Palo Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Palo Savings Bank is an FDIC-insured commercial bank headquartered in Palo, IA, established in 1908 (FDIC certificate 13990), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $49.2M, up 2.4% from Q2 2025, the 215th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.71% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13990
- Headquarters
- Palo, IA
- Established
- 1908
- Total assets, Q2 2026
- $49.2M
- Assets vs Q2 2025
- +2.4%
- Tier 1 leverage ratio, Q2 2026
- 11.71%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 073915193
- Latest call report
- Q2 2026, FFIEC 051 · Palo Savings Bank call report
- Holding company
- BANKERS EQUITY CORPORATION
- Asset rank in state
- 215th of 225 in Iowa
Palo Savings Bank is one of the more profitable banks of its size. It reported $49 million in assets at June 30, 2026, up 2.4% from a year earlier. It returns 15.8% a year on shareholders' equity, about double the median of 8.6% for the 583 banks with less than $100 million in assets. On the other hand, it keeps 3.13 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.87 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $2.2 million equal 37% of Tier 1 capital, down from 45% a year earlier. Net income for the quarter rose 28% from a year earlier, to $149,000.
As of June 30, 2026, Palo Savings Bank reported a return on assets of 1.17%, a nonperforming-loan ratio of 0.19% and a Texas ratio of 1.03%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Palo Savings Bank is the 215th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets fell 2.4% to $49.2M, loans rose 0.1% and deposits fell 2.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 56.0% of total loans, followed by farmland and other real estate loans at 18.9%. The FDIC Summary of Deposits lists a single office for it, in Palo, IA. Judged on its Q2 2026 call report, Palo Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 2801 Hollenbeck Rd, Palo, IA 52324
- County
- Linn
- Metro Area
- Cedar Rapids, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1908
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $45.3M
- Allowance for credit losses
- $223K
- Net charge-offs (YTD)
- $0
- Average total assets
- $50.9M
- Average total loans
- $21.7M
- Average interest-bearing deposits
- $36.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 3, 1934
- FDIC Cert
- 13990
- Fed RSSD
- 90047
- Website
- www.palosavingsbank.com →
- Parent Holding Company
- BANKERS EQUITY CORPORATION (RSSD 1201596)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Palo Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Palo Savings Bank's total assets ran between $43.1M (Q3 2023) and $50.4M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$49.2M total assets against $48.0M; $45.4M total liabilities against $44.9M.
$21.6M net loans and leases against $21.5M; $45.3M total deposits against $44.7M.
$14.0M securities against $14.9M; $11.7M cash and balances due against $9.6M.
$554K total interest income against $547K; $177K total interest expense against $204K.
$377K net interest income against $343K.
$30K total noninterest income against $22K; $251K total noninterest expense against $243K.
No provision recorded in the last 12 quarters.
$149K net income against $116K.
1.17% return on assets against 0.94%; 3.13% net interest margin against 2.96%.
11.71% tier 1 leverage ratio against 11.75%.
Inside the full Palo Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.61% (Q1 2025) to 1.17% (Q2 2026) and its net interest margin ran from 2.73% (Q4 2024) to 3.21% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.71% | 1.17% | 0.19% | 1.03% | 3.13% |
| Q1 2026 | 11.89% | 1.04% | 0.33% | 1.79% | 3.15% |
| Q4 2025 | 12.16% | 1.11% | 0.19% | 1.13% | 3.21% |
| Q3 2025 | 12.44% | 0.97% | 0.12% | 0.67% | 3.06% |
| Q2 2025 | 11.75% | 0.94% | 0.28% | 1.80% | 2.96% |
| Q1 2025 | 11.91% | 0.61% | 0.17% | 1.20% | 3.14% |
| Q4 2024 | 11.91% | 0.62% | 0.18% | 1.31% | 2.73% |
| Q3 2024 | 12.10% | 0.88% | 0.19% | 1.14% | 2.82% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Palo Savings Bank (main office) | Palo , IA | 52324 | $45.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IA, rank 242 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $80K approved, $80K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Palo Savings Bank
What are Palo Savings Bank's total assets?
As of the Q2 2026 filing, Palo Savings Bank reported total assets of $49.2 million in its FFIEC call report.
Where is Palo Savings Bank headquartered?
It is headquartered in Palo, IA, United States.
When was Palo Savings Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Palo Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13990). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Palo Savings Bank?
Palo Savings Bank's primary federal regulator is the FDIC.
How many branches does Palo Savings Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Palo Savings Bank's Texas Ratio?
Its Texas Ratio is 1.03% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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