Overview / Commentary
319-851-2241
606 First Street
Palo, IA 52324

Palo Savings Bank is headquartered in Palo and is the 283rd largest bank in the state of Iowa. It is also the 5,332nd largest bank in the nation. It was established in 1908 and as of June of 2018, it had grown to 7 employees at 1 location. Palo Savings Bank's CD rates are 22% higher than the national average, and it has a B+ health rating.

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Health
B+
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 - YTD2.05%
Return on Equity - YTD15.85%
Annual Interest Income$639.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$32.7MM$32.8MM
LoansQ2 2018vs Q2 2017$16.5MM$16.5MM
DepositsQ2 2018vs Q2 2017$28.4MM$28.0MM
Equity CapitalQ2 2018vs Q2 2017$4.2MM$4.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$200.00K$179.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$16.00K$18.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$72.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Palo Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%*$100k*-60 Month CD
OTHER TIERS: 2.90% $1k - $20k | 3.00% $20k - $100k
2.50%*$100k*-36 Month CD
OTHER TIERS: 2.30% $1k - $20k | 2.40% $20k - $100k
2.42%*$100k*-36 Month Trade-A-Rate CD Special
OTHER TIERS: 2.22% $1k - $20k | 2.32% $20k - $100k
2.32%*$100k*-31 Month Non-Renewable CD Special
OTHER TIERS: 2.12% $1k - $20k | 2.22% $20k - $100k
2.20%*$100k*-24 Month CD
OTHER TIERS: 2.00% $1k - $20k | 2.10% $20k - $100k
1.36%*$100k*-13 Month Non-Renewable CD Special
OTHER TIERS: 1.16% $1k - $20k | 1.26% $20k - $100k
1.30%*$100k*-18 Month CD
OTHER TIERS: 1.10% $1k - $20k | 1.20% $20k - $100k
1.10%*$100k*-12 Month CD
OTHER TIERS: 0.90% $1k - $20k | 1.00% $20k - $100k
0.60%*$100k*-182 Day CD
OTHER TIERS: 0.40% $1k - $20k | 0.50% $20k - $100k
0.50%*$100k*-91 Day CD
OTHER TIERS: 0.30% $1k - $20k | 0.40% $20k - $100k
Locations


Palo Savings Bank Locations
Palo Savings Bank606 First StreetPalo, IA 52324

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