The State Bank is a state-chartered bank headquartered in Spirit Lake, Iowa, in business for about 98 years. At the end of Q2 2026 it reported $88.4M in total assets and $80.3M in deposits, with 2 offices.
The State Bank has a TellerScore of 83 out of 100 (strong) based on Q2 2026 data — higher than 73% of its 546 banks with under $100 million in assets. Among 226 banks headquartered in Iowa, it ranks 46th. Loan quality contributes the most (100/100, 0.00%); earnings contributes the least (67/100, 1.18%).
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 rose 3 points (80 → 83), mostly because the earnings component improved by 17 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 65 |
| Q3 2024 | 81 |
| Q4 2024 | 82 |
| Q1 2025 | 78 |
| Q2 2025 | 80 |
| Q3 2025 | 77 |
| Q4 2025 | 75 |
| Q1 2026 | 80 |
| Q2 2026 | 83 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.71% |
| Q3 2024 | 11.81% |
| Q4 2024 | 11.71% |
| Q1 2025 | 11.82% |
| Q2 2025 | 11.77% |
| Q3 2025 | 11.32% |
| Q4 2025 | 10.99% |
| Q1 2026 | 11.35% |
| Q2 2026 | 11.73% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.68% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.87% |
| Q3 2024 | 0.79% |
| Q4 2024 | 0.99% |
| Q1 2025 | 0.49% |
| Q2 2025 | 0.74% |
| Q3 2025 | 0.75% |
| Q4 2025 | 0.58% |
| Q1 2026 | 1.08% |
| Q2 2026 | 1.18% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 83 | $88.4M | 11.73% | 0.00% | 1.18% | 52.1% |
| Q1 2026 | 80 | $91.4M | 11.35% | 0.00% | 1.08% | 49.2% |
| Q4 2025 | 75 | $88.8M | 10.99% | 0.00% | 0.58% | 52.8% |
| Q3 2025 | 77 | $89.2M | 11.32% | 0.00% | 0.75% | 50.8% |
| Q2 2025 | 80 | $86.0M | 11.77% | 0.00% | 0.74% | 56.0% |
| Q1 2025 | 78 | $85.2M | 11.82% | 0.00% | 0.49% | 53.9% |
| Q4 2024 | 82 | $82.4M | 11.71% | 0.00% | 0.99% | 56.1% |
| Q3 2024 | 81 | $82.1M | 11.81% | 0.00% | 0.79% | 57.9% |
| Q2 2024 | 65 | $83.5M | 11.71% | 1.68% | 0.87% | 56.5% |
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 |
|---|---|---|---|---|---|
| The First National Bank of ManningBank Manning, IA | 91 out of 100, Very strong | $87.7M | 15.0% | 0.00% | vs |
| First Security State BankBank Evansdale, IA | 58 out of 100, Moderate | $87.3M | 14.9% | 3.11% | vs |
| The Watkins Savings BankBank Watkins, IA | 87 out of 100, Very strong | $86.7M | 14.8% | 0.00% | vs |
| Logan State BankBank Logan, IA | 69 out of 100, Moderate | $92.2M | 9.1% | 0.35% | vs |
| Sanborn Savings BankBank Sanborn, IA | 70 out of 100, Strong | $92.7M | 9.3% | 0.01% | vs |
| Tri-Valley BankBank Randolph, IA | 36 out of 100, Low | $82.8M | 9.3% | 4.09% | vs |
Deposit insurance
Is my money safe at The State Bank?
Yes. The State Bank is an FDIC-insured institution (FDIC certificate #13715). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 15.4% 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 11.73%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
2 locations
Branches
The State Bank lists 2 offices in 2 cities. Most locations:
- Spirit Lake, IA (1)
- Terril, IA (1)
Identity & history
Profile
- Legal name
- The State Bank
- Former names
- State Bank of Terril
- Type
- State-chartered bank
- FDIC certificate #
- 13715
- RSSD ID
- 550448
- Primary regulator
- FDIC
- Holding company
- State Banco Ltd
- Established
- October 5, 1928
- Headquarters
- 1902 Hill Ave, Spirit Lake, IA 51360
- Website
- www.statebankspiritlake.com
- Employees
- 11
Quick answers
The State Bank: common questions
Is The State Bank FDIC insured?
Yes. The State Bank is an FDIC-insured institution (FDIC certificate #13715). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is The State Bank's TellerScore?
83 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has The State Bank ever failed?
There is no failure record for FDIC certificate #13715 in the FDIC failed bank list.
How many branches does The State Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Spirit Lake
| 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 |
| 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 |
| Worthington Federal Savings Bank, FSBBank Worthington, MN | 80 out of 100, Strong | $135.4M | 14.8% | 0.65% | vs |
| First National BankBank Oldham, SD | 77 out of 100, Strong | $477.8M | 18.4% | 2.01% | vs |
| Rolling Hills Bank & TrustBank Atlantic, IA | 77 out of 100, Strong | $484.4M | 11.8% | 0.30% | vs |