State Bank (Spencer, IA)
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Data as of · sourced from FFIEC call reports. How we update
State Bank is an FDIC-insured commercial bank headquartered in Spencer, IA, established in 1944 (FDIC certificate 16151), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $74.9M, down 0.6% from Q2 2025, the 205th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 13.56% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 16151
- Headquarters
- Spencer, IA
- Established
- 1944
- Total assets, Q2 2026
- $74.9M
- Assets vs Q2 2025
- -0.6%
- CET1 ratio, Q2 2026
- 13.56%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 073921954
- Latest call report
- Q2 2026, FFIEC 051 · State Bank call report
- Holding company
- EVERLY BANCORPORATION
- Asset rank in state
- 205th of 225 in Iowa
Problem loans are rising at State Bank. The Spencer, Iowa bank had $75 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.70% of loans from 0.12% a year earlier. It funds 8.31% of its assets with Tier 1 capital, lower than about 9 in 10 of the 583 banks with less than $100 million in assets (median 13.06%).
Net income for the quarter slipped 21% from a year earlier, to $201,000.
As of June 30, 2026, State Bank reported a CET1 capital ratio of 13.56%, a return on assets of 1.06%, a nonperforming-loan ratio of 0.70% and a Texas ratio of 5.30%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, State Bank is the 205th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.8% to $74.9M, loans rose 2.8% and deposits fell 1.0%. 1-4 family residential loans made up 42.2% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 19.8%. Its 3 offices in the FDIC Summary of Deposits are in Everly, IA, Spencer, IA and Peterson, IA; its Everly office books 45% of its branch deposits. On its Q2 2026 call report, State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 728 Grand Ave, Spencer, IA 51301
- County
- Clay
- Metro Area
- Spencer, IA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- May 1, 1944
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 13
- Domestic deposits
- $68.2M
- Allowance for credit losses
- $583K
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $75.8M
- Average total loans
- $50.6M
- Average interest-bearing deposits
- $53.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 1, 1944
- FDIC Cert
- 16151
- Fed RSSD
- 651149
- Website
- www.statebankspencer.com →
- Parent Holding Company
- EVERLY BANCORPORATION (RSSD 1205259)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, State Bank's total assets ran between $72.3M (Q1 2024) and $77.7M (Q4 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$74.9M total assets against $75.4M; $68.7M total liabilities against $69.3M.
$51.0M net loans and leases against $50.2M; $68.2M total deposits against $68.3M.
$8.2M securities against $10.7M; $11.3M cash and balances due against $10.6M.
$985K total interest income against $946K; $239K total interest expense against $276K.
$746K net interest income against $670K.
$135K total noninterest income against $170K; $679K total noninterest expense against $573K.
No provision recorded in the last 12 quarters.
$201K net income against $255K.
1.06% return on assets against 1.35%; 4.25% net interest margin against 3.74%.
13.56% CET1 capital ratio against 13.78%; 8.31% tier 1 leverage ratio against 8.29%.
Inside the full State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.53% (Q1 2026) to 1.41% (Q3 2025) and its net interest margin ran from 3.52% (Q3 2024) to 4.25% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.56% | 1.06% | 0.70% | 5.30% | 4.25% |
| Q1 2026 | 13.72% | 0.53% | 0.71% | 5.29% | 4.13% |
| Q4 2025 | 13.49% | 0.84% | 1.61% | 11.80% | 4.06% |
| Q3 2025 | 13.71% | 1.41% | 0.22% | 1.59% | 3.98% |
| Q2 2025 | 13.78% | 1.35% | 0.12% | 0.91% | 3.74% |
| Q1 2025 | 14.19% | 1.13% | 0.40% | 2.84% | 3.55% |
| Q4 2024 | 13.20% | 1.11% | 0.22% | 1.63% | 3.55% |
| Q3 2024 | 13.16% | 0.97% | 0.25% | 1.89% | 3.52% |
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 |
|---|---|---|---|
| 301 North Main Street Branch | Everly , IA | 51338 | $30.4M |
| State Bank (main office) | Spencer , IA | 51301 | $27.0M |
| Peterson Branch | Peterson , IA | 51047 | $10.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 1, 1984 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 1984 | Structure Change | Acquired Peterson State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 228 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $540K approved, $540K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2014 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 State Bank
What are State Bank's total assets?
As of the Q2 2026 filing, State Bank reported total assets of $74.9 million in its FFIEC call report.
Where is State Bank headquartered?
It is headquartered in Spencer, IA, United States.
When was State Bank founded?
It was established in 1944, per the FDIC institution directory.
Is State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16151). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank?
State Bank's primary federal regulator is the Federal Reserve.
What is State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.56% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does 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 State Bank's Texas Ratio?
Its Texas Ratio is 5.30% 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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