Palmyra State Bank

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

OverView
Rates
Health
Reviews

Palmyra State Bank is headquartered in Palmyra and is the 148^th largest bank in the state of Missouri. It is also the 3,911^st largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 42 employees at 3 locations. Palmyra State Bank's savings rates are 73% higher than the national average, and it has a 4-star health rating.

Report an Issue

See Rates for: Checking | Savings | CD | IRA

Palmyra State Bank Checking Account Rates

Apy	Min	Max	Product
0.20%	$500	-	Charter NOW Checking
0.15%	$500	-	NOW Checking

Palmyra State Bank Savings Account Rates

Apy	Min	Max	Product
0.90%	-	-	IRA Time Open Savings Account
0.30%	$25k	-	Pinncale Fund
0.25%	$2,500	-	Cash Management
0.20%	$50	-	Statement Savings
0.20%	$50	-	Health Savings

Palmyra State Bank CD Rates

Apy	Min	Max	Product
1.65%	$2,500	-	60 Month CD
1.15%	$2,500	-	48 Month CD
1.05%	$2,500	-	36 Month CD
0.90%	$2,500	-	24 Month CD
0.90%	$2,500	-	30 Month CD
0.50%	$2,500	-	12 Month CD
0.50%	$2,500	-	18 Month CD
0.35%	$2,500	-	6 Month CD
0.25%	$2,500	-	3 Month CD

Palmyra State Bank IRA Rates

Apy	Min	Max	Product
1.65%	$2,500	-	60 Month IRA
1.15%	$2,500	-	48 Month IRA
1.05%	$2,500	-	36 Month IRA
0.90%	$2,500	-	24 Month IRA
0.90%	$2,500	-	30 Month IRA
0.50%	$2,500	-	12 Month IRA
0.50%	$2,500	-	18 Month IRA
0.35%	$2,500	-	6 Month IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Palmyra State Bank
FDIC Certificate #	14492
BankRate Report	View
Year Established	1934
Employees	42
Primary Regulator	FDIC
Assets and Liabilities
Assets	$147.78 million
Loans	$105.04 million
Deposits	$124.01 million
Equity Capital	$14.32 million
Loan Loss Allowance	$1.14 million
Unbacked Noncurrent Loans	$1.73 million
Real Estate Owned	$289,000
Historic Data - March 2011
Assets	$139.34 million
Equity Capital	$12.88 million
Loan Loss Allowance	$1.05 million
Unbacked Noncurrent Loans	$909,000
Real Estate Owned	$365,000
Profit Margin - Quarterly
Net Interest Margin	4.04%
Return on Assets	1.41%
Return on Equity	14.89%
Interest Income	$1.70 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 March 31, 2012 Palmyra State Bank had $2.02 million in non-current loans and owned real-estate with $15.46 million in equity and loan loss allowances on hand to cover it. This gives Palmyra State Bank a Texas Ratio of 13.08% which is above average. 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 9.15% as of March 31, 2011 to 13.08% as of March 31, 2012, resulting in a negative change of 42.93%. 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 $6.64 million, resulting in 5.66% 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 excellent.
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 $147.78 million in assets with $15.46 million in equity, resulting in a capitalization level of 10.46%, which is above average.

No reviews have been left for this bank yet. Be the first to review.