Palo Savings Bank in Palo, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Palo Savings Bank - Overview

  • General
  • FDIC Certificate #: 13990
    Status: Active
    Federal Reserve ID: 90047
    Bank Holding Company (Regulatory Top Holder): Bankers Equity Corporation (RSSDID: 1201596, Location: Sloan, IA)
    Date Established: January 01, 1908
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 8749
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: March 03, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 606 First Street, Palo, IA 52324
    County: Linn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $31.1 mil
    Equity capital: $4.4 mil
    Deposits held in domestic offices: $26.7 mil
    Return on assets (ROA): 1.78% ($0.6 mil)
    Quarterly return on assets: 1.95% ($0.6 mil)
    Return on Equity (ROE): 12.98% ($0.5 mil)
    Quarterly return on equity: 13.83% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.87% ($581.5 mil)
    Quarterly Pretax return on assets: 2.01% ($625.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $31,097Total assets
  • $2,144Cash and due from depository institutions
  • $746Interest-bearing balances
  • $11,543Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,700Net loans & leases
  • $187Loan loss allowance
  • $0Trading account assets
  • $290Bank premises and fixed assets
  • $143Other real estate owned
  • $0Goodwill and other intangibles
  • $31,097Life insurance assets
  • $277All other assets
  • $26,744Total liabilities and capital
  • $26,692Total liabilities
  • $21,001Total deposits
  • $26,692Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $52Subordinated debt
  • $4,353All other liabilities
  • $4,353Total equity capital
  • $4,353Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $900Surplus
  • $3,353Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8Income earned, not collected on loans
  • $0Earning assets
  • $186Long-term assets (5+ years)
  • $28,989Average Assets, year-to-date
  • $6,559Average Assets, quarterly
  • $30,975Volatile liabilities
  • $31,222Insider loans
  • $15,456FHLB advances
  • $31,336Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,232Restructured Loans and leases
  • $888Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,378Total interest income
  • $250Total interest expense
  • $1,128Net interest income
  • $13Provision for loan and lease losses
  • $124Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $28Additional noninterest income
  • $659Total noninterest expense
  • $367Salaries and employee benefits
  • $90Premises and equipment expense
  • $202Additional noninterest expense
  • $580Pre-tax net operating income
  • $0Securities gains (losses)
  • $29Applicable income taxes
  • $551Income before extraordinary items
  • $0Extraordinary gains - net
  • $551Net income attributable to bank
  • $0Net charge-offs
  • $551Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $467Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 12.98%Return on equity (ROE)
  • 1.98%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1300.00%Credit loss provision to net charge-offs
  • 593.00%Efficiency ratio
  • 52,636Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.75%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 2337.50%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 62.57%Net loans and leases to core deposits
  • 64.41%Equity capital to assets
  • 14.00%Core capital (leverage) ratio
  • 12.02%Tier 1 risk-based capital ratio
  • 24.37%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $30,975Average earning assets
  • $4,244Average equity
  • $27,915Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08749Palo Savings Bank606 First Street, Palo, IA 52324January 01, 1908Full Service Brick and Mortar

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