Denver Savings Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Denver Savings Bank opened its doors at the corner of State and Main Streets on January 2, 1902, with assets of only fifteen thousand dollars. Bank operations continued at the original building site until 1968, when a new bank was built at its current location.

Denver Savings Bank remained a family-owned bank until 1999 when Paul and Robert Buenneke sold the bank to PSB Corporation, a bank holding company that also owns Peoples Savings Bank of Wellsburg and First State Bank of Sumner. Dennis R. Brandt became the new, and still current, bank president.

In 2001 the main building was completely remodeled and the north wing was added in time for Denver Savings Bank's 100th anniversary on January 2, 2002. As bank growth continued, a 2,500-square foot addition, including a new drive-up window, new offices, and a new board room, was completed in 2009.

Denver Savings Bank
121 S State Street
Denver, IA 50622
Phone: 319-984-5635
Fax: 319-984-6123