Solon State Bank
Solon, Iowa · FDIC Cert #232
This is the FDIC profile for Solon State Bank, an FDIC-insured bank (Certificate #232) with $128M in total assets and $96M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Solon, Iowa, the bank maintains a Tier 1 capital ratio of 21.58% (Well-Capitalized) and a nonperforming loan ratio of 12.19%. BankHealthData assigns a composite Health Grade of B (70/100) based on quarterly FDIC filings. 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.
Capital position is strong: Tier 1 capital ratio of 21.58% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. 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 B (70/100) 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
- 21.58%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 12.19%
- Liquidity Ratio
- 37.46%
- Return on Assets
- 2.23%
- Headquarters
- Solon, Iowa
- FDIC Certificate
- #232
- Health Grade
- B (70/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Solon State Bank files quarterly Call Reports with the FDIC under Certificate #232. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Solon State Bank holds a Tier 1 capital ratio of 21.58%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Solon State Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Solon State Bank shows strong financial health indicators. With $128M in assets and a Health Score of 70/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
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 70 is 9 points below the Iowa state average of 79 across 162 FDIC-insured banks. Its 21.58% Tier 1 capital ratio is 7.6 points above 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 82, meaning this bank ranks below its size cohort. Site-wide, Solon State Bank is 10 points below the portfolio average of 80.
Frequently Asked Questions
Solon State Bank has a Bank Health Score of B (70/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 21.58%, which is above 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 21.58% and nonperforming loan ratio of 12.19% indicate a low 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's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #232 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Solon State Bank has a Tier 1 capital ratio of 21.58%, classifying it as "Well-Capitalized." 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 B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Solon State Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.