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PO Box 9351
Des Moines, IA 50306-9351

Principal Bank is headquartered in Des Moines and is the 3rd largest bank in the state of Iowa. It is also the 338th largest bank in the nation. It was established in 1998 and as of December of 2013, it had grown to 75 employees at 1 location. Principal Bank's money market rates are 59% higher than the national average, and it has a B health rating.

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Data for Q4 2013

Institution Health


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, 2013 Principal Bank had $26.23 million in non-current loans and owned real-estate with $208.7 million in equity and loan loss allowances on hand to cover it. This gives Principal Bank a Texas Ratio of 12.57% 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 Principal Bank decreased slightly from 17.54% as of December 31, 2012 to 12.57% as of December 31, 2013, resulting in a positive change of 28.34%.This indicates that the balance sheet and financial strength for Principal Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Principal Bank has decreased its total deposits by -$264.1 million, resulting in -11.93% 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 poor.



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 $2.13 billion in assets with $208.7 million in equity, resulting in a capitalization level of 9.79%, which is above average.

Institution Statistics

FDIC Certificate #34507
Year Established1998
Primary RegulatorOCC
Assets and Liabilities
Assets$2.13 billion
Loans$597.83 million
Deposits$1.95 billion
Equity Capital$174.52 million
Loan Loss Allowance$34.18 million
Unbacked Noncurrent Loans$26.01 million
Real Estate Owned$218,000
Historic Data - December 2012
Assets$2.44 billion
Equity Capital$221.55 million
Loan Loss Allowance$51.72 million
Unbacked Noncurrent Loans$26.01 million
Real Estate Owned$7.90 million
Profit Margin - Quarterly
Net Interest Margin2.96%
Return on Assets1.13%
Return on Equity12.3%
Interest Income$77.68 million

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Principal Bank Savings Account Rates

0.40%$500k$10mBusiness Advantage Savings
0.25%--Assured Savings
0.25%--High Yield IRA
0.25%--High Yield Roth IRA
0.15%--Plan Term IRA
0.15%--Business Savings
0.15%--Plan Term Roth IRA
0.10%--Safe Harbor IRA
0.10%--Safe Harbor Roth IRA

Principal Bank Money Market Rates

0.70%$250k-Money Market IRA
0.30%$250k$10mBusiness Money Market

Principal Bank Checking Account Rates

0.10%$25k-Business Interest Checking

Principal Bank CD Rates

1.36%$5k-72 Month CD
1.26%$5k-60 Month CD
0.85%$5k-48 Month CD
0.80%$5k-36 Month CD
0.60%$5k-18 Month CD
0.60%$5k-24 Month CD
0.60%$5k-30 Month CD
0.45%--26 Month Change A Rate CD
0.30%$5k-12 Month CD
0.15%$5k-6 Month CD
0.10%$5k-3 Month CD

Principal Bank IRA Rates

1.36%$2,500-72 Month IRA (Traditional,Roth)
1.26%$2,500-60 Month IRA (Traditional,Roth)
0.85%$2,500-48 Month IRA (Traditional,Roth)
0.80%$2,500-36 Month IRA (Traditional,Roth)
0.60%$2,500-18 Month IRA (Traditional,Roth)
0.60%$2,500-24 Month IRA (Traditional,Roth)
0.60%$2,500-30 Month IRA (Traditional,Roth)
0.45%--26 Month Change A Rate IRA (Traditional,Roth)
0.30%$2,500-12 Month IRA (Traditional,Roth)
0.15%$2,500-6 Month IRA
0.15%$2,500-6 Month Roth IRA
0.10%$2,500-3 Month IRA (Traditional,Roth)

Principal Bank Locations
Principal Bank6200 Park AveDes Moines, IA 50321