FDIC Certificate #: 34507 Status: Active Federal Reserve ID: 2654911 Date Established: Febuary 12, 1998 WWW:http://www.principalbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14225 FDIC's unique #: 57785 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: Febuary 12, 1998 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 6200 Park Ave, Des Moines, IA 50321 County: Polk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Des Moines, IA (#2120) Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780) CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $2,410.2 mil Equity capital: $208.8 mil Deposits held in domestic offices: $2,193.3 mil Return on assets (ROA): 0.91% ($21.9 mil) Quarterly return on assets: 1.19% ($28.7 mil) Return on Equity (ROE): 11.07% ($23.1 mil) Quarterly return on equity: 13.88% ($29.0 mil) Net income: $21.8 mil Quarterly Net income: $7.2 mil Pretax return on assets: 1.40% ($33,742.1 mil) Quarterly Pretax return on assets: 1.79% ($43,141.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
98Total employees (full-time equivalent)
$2,410,151Total assets
$149,873Cash and due from depository institutions
$146,895Interest-bearing balances
$939,640Securities
$0Federal funds sold & reverse repurchase agreements
$1,267,110Net loans & leases
$40,192Loan loss allowance
$0Trading account assets
$362Bank premises and fixed assets
$9,375Other real estate owned
$0Goodwill and other intangibles
$2,410,151Life insurance assets
$43,791All other assets
$2,201,303Total liabilities and capital
$2,193,300Total liabilities
$2,188,022Total deposits
$2,193,300Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8,003Subordinated debt
$208,848All other liabilities
$208,848Total equity capital
$208,848Total bank equity capital
$0Perpetual preferred stock
$3,400Common stock
$165,281Surplus
$40,167Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23,997Income earned, not collected on loans
$0Earning assets
$12,312Long-term assets (5+ years)
$2,353,645Average Assets, year-to-date
$0Average Assets, quarterly
$2,401,686Volatile liabilities
$2,410,375Insider loans
$1,358,867FHLB advances
$2,390,012Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$196,282Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$66,542Restructured Loans and leases
$200Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$93,785Total interest income
$19,221Total interest expense
$74,564Net interest income
$31,348Provision for loan and lease losses
$15,407Total noninterest income
$0Fiduciary activities
$921Service charges on deposit accounts
$0Trading account gains & fees
$14,486Additional noninterest income
$25,123Total noninterest expense
$8,401Salaries and employee benefits
$3,576Premises and equipment expense
$13,146Additional noninterest expense
$33,500Pre-tax net operating income
$124Securities gains (losses)
$11,846Applicable income taxes
$21,778Income before extraordinary items
$0Extraordinary gains - net
$21,778Net income attributable to bank
$0Net charge-offs
$21,778Cash dividends
$31,296Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.99%Yield on earning assets
0.82%Cost of funding earning assets
3.17%Net interest margin
0.66%Noninterest income to earning assets
1.07%Noninterest expense to earning assets
0.90%Net operating income to assets
0.91%Return on assets (ROA)
1.40%Pretax return on assets
11.07%Return on equity (ROE)
11.07%Retained earnings to average equity (YTD only)
2.35%Net charge-offs to loans
100.17%Credit loss provision to net charge-offs
2.07%Efficiency ratio
27,923Assets per employee
24.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.07%Loss allowance to noncurrent loans
167.49%Noncurrent assets plus other real estate owned to assets
1.38%Noncurrent loans to loans
1.84%Net loans and leases to deposits
57.77%Net loans and leases to core deposits
60.69%Equity capital to assets
8.67%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
14.44%Total risk-based capital ratio
Memoranda
$16Average assets
$2,401,686Average earning assets
$196,751Average equity
$2,348,669Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
57785
Principal Bank
6200 Park Ave, Des Moines, IA 50321
Febuary 12, 1998
Full Service Brick and Mortar
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