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


Pilot Grove Savings Bank - Overview

  • General
  • FDIC Certificate #: 9100
    Status: Active
    Federal Reserve ID: 585749
    Bank Holding Company (Regulatory Top Holder): Pilot Grove Savings Bank Employee Stock Ownership Plan (RSSDID: 1881532, Location: Pilot Grove, IA)
    Date Established: January 01, 1911
    WWW: http://www.pilotgrovesavingsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 11956
    FDIC's unique #: 5827
    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: January 01, 1934
    Last Structure Change Effective Date: November 18, 2011
    Last Structure Change Process Date: December 05, 2011
    Last Data Update: December 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1341 Pilot Grove Rd, Pilot Grove, IA 52648
    County: Lee
    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
    Core Based Statistical Area (CBSA): Fort Madison-Keokuk, IA-MO (#22800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $376.5 mil
    Equity capital: $37.3 mil
    Deposits held in domestic offices: $325.6 mil
    Return on assets (ROA): 1.54% ($5.8 mil)
    Quarterly return on assets: 1.00% ($3.8 mil)
    Return on Equity (ROE): 15.41% ($5.7 mil)
    Quarterly return on equity: 9.80% ($3.6 mil)
    Net income: $5.2 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.62% ($6,099.4 mil)
    Quarterly Pretax return on assets: 1.10% ($4,141.6 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
  • 75Total employees (full-time equivalent)
  • $376,507Total assets
  • $21,876Cash and due from depository institutions
  • $6,087Interest-bearing balances
  • $43,602Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $292,552Net loans & leases
  • $4,512Loan loss allowance
  • $0Trading account assets
  • $6,211Bank premises and fixed assets
  • $80Other real estate owned
  • $6,160Goodwill and other intangibles
  • $376,507Life insurance assets
  • $6,026All other assets
  • $339,238Total liabilities and capital
  • $325,649Total liabilities
  • $276,302Total deposits
  • $325,649Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 1729.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,860Subordinated debt
  • $37,269All other liabilities
  • $37,269Total equity capital
  • $37,269Total bank equity capital
  • $0Perpetual preferred stock
  • $625Common stock
  • $12,175Surplus
  • $24,469Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $583Income earned, not collected on loans
  • $0Earning assets
  • $3,194Long-term assets (5+ years)
  • $342,241Average Assets, year-to-date
  • $46,666Average Assets, quarterly
  • $337,792Volatile liabilities
  • $354,094Insider loans
  • $285,067FHLB advances
  • $348,699Loans and leases held for sale
  • $1,046Unused loan commitments
  • $1,046Tier 1 (core) risk-based capital
  • $30,343Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,394Restructured Loans and leases
  • $543Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,059Total interest income
  • $4,123Total interest expense
  • $11,936Net interest income
  • $1,000Provision for loan and lease losses
  • $2,138Total noninterest income
  • $5Fiduciary activities
  • $1,317Service charges on deposit accounts
  • $0Trading account gains & fees
  • $816Additional noninterest income
  • $7,585Total noninterest expense
  • $3,715Salaries and employee benefits
  • $983Premises and equipment expense
  • $2,887Additional noninterest expense
  • $5,489Pre-tax net operating income
  • $0Securities gains (losses)
  • $295Applicable income taxes
  • $5,194Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,194Net income attributable to bank
  • $0Net charge-offs
  • $5,194Cash dividends
  • $339Sale, conversion, retirement of capital stock, net
  • $2,219Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 15.41%Return on equity (ROE)
  • 8.83%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 294.99%Credit loss provision to net charge-offs
  • 19.14%Efficiency ratio
  • 53,311Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.72%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 773.93%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 92.06%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 10.64%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $337,792Average earning assets
  • $33,698Average equity
  • $306,002Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,013Managed Assets
  • 1Number of Accounts
  • $7,013Personal trust and agency accounts
  • $7,013Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 15Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 10 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05827Pilot Grove Savings Bank1341 Pilot Grove Rd, Pilot Grove, IA 52648January 01, 1911Full Service Brick and Mortar
    1219480Houghton Branch516 Main St., Houghton, IA 52631September 02, 1980Full Service Brick and Mortar
    27709Donnellson Branch521 N. Main Street, Donnellson, IA 52625January 01, 1898Full Service Brick and Mortar
    3219481West Point Branch509 Avenue D, West Point, IA 52656June 30, 1992Full Service Brick and Mortar
    411558Mount Pleasant Branch410 South Grand Avenue, Mount Pleasant, IA 52641January 01, 1888Full Service Brick and Mortar
    5242289Packwood Branch125 N. Main Street, Packwood, IA 52580May 27, 1997Full Service Brick and Mortar
    7203781Winfield Branch120 S. Locust St., Winfield, IA 52659April 19, 1999Full Service Brick and Mortar
    8465424Fort Madison Branch1802 Ave H, Suite 2, Fort Madison, IA 52627August 09, 2006Full Service Retail
    9171Fort Madison Branch619 9th Street, Fort Madison, IA 52627March 13, 1920Full Service Brick and Mortar
    10181368Fort Madison Branch4520 Avenue L, Fort Madison, IA 52627December 27, 1960Limited Service Facility

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