Solon State Bank
Solon, Iowa · FDIC Cert #232
Solon State Bank is an FDIC-insured bank (Certificate #232) with $128M in total assets and $96M in total deposits as of the Q2 2024 Call Report. Headquartered in Solon, Iowa, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 12.19%. BankHealthData assigns a composite Health Grade of D (35/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Solon State Bank (FDIC cert 232) is a community bank — $128M in total assets, $96M in deposits, serving the Solon, Iowa area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality shows stress: non-performing loan ratio of 12.19% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is comfortable: 37.5% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is strong: return on assets of 2.23% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Solon State Bank carries a composite BankHealth grade of D (35/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Solon State Bank
- Total Assets
- $128M
- Total Deposits
- $96M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 12.19%
- Liquidity Ratio
- 37.46%
- Return on Assets
- 2.23%
- Headquarters
- Solon, Iowa
- FDIC Certificate
- #232
- Health Grade
- D (35/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Solon State Bank holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Solon State Bank to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Solon State Bank shows some financial weakness with a Health Score of 35/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Solon State Bank Compares
Solon State Bank’s Health Score of 35 is 33 points below the Iowa state average of 68 across 162 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 12.19% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 2.23% is in line with or above the national ROA benchmark of ~1.1%. Among 1267 similarly-sized banks, the average Health Score is 68, meaning this bank ranks below its size cohort. Site-wide, Solon State Bank is 35 points below the portfolio average of 70.
Frequently Asked Questions
Solon State Bank has a Bank Health Score of D (35/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Solon State Bank's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 12.19% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Solon State Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #232). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Solon State Bank holds $128M in total assets and $96M in total deposits. It is headquartered in Solon, Iowa (FDIC Certificate #232).
Solon State Bank has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 12.19%, and the return on assets is 2.23%.
Yes. Solon State Bank is FDIC-insured (Certificate #232). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Solon State Bank shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.