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 WWW:http://www.palosavingsbank.com 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
No
ID
Name
Address
Established
Service Type
Map
0
8749
Palo Savings Bank
606 First Street, Palo, IA 52324
January 01, 1908
Full Service Brick and Mortar
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