SBA lender profile
Central State Bank
Central State Bank appears in the public SBA loan data with 22 funded 7(a) loans totaling $12.0M, an average of $547K per loan, and an estimated 169 jobs supported. Its SBA lending concentrates in Alabama and the Health Care and Social Assistance sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
22
Total volume
$12.0M
Average loan size
$547K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
169
Programs
7(a)
Bank profile
via FDIC- Total assets
- $562M
- Headquarters
- State Center, IA
- FDIC cert
- #10903
- Status
- Active
Where Central State Bank lends
Top states by funded SBA volume.
What Central State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 6 | $6.3M |
| Retail Trade | 7 | $1.9M |
| Arts, Entertainment, Recreation | 1 | $1.8M |
| Accommodation and Food Services | 3 | $1.3M |
| Manufacturing | 2 | $361K |
| Educational Services | 1 | $207K |
Central State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 4 | $2.2M |
| 2022 | 4 | $6.0M |
| 2023 | 5 | $1.7M |
| 2024 | 4 | $1.6M |
| 2025 | 4 | $555K |
| 2026 | 1 | $77K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Central State Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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