asset Growth

2.59%

1-Year Asset Growth

1.45%

Profitability

Operating Profit to Average Assets

0.54%

Return on Equity

9.18%

Net Interest Spread

2.53%

5-Year ROAA (Return on Average Assets)

0.39%

Overhead Efficiency Ratio

80.56%

Liquidity

Liquidity Ratio

37.63%

Hot Money

22.49%

Corporate Info

Group Affiliation

State Banco, Ltd.

Investment Rating

Address

1902 Hill Avenue
Spirit Lake, IA 51360

Phone Number

(712) 336-2455

Year Founded

1928

FDIC Number

13715

Website

http://www.statebankspiritlake.com

Largest Affiliates

No affiliate information available.