Pilot Grove Savings Bank
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Data as of · sourced from FFIEC call reports. How we update
Pilot Grove Savings Bank is an FDIC-insured commercial bank headquartered in Pilot Grove, IA, established in 1911 (FDIC certificate 9100), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.22B, up 13.8% from Q2 2025, the 25th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 10.22% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9100
- Headquarters
- Pilot Grove, IA
- Established
- 1911
- Total assets, Q2 2026
- $1.22B
- Assets vs Q2 2025
- +13.8%
- CET1 ratio, Q2 2026
- 10.22%
- Domestic offices
- 17 FDIC institution directory, current count
- Routing number
- 073916668
- Latest call report
- Q2 2026, FFIEC 051 · Pilot Grove Savings Bank call report
- Holding company
- PILOT BANCORP, INC.
- Asset rank in state
- 25th of 225 in Iowa
Pilot Grove Savings Bank is one of the more profitable banks of its size. Based in Pilot Grove, Iowa, it had $1.2 billion in assets at June 30, 2026, up 13.8% from a year earlier. It earns about $2.19 a year on every $100 of assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median $1.29). It also spends about 40 cents to bring in each dollar of revenue, lower than about 9 in 10 banks its size (median 58 cents).
Earnings jumped: net income for the quarter was $6.6 million, 43% above the same quarter a year earlier. Where it has less room is capital: it holds common equity equal to 10.22% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 13.52%).
As of June 30, 2026, Pilot Grove Savings Bank reported a CET1 capital ratio of 10.22%, a return on assets of 2.19%, a nonperforming-loan ratio of 0.13% and a Texas ratio of 1.11%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Pilot Grove Savings Bank is the 25th largest of the 225 banks headquartered in Iowa. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.4% to $1.22B, loans rose 2.9% and deposits rose 3.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 36.6% of total loans, ahead of farmland and other real estate loans at 27.1%. The FDIC Summary of Deposits lists 17 offices for it, in 13 cities in IA; its Mount Pleasant 2 offices book 19% of its branch deposits. On its Q2 2026 call report, Pilot Grove Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1341 Pilot Grove Rd, Pilot Grove, IA 52648
- County
- Lee
- Metro Area
- Fort Madison, 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1911
- Domestic offices
- 17 FDIC institution directory, current count
- Employees (FTE)
- 122
- Domestic deposits
- $1.08B
- Allowance for credit losses
- $9.0M
- Net charge-offs (YTD)
- $102K
- Average total assets
- $1.21B
- Average total loans
- $892.5M
- Average interest-bearing deposits
- $816.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9100
- Fed RSSD
- 585749
- Website
- www.pilotgrovesavingsbank.com →
- Parent Holding Company
- PILOT BANCORP, INC. (RSSD 1208885)
- Ultimate Parent
- RSSD 1881532
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Pilot Grove Savings Bank's total assets moved between a low of $835.7M (Q3 2023) and a high of $1.22B (Q2 2026) from Q3 2023 to Q2 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
$1.22B total assets against $1.07B; $1.10B total liabilities against $968.5M.
$898.1M net loans and leases against $804.2M; $1.08B total deposits against $950.3M.
$242.7M securities against $184.3M; $31.9M cash and balances due against $39.3M.
$16.7M total interest income against $14.4M; $5.6M total interest expense against $5.2M.
$11.1M net interest income against $9.1M.
$1.2M total noninterest income against $1.1M; $5.2M total noninterest expense against $4.7M.
$250K provision for credit losses against $250K.
$6.6M net income against $4.6M.
2.19% return on assets against 1.73%; 3.86% net interest margin against 3.61%.
10.22% CET1 capital ratio against 9.94%; 8.82% tier 1 leverage ratio against 8.38%.
Inside the full Pilot Grove Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freePilot Grove Savings Bank rankings
Its closest position to the top of a national ranking is 192 of 3,606, for efficiency ratio; its furthest is 2,079 of 2,134, for CET1 ratio.
Metric pages for Pilot Grove Savings Bank: Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.17% (Q4 2024) to 2.28% (Q1 2026) and its net interest margin ran from 3.29% (Q3 2024) to 3.86% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.22% | 2.19% | 0.13% | 1.11% | 3.86% |
| Q1 2026 | 10.38% | 2.28% | 0.12% | 1.06% | 3.81% |
| Q4 2025 | 10.01% | 1.65% | 0.11% | 1.07% | 3.73% |
| Q3 2025 | 9.99% | 1.87% | 0.14% | 1.32% | 3.66% |
| Q2 2025 | 9.94% | 1.73% | 0.10% | 0.95% | 3.61% |
| Q1 2025 | 9.89% | 1.84% | 0.15% | 1.26% | 3.42% |
| Q4 2024 | 9.60% | 1.17% | 0.18% | 1.66% | 3.32% |
| Q3 2024 | 10.45% | 1.60% | 0.15% | 1.26% | 3.29% |
Swipe the table sideways to see every column.
Branch Network
View all 17 branches → 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 |
|---|---|---|---|
| Pilot Grove Savings Bank (main office) | Pilot Grove , IA | 52648 | $181.2M |
| Mount Pleasant Branch | Mount Pleasant , IA | 52641 | $152.4M |
| Donnellson Branch | Donnellson , IA | 52625 | $106.3M |
| Fort Madison Branch | Fort Madison , IA | 52627 | $100.9M |
| Keokuk Branch | Keokuk , IA | 52632 | $98.3M |
| West Point Branch | West Point , IA | 52656 | $72.8M |
| Winfield Br | Winfield , IA | 52659 | $52.9M |
| Mount Pleasant Branch | Mount Pleasant , IA | 52641 | $50.8M |
| Wayland Branch | Wayland , IA | 52654 | $42.7M |
| Packwood Branch | Packwood , IA | 52580 | $33.7M |
| Fort Madison Branch | Fort Madison , IA | 52627 | $33.6M |
| Houghton Branch | Houghton , IA | 52631 | $32.0M |
| Fairfield Branch | Fairfield , IA | 52556 | $31.4M |
| Boulevard Road Branch | Keokuk , IA | 52632 | $30.2M |
| West Burlington Branch | West Burlington , IA | 52655 | $24.5M |
| Keosippi Shopping Plaza Branch | Keokuk , IA | 52632 | $22.7M |
| Bonaparte Branch | Bonaparte , IA | 52620 | $15.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 13, 2024 | Structure Change | Acquired Wayland State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 12, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2004 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2004 | Structure Change | Acquired The Farmers National Bank of Winfield Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2001 | Structure Change | Acquired Farmers Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 21, 1983 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 21, 1983 | Structure Change | Acquired Citizens State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.8% of deposits in IA, rank 25 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $300K approved, $300K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (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 Pilot Grove Savings Bank
What are Pilot Grove Savings Bank's total assets?
As of the Q2 2026 filing, Pilot Grove Savings Bank reported total assets of $1.22 billion in its FFIEC call report.
Where is Pilot Grove Savings Bank headquartered?
It is headquartered in Pilot Grove, IA, United States.
When was Pilot Grove Savings Bank founded?
It was established in 1911, per the FDIC institution directory.
Is Pilot Grove Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9100). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Pilot Grove Savings Bank?
Pilot Grove Savings Bank's primary federal regulator is the FDIC.
What is Pilot Grove Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.22% in its Q2 2026 call report, above regulatory requirements.
How many branches does Pilot Grove Savings Bank operate?
It operates 17 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Pilot Grove Savings Bank's Texas Ratio?
Its Texas Ratio is 1.11% 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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