The State Bank of Toledo

Headquarters

100 East High
Toledo, IA 52342
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.10% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The State Bank of Toledo is an FDIC insured institution located in Toledo, IA. It was founded in 1927 and has approximately $0.12 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 4514
Date Established 1927
Assets $ 115.32 million
Loans $ 100.81 million
Deposits $ 104.51 million
Capital $ 10.51 million
 

For a more detailed analysis of The State Bank of Toledo's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 9, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn More
6 Mo CD
0.05% $1,000 - Learn More
12 Mo CD
0.10% $1,000 - Learn More
18 Mo CD
0.40% $1,000 - Learn More
Special: 24 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.50% $1,000 - Learn More
30 Mo CD
0.30% $1,000 - Learn More
36 Mo CD
0.55% $1,000 - Learn More
48 Mo CD
0.75% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.70% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - July 9, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for The State Bank of Toledo

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to The State Bank of Toledo
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Branches

The State Bank of Toledo branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


The State Bank of Toledo Locations


Financial Details

The State Bank of Toledo Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The State Bank of Toledo. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The State Bank of Toledo U.S. Bank Average
47.38% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, The State Bank of Toledo had $5,904,000 in non-current loans and $16,000 in owned real estate. To cover these potential losses it had $10,508,000 in equity and $1,986,000 in loans loss reserves. That gives it a Texas Ratio of 47.38%.

Return on Equity
The State Bank of Toledo U.S. Bank Average
15.44% 9.41%

The State Bank of Toledo has a Return on Equity of 15.44% versus the BestCashCow average of 9.41%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The State Bank of Toledo U.S. Bank Average
9.11% 12.82%

The State Bank of Toledo has a Capitalization of 9.11% versus the BestCashCow average of 12.82. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The State Bank of Toledo Balance Sheet Analysis

As of December 31, 2019, The State Bank of Toledo had assets of $115,319,000, loans of $100,809,000, and deposits of $104,505,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 7.34 million
Interest-bearing balances $ 5.24 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 1.90 million
Net loans and leases $ 100.81 million
Loan loss allowance $ 1.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles N.A.
All other assets $ 3.18 million
     Total Assets $ 104.81 million
LIABILITIES
Total deposits $ 104.51 million
      Interest-bearing deposits $ 72.61 million
      Deposits held in domestic offices $ 104.51 million
      % insured (estimated) 86.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.31 million
      Total Liabilities $ 104.81 million
      Shareholders’ Equity $ 10.51 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.32 million
Total Interest Expense $ 0.70 million
Net interest income $ 4.62 million
Provision for loan and lease losses $ 0.26 million
Total non interest income $ 0.75 million
Total non interest expense $ 3.41 million
Pre-tax Net Operating Income $ 1.70 million

Bank Loan Profile?

The top three loan types in The State Bank of Toledo’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Small Business Loans.

Compared to other banks in Iowa, The State Bank of Toledo has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 32.83
Multifamily
Mortgages
0.10
Credit Card Loans 0.26
Consumer Auto Loans 3.25
Small Business Loans 11.80
Construction and Development Loans 0.00
Commercial Real Estate 11.80
Commercial and Industrial Loans 4.75
Farm Loans 12.10

Frequently Asked Questions About The State Bank Of Toledo

Branches and Savings

Is The State Bank Of Toledo FDIC insured?

Yes. It is covered under FDIC Certificate #4514.

Why does The State Bank Of Toledo pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The State Bank Of Toledo CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The State Bank Of Toledo a commercial bank?

Yes

Where are The State Bank Of Toledo locations?

See branch locations nearby.

Is The State Bank Of Toledo open on Saturdays?

Is The State Bank Of Toledo open on Sundays?

What time does The State Bank Of Toledo open?

What time does The State Bank Of Toledo close?

Are The State Bank Of Toledo ATMs Open 24/7?

Do The State Bank Of Toledo ATMs accept cash deposits?

Can The State Bank Of Toledo customers use other ATMs?

Do The State Bank Of Toledo branches have notaries?

Will The State Bank Of Toledo notarize my document?

What address for The State Bank Of Toledo should I put for incoming ACH transfers?

Will the The State Bank Of Toledo branch print checks?

Do The State Bank Of Toledo checks expire?

Does The State Bank Of Toledo require US citizenship to open account?

Can The State Bank Of Toledo close my account?

Does The State Bank Of Toledo Report to credit bureaus?

Does The State Bank Of Toledo Use Equifax?

What is The State Bank Of Toledo's ACH Routing Number?

What is The State Bank Of Toledo's SWIFT code?

Products

Does The State Bank Of Toledo offer mortgages?

Compare mortgage rates here.

Does The State Bank Of Toledo offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The State Bank Of Toledo offer personal loans?

Compare personal loan rates here.

Does The State Bank Of Toledo offer student loans?

Will The State Bank Of Toledo cash a check?

Will The State Bank Of Toledo redeem a savings bond?

Does The State Bank Of Toledo cash savings bonds?

Will The State Bank Of Toledo cash money orders?

Can The State Bank Of Toledo issue a money order?

Does The State Bank Of Toledo do currency exchange?

Background on The Bank

Who owns The State Bank Of Toledo?

How long has The State Bank Of Toledo been around?

Can The State Bank Of Toledo transfer to other banks?

Does The State Bank Of Toledo have quick pay?

Does The State Bank Of Toledo accept rolled coins?

Will The State Bank Of Toledo accept loose change?

Where is The State Bank Of Toledo headquarters?

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