Palo Savings Bank


Overview / Commentary
319-851-2241
2801 Hollenbeck Road
Palo, IA 52324

Palo Savings Bank is headquartered in PALO and is the 222nd largest bank in the state of Iowa. It is also the 4,250th largest bank in the nation. It was established in 1908 and as of March of 2025, it had grown to 7 employees at 1 location. Palo Savings Bank has a B health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Palo Savings Bank has a low asset base.

Health Grade Components

Overall
FDIC Certificate #13990
Year Established1908
Employees7
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD10.25%
Annual Interest Income$515K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$49.2MM$46.5MM
LoansQ1 2025vs Q1 2024$22MM$22.4MM
DepositsQ1 2025vs Q1 2024$46.2MM$43.8MM
Equity CapitalQ1 2025vs Q1 2024$3MM$2.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$229K$229K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$38K$83K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Palo Savings Bank are currently being reviewed.

Locations


Palo Savings Bank Locations
Palo Savings Bank2801 Hollenbeck RdPalo, IA 52324

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