Banks | South Story Bank & Trust

South Story Bank & Trust


South Story Bank & Trust is an FDIC insured institution headquartered at 501 Linn St, Slater, IA 50244.
It was founded in 1954 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.05% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.40% $10,000 Compare
6 Mo CD
0.40% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.55% $10,000 Compare
18 Mo CD
0.55% $100,000 Compare
24 Mo CD
0.65% $10,000 Compare
24 Mo CD
0.65% $100,000 Compare
36 Mo CD
1.10% $10,000 Compare
36 Mo CD
1.10% $100,000 Compare
48 Mo CD
1.20% $10,000 Compare
48 Mo CD
1.20% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.25% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17348
Date Established 1954
Assets $ 558.55 million
Loans $ 509.50 million
Deposits $ 455.40 million
Capital $ 62.45 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 21.11 million
Interest-bearing balances $ 19.44 million
Total securities $ 7.85 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 509.50 million
Loan loss allowance $ 4.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 8.03 million
All other assets $ 2.36 million
     Total Assets $ 496.10 million

LIABILITIES
Total deposits $ 455.40 million
      Interest-bearing deposits $ 398.63 million
      Deposits held in domestic offices $ 455.40 million
      % insured (estimated) 57.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 15.00 million
Subordinated debt N.A.
All other liabilities $ 0.53 millionn
      Total Liabilities $ 496.10 million
      Shareholders’ Equity $ 62.45 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 15.61 million
Total Interest Expense $ 8.45 million
Net interest income $ 7.16 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.56 million
Total non interest expense $ 6.56 million
Pre-tax Net Operating Income $ 1.29 million

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South Story Bank & Trust Locations

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