# PRINCIPAL BANK
DES MOINES, IA · FDIC certificate 34507 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $9.84B | |
| Deposits | $9.26B | |
| Loans and leases | $2.99B | |
| Total equity | $493.9M | |
| Loans / deposits | 32.24% (p3 of band) | 87.10% |
| Liquid assets / assets | 66.56% (p98 of band) | |
| Uninsured deposits / deposits | 45.59% (p84 of band) | 30.76% |
| Brokered deposits | 0.01% | |
| Wholesale funding | 0.01% (p14 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.13% (p2 of band) | 10.50% |
| Unrealized securities loss / equity | -65.94% (p2 of band) | -7.75% |
| AOCI / equity | -4.74% (p1 of band) | |
| ROA (annualized) | 1.68% (p78 of band) | 1.26% |
| Net interest margin | 2.46% (p5 of band) | 3.70% |
| Efficiency ratio | 37.98% (p6 of band) | |
| Noncurrent loans | 0.44% (p44 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p18 of band) | |
| Reserve coverage of noncurrent | 56.81% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 10.5% | |
| Employees | 627 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 2 | charge-offs p90, uninsured deposits leaving |  |
| 2012-06 | 3 | reserve under noncurrent |  |
| 2012-09 | 2 |  | reserve under noncurrent |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | uninsured deposits leaving |
| 2013-06 | 1 |  |  |
| 2013-09 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2013-12 | 5 | noncurrent p90 |  |
| 2014-03 | 5 |  |  |
| 2014-06 | 5 |  |  |
| 2014-09 | 1 |  | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2014-12 | 2 | NIM <2.5% |  |
| 2015-03 | 3 | charge-offs p90 |  |
| 2015-06 | 3 |  |  |
| 2015-09 | 3 |  |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 1 |  | NIM <2.5%, charge-offs p90 |
| 2016-06 | 2 | NIM <2.5% |  |
| 2016-09 | 1 |  | noncurrent p90 |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | reserve under noncurrent |  |
| 2018-03 | 3 | uninsured deposits leaving |  |
| 2018-06 | 2 |  | uninsured deposits leaving |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | capital falling |  |
| 2019-06 | 2 |  | capital falling |
| 2019-09 | 4 | brokered >10%, wholesale funding >15% |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 7 | leverage <7%, capital falling, losing money |  |
| 2020-06 | 5 |  | capital falling, losing money |
| 2020-09 | 5 |  |  |
| 2020-12 | 4 |  | leverage <7% |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | brokered >10%, wholesale funding >15% |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 6 | leverage <7%, capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-06 | 6 |  |  |
| 2022-09 | 5 |  | capital falling |
| 2022-12 | 5 |  |  |
| 2023-03 | 2 |  | NIM <2.5%, leverage <7%, AOCI drag >20% of equity |
| 2023-06 | 3 | NIM <2.5% |  |
| 2023-09 | 5 | deposits shrinking, assets shrinking |  |
| 2023-12 | 3 |  | deposits shrinking, assets shrinking |
| 2024-03 | 4 | capital falling |  |
| 2024-06 | 4 |  |  |
| 2024-09 | 3 |  | NIM <2.5% |
| 2024-12 | 4 | NIM <2.5% |  |
| 2025-03 | 3 |  | NIM <2.5% |
| 2025-06 | 4 | NIM <2.5% |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 3 |  | capital falling |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-08-09 [Sri Reddy joins Principal as a Senior Vice President in Retirement and Income Solutions - lifehealth.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxNQWhMd0FOTmJDaU9sMjJjaW05QkdmV0pBdjlEWlFNUy1iUnZETzRCSEp1TFJiSzBQSDl6UDhqWEpRYndzeTRqNVdyamtScGotNW1wOUhFajl1NjkwLUczX1NKdVNyQTMwcUxRXzBuMjQtcVozbkFwejRZRnFZRGpvbW5DMm0ydktWOFRFX19mcnpYMVBIWjZSNkVUSGlQdmRtOEt1cHNBR2ZPMllGY0ZR?oc=5) · lifehealth.com
- 2026-03-06 [Dave Downs Obituary March 6, 2026 - Caldwell Parrish Funeral Home & Crematory](https://news.google.com/rss/articles/CBMiY0FVX3lxTE1CdXhCcnlhdU40MTQxMExFUnVSVDFPS2U2RlY2UUdfU2RpVjNRbnNOLU1yTkw0UmN3dGhGYTdPamluV1NNN3NKZkloVDlxQTB2VldRdlRyZ0MtR3JIYmstUEhMNA?oc=5) · Caldwell Parrish Funeral Home &amp; Crematory
- 2025-11-29 [Karen Imogene Keller - hamiltonsfuneralhome.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE5hTmhwYkxjUHVvWDhGZW84RUhnbERnMzRnTjFiNkxBdHBFMTVzbXExTEFYQUJlajZWUjFYdzhtYVFfME54dFhpOEdUbDZocVJCQUFmM0pKY2JZTkxmaHQwXy05eHZkZDRpYUVr?oc=5) · hamiltonsfuneralhome.com
- 2025-12-11 [Raymond James to Welcome New $692 Million Program with Bank Midwest - Business Wire](https://news.google.com/rss/articles/CBMixAFBVV95cUxNRzE2SHM4UGNEeGluaWN0VUl6dWp6MUkyb19zWEJlZ3BVVXQ1V2YxbHNXRFBxb0R6YWI5YXBzMU1PVjNMNm9UVzZPU2lnTXlQRk8tVk9pWl9vSDRmQ00zTGJsLXg5bUhiT2JGV0F0OW1yeDhTWUdIV3BCcDMzYU05eDFDZVV3aWRWN2JGT3QyV0xYQVRFU3lCQ2VzVWR0UTdXMGxjV3I2Q0taLTRvaVhNS1QzMUpUeWU4V0pCc09oS01iTm9T?oc=5) · Business Wire
- 2024-10-07 [Mortgage Due Dates 101: Is There Really a Grace Period? - The Truth About Mortgage](https://news.google.com/rss/articles/CBMibkFVX3lxTFBhRVE0Uk9vY0FFRVh3T3FuaVZiQW1xX2hlWUZDcVdoTGtteHhycElLdnQ0a3NBOE9leUdQdXg4Qjl6MzJ1Y0lqckV0cS0wMkN5NVJGcHZUSUlxZE0wNDJmdXc4UE9BMXpyV0VELWdB?oc=5) · The Truth About Mortgage
- 2024-01-26 [The Biggest Bank in Every State - GOBankingRates](https://news.google.com/rss/articles/CBMiekFVX3lxTE1kWmk4c3l5elcwdFRqYWlpMm9vOFFfZFFwY0NreWVSTDRXcWNhOFdYUkw0QVFpcEpyejRPT2t6UTVqd2hKanVVRmhCWlhrTzllN1pfWlN1WGk3ekNlR1k0STdOWUw0SFBWOFJ3a0JNSkpXVU80STRtVkhR0gHLAUFVX3lxTFBKU0p4ZVExYkhxcU1jcXVMV09TWElwd1JTUGNQRkt3ekl6ZDBwc0RlU3J1cEdkR1U4OHBCZUs3RW1pMWNPOThyOFBnOXU5eXRGUzFBYnhjeURfWXVvTnhEVUU4bXVqRGZCQ1lLeVZGb2EwZU5tSDlhdjFvX3F1bVBxWDNES2JXNjJwVmhESmMzcXo2MlliTGs1WmdZVjNXbDE3eF9rT2ljbHkwOVBjVGRlV3VocXVaMmNhLWlXc1c5RXVuaURxZUNRSHVZ?oc=5) · GOBankingRates
- 2014-01-03 [Principal Financial Approved to Deregister as Savings & Loan - lifehealth.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxQVzJYQmxKRXNIOFJJMFRVUzY2ZmpqRG8yTW90a0NyZDg3bkhvcXNQdVlYNXFJS1VVOW0wRU1ELUJuWXo3RzItbUY0aEptVHh2NHIwRkh1VlBwUnM0ZUpTal96dHFzQXBhY3pfaDVnZGN5QWlZdUFtZmxFS2tILVBLSllTTEpvQQ?oc=5) · lifehealth.com
- 2017-03-26 [Power of Attorney (POA): Meaning, Types, and How and Why to Set One Up - Investopedia](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5ILTFYcTlEdEJTQ3NXZEF5bXlZa0RzZnZrQWdBN25GOUpNTEJpMXJ1TW9idWlSY3pQUkxGd2hRVnZKNWFjY3NmLWg2LW1SRUNuVWp3Zm9naVY3NGdrcmsxZ013ZE9ETnM?oc=5) · Investopedia

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34507 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/11.json (key "34507", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide