State Savings Bank (Bedford, IA)
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Data as of · sourced from FFIEC call reports. How we update
State Savings Bank is an FDIC-insured commercial bank headquartered in Bedford, IA, established in 1915 (FDIC certificate 14773), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $207.2M, up 9.0% from Q2 2025, the 139th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.04% 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
- 14773
- Headquarters
- Bedford, IA
- Established
- 1915
- Total assets, Q2 2026
- $207.2M
- Assets vs Q2 2025
- +9.0%
- Tier 1 leverage ratio, Q2 2026
- 10.04%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 073915818
- Latest call report
- Q2 2026, FFIEC 051 · State Savings Bank call report
- Holding company
- SSB BANCORP, INC.
- Asset rank in state
- 139th of 225 in Iowa
Problem loans are rising at State Savings Bank. It reported $207 million in assets at June 30, 2026, up 9.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.72% of loans from 0.38% a year earlier. It spends about 36 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also earns about $1.99 a year on every $100 of assets, higher than about three-quarters of banks its size (median $1.28).
Earnings jumped: net income for the quarter was $1.0 million, 54% above the same quarter a year earlier. Funding is the softer spot: it pays an average of 2.23% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, State Savings Bank reported a return on assets of 1.99%, a nonperforming-loan ratio of 0.72% and a Texas ratio of 6.21%. The figures come from its call report filed with the FFIEC.
State Savings Bank ranks as the 139th 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 0.7% to $207.2M, loans rose 3.2% and deposits fell 0.7%. 1-4 family residential loans made up 31.9% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 26.8%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in IA; its Bedford office books 54% of its branch deposits. By the capital ratios in its Q2 2026 call report, State Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 612 Central Ave, Bedford, IA 50833
- County
- Taylor
- 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
- January 1, 1915
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 26
- Domestic deposits
- $181.3M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- $50K
- Average total assets
- $207.2M
- Average total loans
- $183.2M
- Average interest-bearing deposits
- $145.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 29, 1934
- FDIC Cert
- 14773
- Fed RSSD
- 792640
- SEC CIK
- 1980531 → filed by SSB BANCORP, INC.
- Website
- www.statesavings.bank →
- Parent Holding Company
- SSB BANCORP, INC. (RSSD 1203022)
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, State Savings 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, State Savings Bank's total assets ran between $172.9M (Q4 2023) and $208.6M (Q1 2026), 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
$207.2M total assets against $190.0M; $184.0M total liabilities against $167.8M.
$183.8M net loans and leases against $171.8M; $181.3M total deposits against $165.0M.
$0 securities against $2.0M; $16.2M cash and balances due against $8.3M.
$3.1M total interest income against $2.9M; $1.0M total interest expense against $1.1M.
$2.1M net interest income against $1.8M.
$114K total noninterest income against $114K; $1.0M total noninterest expense against $1.1M.
$150K provision for credit losses against $150K.
$1.0M net income against $669K.
1.99% return on assets against 1.39%; 4.24% net interest margin against 3.98%.
10.04% tier 1 leverage ratio against 9.94%.
Inside the full State Savings 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
State Savings Bank rankings
Its closest position to the top of a national ranking is 99 of 3,606, for efficiency ratio; its furthest is 2,917 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.02% (Q3 2024) to 1.99% (Q2 2026) and its net interest margin ran from 3.71% (Q1 2025) to 4.30% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.04% | 1.99% | 0.72% | 6.21% | 4.24% |
| Q1 2026 | 10.40% | 1.57% | 0.86% | 7.23% | 4.19% |
| Q4 2025 | 10.30% | 1.59% | 0.62% | 5.37% | 4.30% |
| Q3 2025 | 10.64% | 1.53% | 0.55% | 4.47% | 4.20% |
| Q2 2025 | 9.94% | 1.39% | 0.38% | 3.26% | 3.98% |
| Q1 2025 | 10.18% | 1.38% | 0.19% | 1.63% | 3.71% |
| Q4 2024 | 10.00% | 1.04% | 0.23% | 2.04% | 4.01% |
| Q3 2024 | 10.63% | 1.02% | 0.31% | 2.57% | 4.13% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| State Savings Bank (main office) | Bedford , IA | 50833 | $97.5M |
| Valley B & T Branch | Cherokee , IA | 51012 | $44.2M |
| Creston Branch | Creston , IA | 50801 | $14.6M |
| Clearfield Branch | Clearfield , IA | 50840 | $13.2M |
| Valley Bank & Trust | Marcus , IA | 51035 | $11.8M |
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 |
|---|---|---|---|
| October 1, 2011 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2011 | Structure Change | Acquired Valley Bank & Trust 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 149 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $249K approved, $249K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2019 (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 Savings Bank
What are State Savings Bank's total assets?
As of the Q2 2026 filing, State Savings Bank reported total assets of $207.2 million in its FFIEC call report.
Where is State Savings Bank headquartered?
It is headquartered in Bedford, IA, United States.
When was State Savings Bank founded?
It was established in 1915, per the FDIC institution directory.
Is State Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14773). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Savings Bank?
State Savings Bank's primary federal regulator is the FDIC.
How many branches does State Savings Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Savings Bank's Texas Ratio?
Its Texas Ratio is 6.21% 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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