Palmyra State Bank

400 South Main Street
Palmyra, MO 63461
(573) 769-2001
www.palmyrastatebank.net

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Palmyra State Bank is headquartered in Palmyra and is the 136^th largest bank in the state of Missouri. It is also the 3,692^nd largest bank in the nation. It was established in 1934 and as of December of 2012, it had grown to 47 employees at 3 locations. Palmyra State Bank has a 4-star health rating.

Palmyra State Bank (MO) RCA ($10K, $2.75%APY) (Forum) - 7/28/2012

The cap is low, but may be of benefit to someone. This bank is rated 4 stars on DA. RCA requirements: 10 debit card transactions, one recurring direct deposit or ACH debit or ACH credit, E-statements, one internet banking

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See Rates for: Checking | Savings | Money Market | CD | IRA

Palmyra State Bank Checking Account Rates

Apy	Min	Max	Product
2.00%	-	$10k	Advantage Checking
0.05%	$500	-	NOW Checking
0.05%	$500	-	Charter Club NOW Checking

Palmyra State Bank Savings Account Rates

Apy	Min	Max	Product
0.50%	$50	-	IRA Time Open Savings Account
0.20%	$50	-	Health Savings Account
0.15%	$50	-	Statement Savings

Palmyra State Bank Money Market Rates

Apy	Min	Max	Product
0.20%	$25k	$250k	Pinnacle Fund Money Market
0.10%	$2,500	$250k	Cash Management

Palmyra State Bank CD Rates

Apy	Min	Max	Product
1.00%	$2,500	-	60 Month CD
0.75%	$2,500	-	48 Month CD
0.60%	$2,500	-	36 Month CD
0.50%	$2,500	-	24 Month CD
0.50%	$2,500	-	30 Month CD
0.25%	$2,500	-	12 Month CD
0.25%	$2,500	-	18 Month CD
0.20%	$2,500	-	6 Month CD
0.10%	$2,500	-	3 Month CD

Palmyra State Bank IRA Rates

Apy	Min	Max	Product
1.00%	$2,500	-	60 Month IRA CD
0.75%	$2,500	-	48 Month IRA CD
0.60%	$2,500	-	36 Month IRA CD
0.50%	$2,500	-	24 Month IRA CD
0.50%	$2,500	-	30 Month IRA CD
0.25%	$2,500	-	12 Month IRA CD
0.25%	$2,500	-	18 Month IRA CD
0.20%	$2,500	-	6 Month IRA CD

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

Palmyra State Bank
FDIC Certificate #	14492
BankRate Report	View
Year Established	1934
Employees	47
Primary Regulator	FDIC
Assets and Liabilities
Assets	$157.68 million
Loans	$114.70 million
Deposits	$130.13 million
Equity Capital	$14.74 million
Loan Loss Allowance	$1.07 million
Unbacked Noncurrent Loans	$918,000
Real Estate Owned	$299,000
Historic Data - December 2011
Assets	$152.10 million
Equity Capital	$14.00 million
Loan Loss Allowance	$1.13 million
Unbacked Noncurrent Loans	$133,000
Real Estate Owned	$523,000
Profit Margin - Quarterly
Net Interest Margin	4.06%
Return on Assets	1.4%
Return on Equity	14.64%
Interest Income	$6.81 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Palmyra State Bank had $1.22 million in non-current loans and owned real-estate with $15.8 million in equity and loan loss allowances on hand to cover it. This gives Palmyra State Bank a Texas Ratio of 7.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Palmyra State Bank held steady from 4.34% as of December 31, 2011 to 7.70% as of December 31, 2012, resulting in a negative change of 77.58%. This indicates that the balance sheet and financial strength for Palmyra State Bank has held steady in recent periods.
Deposit Growth
In the past year, Palmyra State Bank has increased its total deposits by $978,000, resulting in 0.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Palmyra State Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Palmyra State Bank has $157.68 million in assets with $15.8 million in equity, resulting in a capitalization level of 10.02%, which is above average.