The State Bank is a bank based in Spirit Lake, Iowa, established in 1928, with $91 million in total assets across 2 branches. By Trust Grade it ranks 185th of 226 banks we track in Iowa. Its capital ratio of 8.0% trails most similarly sized banks (11th percentile), versus a Iowa median of 10.2%. It was profitable over the most recent period, with a 1.08% return on assets. No consumer complaints against The State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The State Bank compares to Iowa peers
How we graded The State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.0% capital ratio)
- Strongly profitable (ROA 1.08%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 101 N State St, Terril, IA 51364
- 1902 Hill Ave, Spirit Lake, IA 51360
Are deposits at The State Bank insured?
Yes. The State Bank is an FDIC-insured bank (FDIC certificate #13715). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The State Bank: frequently asked questions
Is The State Bank a good bank?
The State Bank earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Well-capitalized (8.0% capital ratio); Strongly profitable (ROA 1.08%).
Is The State Bank FDIC-insured?
Yes. The State Bank is a FDIC-insured bank (FDIC certificate #13715). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The State Bank?
The State Bank holds $91 million in total assets, ranking 185th of 226 banks we track in Iowa. It operates 2 branches.
Does The State Bank have CFPB complaints?
No CFPB complaints against The State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
