Solon State Bank
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Data as of · sourced from FFIEC call reports. How we update
Solon State Bank is an FDIC-insured commercial bank headquartered in Solon, IA, established in 1932 (FDIC certificate 232), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $122.5M, down 1.9% from Q2 2025, the 183rd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 23.00% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 232
- Headquarters
- Solon, IA
- Established
- 1932
- Total assets, Q2 2026
- $122.5M
- Assets vs Q2 2025
- -1.9%
- Tier 1 leverage ratio, Q2 2026
- 23.00%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073921446
- Holding company
- SOLON FINANCIAL, INC.
- Asset rank in state
- 183rd of 225 in Iowa
Problem loans are rising at Solon State Bank. It reported $122 million in assets at June 30, 2026, down 1.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 11.69% of loans from 6.23% a year earlier. It loses about $2.69 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). On the other hand, it spends about 38 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 61 cents).
It lost $859,000 in the quarter. The non-owner-occupied commercial real estate book ($27 million) is worsening: 17.74% of it is past due or on nonaccrual, up from 8.28% a year earlier. Credit is the area to watch: it carries problem assets equal to 43.9% of the capital and reserves that would absorb them, 16.6 times the median of 2.6% for banks its size.
As of June 30, 2026, Solon State Bank reported a return on assets of -2.69%, a nonperforming-loan ratio of 11.69% and a Texas ratio of 43.92%. The figures come from its call report filed with the FFIEC.
Solon State Bank ranks as the 183rd largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.4% to $122.5M, loans rose 0.7% and deposits fell 0.2%. Commercial and industrial loans made up 32.1% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 31.0%. The FDIC Summary of Deposits lists 3 offices for it, in Solon, IA, Ely, IA and Tiffin, IA; its Solon office books 70% of its branch deposits. By the capital ratios in its Q2 2026 call report, Solon State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 126 S Market St, Solon, IA 52333
- County
- Johnson
- Metro Area
- Iowa City, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 17, 1932
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 15
- Domestic deposits
- $90.3M
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- $396K
- Average total assets
- $127.5M
- Average total loans
- $86.4M
- Average interest-bearing deposits
- $68.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 232
- Fed RSSD
- 185448
- Website
- www.solonstatebank.com →
- Parent Holding Company
- SOLON FINANCIAL, INC. (RSSD 1137903)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Solon State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Solon State Bank's total assets ranged from $119.2M (Q3 2023) to $128.4M (Q2 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$122.5M total assets against $124.9M; $94.6M total liabilities against $97.6M.
$84.7M net loans and leases against $78.8M; $90.3M total deposits against $85.4M.
$30.6M securities against $38.8M; $2.5M cash and balances due against $2.1M.
$1.8M total interest income against $1.9M; $453K total interest expense against $494K.
$1.4M net interest income against $1.4M.
$118K total noninterest income against $142K; $589K total noninterest expense against $618K.
$1.7M provision for credit losses against $250K.
-$859K net income against $662K.
-2.69% return on assets against 2.08%; 4.48% net interest margin against 4.79%.
23.00% tier 1 leverage ratio against 22.92%.
Inside the full Solon State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Solon State Bank rankings
Its closest position to the top of a national ranking is 20 of 3,640, for Texas Ratio; its furthest is 3,595 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -2.69% (Q2 2026) to 3.72% (Q4 2025) and its net interest margin ran from 4.48% (Q2 2026) to 5.74% (Q4 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 23.00% | -2.69% | 11.69% | 43.92% | 4.48% |
| Q1 2026 | 24.31% | 2.78% | 7.05% | 29.84% | 4.81% |
| Q4 2025 | 24.27% | 3.72% | 4.87% | 24.02% | 5.60% |
| Q3 2025 | 23.68% | 2.66% | 5.54% | 26.00% | 5.03% |
| Q2 2025 | 22.92% | 2.08% | 6.23% | 28.48% | 4.79% |
| Q1 2025 | 22.86% | 2.73% | 11.11% | 43.61% | 4.63% |
| Q4 2024 | 22.21% | 3.50% | 9.65% | 40.48% | 5.74% |
| Q3 2024 | 22.23% | 2.34% | 7.26% | 32.60% | 4.68% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Solon State Bank (main office) | Solon , IA | 52333 | $62.8M |
| Ely Branch | Ely , IA | 52227 | $16.3M |
| Tiffin Branch | Tiffin , IA | 52340 | $11.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 210 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 21 applications, 21 loans originated, $3.3M originated, across 1 states
- Period: Calendar year 2024. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $45K approved, $45K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2001 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Solon State Bank
What are Solon State Bank's total assets?
As of the Q2 2026 filing, Solon State Bank reported total assets of $122.5 million in its FFIEC call report.
Where is Solon State Bank headquartered?
It is headquartered in Solon, IA, United States.
When was Solon State Bank founded?
It was established in 1932, per the FDIC institution directory.
Is Solon State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #232). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Solon State Bank?
Solon State Bank's primary federal regulator is the FDIC.
How many branches does Solon State Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Solon State Bank's Texas Ratio?
Its Texas Ratio is 43.92% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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