About Us
The State Bank of Terril was chartered on October 13, 1928, when the bank building was purchased from the trustee of the closed First National Bank. The bank charter was moved to Spirit Lake in 1965, and a branch was retained in Terril. The name was changed to The State Bank recognizing that the bank serves two communities. The 1928 charter is the oldest continuous charter in Dickinson County.
The bank is operating in the same location today and combines technology and quality service in order to offer safe banking in the area, both rural and city.
The State Bank is proud to be an Iowa Independent Bank. We are a Commercial Bank that's owned and operated by local people whose concerns and interest are in seeing our community grow and prosper. If the "personal touch" appeals to you, then we're the bank you're looking for.
Statement of Condition
| Statement of Condition - 12/31/22 | |
|---|---|
ASSETS |
|
| Cash and Due from Banks | $1,667,000 |
| Securities | $36,407,000 |
| Loans | $41,924,000 |
| Federal Funds | $0 |
| Bank Building and Fixtures | $1,886,000 |
| Other Assets | $2,128,000 |
| TOTAL ASSETS | $84,012,000 |
LIABILITIES |
|
| Deposits | $74,743,000 |
| Federal Funds and Loans | $4,225,000 |
| Other Liabilities | $87,000 |
| TOTAL LIABILITIES | $79,055,000 |
CAPITAL FUNDS |
|
| Capital | $200,000 |
| Surplus | $800,000 |
| Unrealized Securities Gain | ($4,725,000) |
| Undivided Profits | $8,682,000 |
| TOTAL CAPITAL FUNDS | $4,957,000 |
| TOTAL LIABILITIES & CAPITAL FUNDS | $84,012,000 |
This financial information has not been reviewed or confirmed for accuracy or relevance by the Federal Deposit Insurance Corporation.
2023 Federal Reserve Bank Holidays
| Federal Reserve Bank Holidays | ||
|---|---|---|
| New Year's Day (observed) | Monday | January 2 |
| Martin Luther King Jr. Day | Monday | January 16 |
| Presidents' Day | Monday | February 20 |
| Memorial Day | Monday | May 29 |
| Juneteenth National Independence Day | Monday | June 19 |
| Independence Day | Tuesday | July 4 |
| Labor Day | Monday | September 4 |
| Columbus Day | Monday | October 9 |
| Veterans Day | Saturday | November 11 |
| Thanksgiving | Thursday | November 23 |
| Christmas | Monday | December 25 |
