Vitals
  • Total Assets
    394.7M 9.3 %
  • Total Deposits
    339.7M 9.8 %
  • Total Net Loans
    324.4M 14.7 %
  • Net Income
    8.7M 59.9 %
  • Book Value
    45.1M 12.2 %
  • Book Value x2
    90.2M 12.2 %
  • Book Value x3
    135.2M 12.2 %
ROAA

2.37

ROAE

20.036

Efficiency Ratio

48.67

Net Interest Margin

3.927

Balance Sheet Highlights
Financial Highlights Primebank All Insured Commercial Banks in Iowa
Balance Sheet $(000)
Total Assets 394,665 198,346
Total Net Loans 324,430 133,864
Total Deposits 339,746 165,124
Total Equity 45,078 22,060
Profitability
Net Income 8,688 2,310
Return on Average Assets 2.37 1.15
Return on Average Equity 20.036 9.92
Net Interest Margin 3.927 3.587
Efficiency Ratio 48.67 60.34
Noninterest Income/Revenue 13.573 13.494
Balance Sheet Ratios
Loan-to-Deposit 95.492 77.091
Securities/Assets .125 .197
Total Equity/Total Assets .114 .111
Tangible Equity/Tangible Assets .109 .107
Capital Adequacy
Tier 1 Common Capital 43,656 21,135
Tier 1 Capital 43,656 21,140
Tier 2 Capital 3,906 1,625
Total Capital 47,562 22,777
Total Risk Weighted Assets 318,030 151,308
Leverage Ratio 11.39 10.944
Common Equity Tier 1 Capital Ratio 13.73 15.631
Tier 1 Capital Ratio 13.73 15.631
Total Capital Ratio 14.96 16.675

Timeline for Primebank

Primebank, Inc.

Primebank, Inc. became a new parent organization for Primebank.

View Profile Jul 31 1998

Lemars Bancorporation, Inc.

Lemars Bancorporation, Inc. became a new parent organization for Primebank.

View Profile Jun 24 1985

Farmers Savings Bank

Acquisition: Primebank acquired a new subsidiary, Farmers Savings Bank, 40 years

View Profile Jul 17 1983

Primebank

Primebank was established 123 years ago and is currently headquartered in Le Mars, IA.

Jan 01 1901
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Farmers Savings Bank Seller 2,268 Discontinued 7/17/1983
Relationships Role Relationship Start Relationship End
Primebank, Inc. Parent 10/31/1998
Primebank, Inc. Parent 7/31/1998 10/30/1998
Lemars Bancorporation, Inc. Parent 4/23/1998 10/29/1998
Lemars Bancorporation, Inc. Parent 7/1/1996 4/22/1998
Lemars Bancorporation, Inc. Parent 12/31/1986 6/30/1996
Lemars Bancorporation, Inc. Parent 6/24/1985 12/30/1986
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