Bank · FDIC insured
The State Bank
A $88.4M bank headquartered in Spirit Lake, IA, with 2 branches in Iowa. Best rates: CDs 4.04% and savings 0.15% APY.
The State Bank Carrot Score
68
Carrot Score
Higher than 20% of U.S. banks and credit unions
#3 of 3 in Spirit Lake, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About The State Bank
Chartered in 1928 as The State Bank of Terril, the institution moved its charter to Spirit Lake in 1965 and became The State Bank.
Locally owned and operated as an Iowa independent commercial bank, it serves Spirit Lake and Terril with branches in both communities.
- Headquarters
- 1902 Hill Ave, Spirit Lake, IA 51360
- FDIC certificate
- 13715 ↗
Branches
2 branches in Iowa
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Iowa
2 branches
- The State BankMain office1902 Hill Ave, Spirit Lake, IA 51360Directions
- Terril Branch101 N State St, Terril, IA 51364Directions
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 | 11.73% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 0.00% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 1.18% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $54 | $67 | — |
- CapitalLeverage ratio11.73%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets1.18%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$54Peers’ middle $67
Compared with the 546 banks with under $100 million 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 The State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.