Bank · FDIC insured
State Savings Bank
Top CarrotA $291.9M bank headquartered in West Des Moines, IA, with 2 branches in Iowa. Best rates: savings 1.11% APY.
State Savings Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 83% of U.S. banks and credit unions
#13 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About State Savings Bank
Founded in 1894, State Savings Bank is a community bank rooted in Baxter, Iowa, with a second location in West Des Moines.
With a heritage in agricultural banking, the bank serves Polk, Dallas, and Jasper counties and nearby areas.
- Headquarters
- 4800 George Mills Civic Pkwy, West Des Moines, IA 50265
- FDIC certificate
- 248 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
- State Savings BankMain office4800 George Mills Civic Pkwy, West Des Moines, IA 50265Directions
- Baxter Branch201-207 Main Street, Baxter, IA 50028Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.67% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.02% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.26% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $106 | $81 | — |
- CapitalLeverage ratio8.67%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.02%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.26%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$106Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of State Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.