Principal Bank

6200 Park Ave
Des Moines, IA 50321
800-672-3343
www.principal.com

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Principal Bank is headquartered in Des Moines and is the 2^nd largest bank in the state of Iowa. It is also the 296^th largest bank in the nation. It was established in 1998 and as of March of 2012, it had grown to 98 employees at 1 location. Principal Bank has a 3-star health rating.

Principal Bank Routing Number: 073922623

5.25% 14-Month / 5.10% 33-Month CD at Principal Bank - Available Nationwide - 11/14/2007

Update 2/22/08: The CD rates have fallen. Please check the bank's website for the latest rates.Principal Bank is offering a CD special with two competitive rates: a 5.25% APY 14-month CD and a 5.10% APY 33-month CD. The minimum deposit is $5,000, and...

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

Principal Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	$25k	-	Personal Checking
0.10%	$25k	-	Business Interest Checking

Principal Bank Savings Account Rates

Apy	Min	Max	Product
0.85%	$250k	$10m	Advantage Savings Account
0.45%	$500k	$10m	Business Advantage Savings
0.40%	-	-	High Yield IRA
0.40%	-	-	High Yield Roth IRA
0.35%	-	-	Assured Savings
0.30%	-	-	Plan Term IRA
0.25%	-	-	Regular Savings
0.25%	-	-	Business Savings
0.20%	-	-	Safe Harbor IRA
0.20%	-	-	Safe Harbor Roth IRA

Principal Bank Money Market Rates

Apy	Min	Max	Product
0.85%	$250k	-	Money Market IRA
0.70%	$250k	$10m	Money Market Account
0.35%	$250k	$10m	Business Money Market

Principal Bank CD Rates

Apy	Min	Max	Product
1.56%	$5k	-	72 Month CD
1.56%	-	-	Business 72 Month CD
1.41%	$5k	-	60 Month CD
1.41%	-	-	Business 60 Month CD
1.06%	$5k	-	48 Month CD
1.06%	-	-	Business 48 Month CD
1.00%	$5k	-	36 Month CD
1.00%	-	-	Business 36 Month CD
0.75%	$5k	-	18 Month CD
0.75%	$5k	-	24 Month CD
0.75%	$5k	-	30 Month CD
0.75%	-	-	Business 18 Month CD
0.75%	-	-	Business 24 Month CD
0.75%	-	-	Business 30 Month CD
0.55%	-	-	26 Month Change A Rate CD
0.55%	-	-	Business 26 Month Change A Rate CD
0.40%	$5k	-	12 Month CD
0.40%	-	-	Business 12 Month CD
0.25%	$5k	-	6 Month CD
0.25%	-	-	Business 6 Month CD
0.15%	$5k	-	3 Month CD
0.15%	-	-	Business 3 Month CD

Principal Bank IRA Rates

Apy	Min	Max	Product
1.56%	$2,500	-	72 Month IRA
1.56%	$2,500	-	72 Month Roth IRA
1.41%	$2,500	-	60 Month IRA
1.41%	$2,500	-	60 Month Roth IRA
1.06%	$2,500	-	48 Month IRA
1.06%	$2,500	-	48 Month Roth IRA
1.00%	$2,500	-	36 Month IRA
1.00%	$2,500	-	36 Month Roth IRA
0.75%	$2,500	-	18 Month IRA
0.75%	$2,500	-	24 Month IRA
0.75%	$2,500	-	30 Month IRA
0.75%	$2,500	-	18 Month Roth IRA
0.75%	$2,500	-	24 Month Roth IRA
0.75%	$2,500	-	30 Month Roth IRA
0.55%	-	-	26 Month Change Rate IRA
0.55%	-	-	26 Month Change A Rate Roth IRA
0.40%	$2,500	-	12 Month IRA
0.40%	$2,500	-	12 Month Roth IRA
0.25%	$2,500	-	6 Month IRA
0.25%	$2,500	-	6 Month Roth IRA
0.15%	$2,500	-	3 Month IRA
0.15%	$2,500	-	3 Month Roth IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Principal Bank
OTS #	14225
FDIC Certificate #	34507
BankRate Report	View
Year Established	1998
Employees	98
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.40 billion
Loans	$1.21 billion
Deposits	$2.18 billion
Equity Capital	$213.61 million
Loan Loss Allowance	$43.31 million
Unbacked Noncurrent Loans	$42.11 million
Real Estate Owned	$8.94 million
Historic Data - March 2011
Assets	$2.39 billion
Equity Capital	$189.75 million
Loan Loss Allowance	$40.74 million
Unbacked Noncurrent Loans	$32.32 million
Real Estate Owned	$8.85 million
Profit Margin - Quarterly
Net Interest Margin	3.11%
Return on Assets	0.66%
Return on Equity	7.47%
Interest Income	$22.53 million

Institution Health

Overall Score:

3 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 Principal Bank had $51.05 million in non-current loans and owned real-estate with $256.92 million in equity and loan loss allowances on hand to cover it. This gives Principal Bank a Texas Ratio of 19.87% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Principal Bank held steady from 17.86% as of March 31, 2011 to 19.87% as of March 31, 2012, resulting in a negative change of 11.25%. This indicates that the balance sheet and financial strength for Principal Bank has held steady in recent periods.
Deposit Growth
In the past year, Principal Bank has decreased its total deposits by -$13 million, resulting in -0.59% 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 Principal 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. Principal Bank has $2.4 billion in assets with $256.92 million in equity, resulting in a capitalization level of 10.70%, which is above average.