State Bank is a state-chartered bank (fed member) headquartered in Spencer, Iowa, in business for about 82 years. At the end of Q2 2026 it reported $74.9M in total assets and $68.2M in deposits, with 3 offices.
Based on its Q2 2026 filing, State Bank scores 61/100, which we describe as moderate. That is higher than only 19% of 546 banks with under $100 million in assets. Among 226 banks headquartered in Iowa, it ranks 191st. Its strongest component is problem-loan coverage (89/100; 5.3%), and its lowest is capital cushion (33/100; 8.31%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 10 points (71 → 61), mostly because the loan quality component weakened by 19 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 64 |
| Q3 2024 | 69 |
| Q4 2024 | 69 |
| Q1 2025 | 68 |
| Q2 2025 | 71 |
| Q3 2025 | 71 |
| Q4 2025 | 56 |
| Q1 2026 | 60 |
| Q2 2026 | 61 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.60% |
| Q3 2024 | 8.15% |
| Q4 2024 | 8.09% |
| Q1 2025 | 8.10% |
| Q2 2025 | 8.29% |
| Q3 2025 | 8.46% |
| Q4 2025 | 8.51% |
| Q1 2026 | 8.43% |
| Q2 2026 | 8.31% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.89% |
| Q3 2024 | 0.25% |
| Q4 2024 | 0.22% |
| Q1 2025 | 0.40% |
| Q2 2025 | 0.12% |
| Q3 2025 | 0.22% |
| Q4 2025 | 1.61% |
| Q1 2026 | 0.71% |
| Q2 2026 | 0.70% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.22% |
| Q3 2024 | 1.14% |
| Q4 2024 | 1.13% |
| Q1 2025 | 1.13% |
| Q2 2025 | 1.24% |
| Q3 2025 | 1.30% |
| Q4 2025 | 1.18% |
| Q1 2026 | 0.52% |
| Q2 2026 | 0.80% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 61 | $74.9M | 8.31% | 0.70% | 0.80% | 74.8% |
| Q1 2026 | 60 | $75.5M | 8.43% | 0.71% | 0.52% | 72.0% |
| Q4 2025 | 56 | $74.0M | 8.51% | 1.61% | 1.18% | 73.2% |
| Q3 2025 | 71 | $73.7M | 8.46% | 0.22% | 1.30% | 72.9% |
| Q2 2025 | 71 | $75.4M | 8.29% | 0.12% | 1.24% | 73.4% |
| Q1 2025 | 68 | $76.7M | 8.10% | 0.40% | 1.13% | 66.7% |
| Q4 2024 | 69 | $77.7M | 8.09% | 0.22% | 1.13% | 68.3% |
| Q3 2024 | 69 | $75.6M | 8.15% | 0.25% | 1.14% | 69.4% |
| Q2 2024 | 64 | $74.0M | 8.60% | 0.89% | 1.22% | 69.6% |
546 peers · Under $100 million in assets
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Farmers State BankBank Yale, IA | 90 out of 100, Very strong | $72.6M | 12.0% | 0.00% | vs |
| The Farmers State BankBank Marcus, IA | 88 out of 100, Very strong | $77.2M | 13.2% | 0.51% | vs |
| First State BankBank Nashua, IA | 79 out of 100, Strong | $72.5M | 10.7% | 0.00% | vs |
| First Heritage BankBank Shenandoah, IA | 79 out of 100, Strong | $72.1M | 10.2% | 0.00% | vs |
| Citizens Savings BankBank Marshalltown, IA | 74 out of 100, Strong | $77.9M | 9.9% | 0.00% | vs |
| Sloan State BankBank Sloan, IA | 53 out of 100, Below average | $78.9M | 10.9% | 4.28% | vs |
Deposit insurance
Is my money safe at State Bank?
Yes. State Bank is an FDIC-insured institution (FDIC certificate #16151). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.0% of deposits ($12.3M) are above the $250,000 FDIC insurance limit, close to the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.31%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.81% (benchmark: 10%).
3 locations
Branches
State Bank lists 3 offices in 3 cities. Most locations:
- Everly, IA (1)
- Peterson, IA (1)
- Spencer, IA (1)
Identity & history
Profile
- Legal name
- State Bank
- Former names
- Everly State Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 16151
- RSSD ID
- 651149
- Primary regulator
- FED
- Holding company
- Everly Bcorp
- Established
- May 1, 1944
- Headquarters
- 728 Grand Ave, Spencer, IA 51301
- Website
- www.statebankspencer.com
- Employees
- 13
Quick answers
State Bank: common questions
Is State Bank FDIC insured?
Yes. State Bank is an FDIC-insured institution (FDIC certificate #16151). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is State Bank's TellerScore?
61 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has State Bank ever failed?
There is no failure record for FDIC certificate #16151 in the FDIC failed bank list.
How many branches does State Bank have?
3 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Spencer
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Citizens Community Credit UnionCredit union Fort Dodge, IA | 88 out of 100, Very strong | $253.6M | 19.1% | 0.73% | vs |
| The State BankBank Spirit Lake, IA | 83 out of 100, Strong | $88.4M | 11.7% | 0.00% | vs |
| West Iowa BankBank West Bend, IA | 82 out of 100, Strong | $222.1M | 11.9% | 0.01% | vs |
| First State BankBank Webster City, IA | 81 out of 100, Strong | $674.3M | 12.4% | 0.12% | vs |
| Savings BankBank Primghar, IA | 80 out of 100, Strong | $304.8M | 13.6% | 0.32% | vs |
| Security State BankBank Sutherland, IA | 77 out of 100, Strong | $492.3M | 11.1% | 0.23% | vs |