Principal Bank

Overview / Commentary

www.principal.com

800-672-3343

616 10th Street
Des Moines, IA 50309

Principal Bank is headquartered in Des Moines and is the 3^rd largest bank in the state of Iowa. It is also the 276^th largest bank in the nation. It was established in 1998 and as of September of 2020, it had grown to 160 employees at 1 location. Principal Bank has an A health rating.

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2008
2005

2/29 - 4.85% 14-Month / 4.70% 7-Month CD at Principal Bank - Available Nationwide.
2/22 - 5.25% 14-Month / 5.10% 33-Month CD at Principal Bank - Available Nationwide

11/10 - Principal Bank $50 Bonus

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Health

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #	34507
Year Established	1998
Employees	160
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.83%
Return on Equity - YTD	10.74%
Annual Interest Income	$74.5MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$4.38B$3.75B
Loans	Q3 2020vs Q3 2019	$1.33B$1.06B
Deposits	Q3 2020vs Q3 2019	$3.96B$3.39B
Equity Capital	Q3 2020vs Q3 2019	$369.0MM$297.0MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$4.9MM$1.8MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$5.9MM$4.9MM
Real Estate Owned	Q3 2020vs Q3 2019	$0$0

Rates

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Money Market
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Principal Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Assured Savings
0.10%	-	-	High Yield IRA

Principal Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$250k^*	-	Money Market IRA
OTHER TIERS: 0.05% → Up to $250 \| 0.10% → $250 - $25k \| 0.15% → $25k - $100k \| 0.20% → $100k - $250k

Principal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%	-	-	60 Month Standard IRA
0.50%	-	-	48 Month Standard IRA
0.40%	-	-	36 Month Standard IRA
0.20%	-	-	24 Month Standard IRA
0.20%	-	-	52 Month Liquid IRA
0.10%	-	-	12 Month Standard IRA
0.10%	-	-	33 Month Liquid IRA

Locations

Principal Bank Locations
Principal Bank	655 9th St	Des Moines, IA 50392

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