Pilot Grove 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.

Pilot Grove Savings Bank was established on May 12, 1911. Twenty-three investors pooled a total of $10,000 to start the Bank and set up business in a small building on the western side of the only street in Pilot Grove, Iowa. Since that day, the Bank has continued to grow and prosper, serving customers in the Bank’s Southeast Iowa area as well as many other locations across the country.

In December 2000, Pilot Grove Savings Bank acquired branches in Mount Pleasant and Packwood and in July 2004, an additional branch was acquired in Winfield. In July 2006, Pilot Grove Savings Bank opened its first, and smallest, supermarket branch in Fort Madison. Then, in November 2011, two more bank branches in Fort Madison were obtained. All branch offices offer customers up-to-date products and services with increased convenience.

Main Bank Location 1341 Pilot Grove Road P.O. Box 5 Pilot Grove, Iowa 52648 319-469-3951 FAX 319-469-4905 Toll Free 888-283-2265 Hours Monday - Thursday: 8:00 a.m. - 5:00 p.m. Friday: 8:00 a.m. - 6:00 p.m. Saturday: 8:00 a.m. - Noon