The State Bank
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Data as of · sourced from FFIEC call reports. How we update
The State Bank is an FDIC-insured commercial bank headquartered in Spirit Lake, IA, established in 1928 (FDIC certificate 13715), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $88.4M, up 2.8% from Q2 2025, the 197th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.73% 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
- 13715
- Headquarters
- Spirit Lake, IA
- Established
- 1928
- Total assets, Q2 2026
- $88.4M
- Assets vs Q2 2025
- +2.8%
- Tier 1 leverage ratio, Q2 2026
- 11.73%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 073920997
- Holding company
- STATE BANCO, LTD.
- Asset rank in state
- 197th of 225 in Iowa
The State Bank, based in Spirit Lake, Iowa, reported $88 million in assets at June 30, 2026, up 2.8% from a year earlier. It keeps 2.84 cents of net interest income on every dollar of earning assets, lower than about three-quarters of the 583 banks with less than $100 million in assets (median 3.87 cents). It also shrank its loan book 5.9% over the year, lower than about three-quarters of banks its size (median 2.6%).
Earnings jumped: net income for the quarter was $282,000, 34% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $3.2 million equal 29% of Tier 1 capital, down from 39% a year earlier.
As of June 30, 2026, The State Bank reported a return on assets of 1.23%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 5.02%. The figures come from its call report filed with the FFIEC.
The State Bank ranks as the 197th 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 3.3% to $88.4M, loans rose 1.6% and deposits fell 4.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 39.5% of total loans, ahead of farmland and other real estate loans at 12.2%. Its 2 offices in the FDIC Summary of Deposits are in Spirit Lake, IA and Terril, IA; its Spirit Lake office books 83% of its branch deposits. By the capital ratios in its Q2 2026 call report, The State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1902 Hill Ave, Spirit Lake, IA 51360
- County
- Dickinson
- Metro Area
- Spirit Lake, 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- October 5, 1928
- Former names
- The State Bank (1965)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 11
- Domestic deposits
- $80.3M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $12K
- Average total assets
- $91.4M
- Average total loans
- $42.6M
- Average interest-bearing deposits
- $68.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 20, 1934
- FDIC Cert
- 13715
- Fed RSSD
- 550448
- Website
- www.statebankspiritlake.com →
- Parent Holding Company
- STATE BANCO, LTD. (RSSD 1245200)
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, The State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, The State Bank's total assets ran between $82.1M (Q3 2024) and $91.4M (Q1 2026), 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
$88.4M total assets against $86.0M; $80.7M total liabilities against $79.6M.
$41.8M net loans and leases against $44.3M; $80.3M total deposits against $79.2M.
$34.3M securities against $31.5M; $9.3M cash and balances due against $7.5M.
$946K total interest income against $933K; $330K total interest expense against $386K.
$616K net interest income against $547K.
$54K total noninterest income against $28K; $382K total noninterest expense against $349K.
$0 provision for credit losses against $5K.
$282K net income against $210K.
1.23% return on assets against 0.98%; 2.84% net interest margin against 2.58%.
11.73% tier 1 leverage ratio against 11.77%.
Inside the full The State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeQuarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.10% (Q4 2025) to 1.57% (Q4 2024) and its net interest margin ran from 2.29% (Q4 2024) to 2.84% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.73% | 1.23% | 0.00% | 5.02% | 2.84% |
| Q1 2026 | 11.35% | 1.05% | 0.00% | 5.22% | 2.73% |
| Q4 2025 | 10.99% | 0.10% | 0.00% | 5.21% | 2.71% |
| Q3 2025 | 11.32% | 0.74% | 0.00% | 5.35% | 2.66% |
| Q2 2025 | 11.77% | 0.98% | 0.00% | 0.00% | 2.58% |
| Q1 2025 | 11.82% | 0.49% | 0.00% | 0.00% | 2.32% |
| Q4 2024 | 11.71% | 1.57% | 0.00% | 0.00% | 2.29% |
| Q3 2024 | 11.81% | 0.62% | 0.00% | 0.00% | 2.60% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| The State Bank | Spirit Lake , IA | 51360 | $66.5M |
| Terril Branch | Terril , IA | 51364 | $13.8M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 218 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $220K approved, $220K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (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 The State Bank
What are The State Bank's total assets?
As of the Q2 2026 filing, The State Bank reported total assets of $88.4 million in its FFIEC call report.
Where is The State Bank headquartered?
It is headquartered in Spirit Lake, IA, United States.
When was The State Bank founded?
It was established in 1928, per the FDIC institution directory.
Is The State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13715). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The State Bank?
The State Bank's primary federal regulator is the FDIC.
How many branches does The State Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The State Bank's Texas Ratio?
Its Texas Ratio is 5.02% 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.
What was The State Bank previously called?
The charter now named The State Bank has also operated as The State Bank (1965), per FDIC structure-change records.
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