Headquartered in Des Moines, Iowa, Principal Bank is a savings bank with $9.8B in total assets and $9.3B in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1998.
Principal Bank has a TellerScore of 64 out of 100 (moderate) based on Q2 2026 data — higher than only 33% of its 897 banks with $1 billion – $10 billion. Among 226 banks headquartered in Iowa, it ranks 173rd. Problem-loan coverage contributes the most (95/100, 2.6%); capital cushion contributes the least (21/100, 7.13%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (61 → 64), mostly because the earnings component improved by 25 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 63 |
| Q3 2024 | 62 |
| Q4 2024 | 64 |
| Q1 2025 | 62 |
| Q2 2025 | 61 |
| Q3 2025 | 60 |
| Q4 2025 | 61 |
| Q1 2026 | 65 |
| Q2 2026 | 64 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.97% |
| Q3 2024 | 7.69% |
| Q4 2024 | 7.41% |
| Q1 2025 | 7.40% |
| Q2 2025 | 7.27% |
| Q3 2025 | 7.09% |
| Q4 2025 | 7.22% |
| Q1 2026 | 7.22% |
| Q2 2026 | 7.13% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.48% |
| Q3 2024 | 0.58% |
| Q4 2024 | 0.43% |
| Q1 2025 | 0.37% |
| Q2 2025 | 0.43% |
| Q3 2025 | 0.44% |
| Q4 2025 | 0.47% |
| Q1 2026 | 0.41% |
| Q2 2026 | 0.44% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.26% |
| Q3 2024 | 1.21% |
| Q4 2024 | 1.42% |
| Q1 2025 | 1.08% |
| Q2 2025 | 1.06% |
| Q3 2025 | 1.11% |
| Q4 2025 | 1.24% |
| Q1 2026 | 1.71% |
| Q2 2026 | 1.68% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $9.8B | 7.13% | 0.44% | 1.68% | 32.2% |
| Q1 2026 | 65 | $9.6B | 7.22% | 0.41% | 1.71% | 31.7% |
| Q4 2025 | 61 | $9.3B | 7.22% | 0.47% | 1.24% | 32.4% |
| Q3 2025 | 60 | $9.0B | 7.09% | 0.44% | 1.11% | 31.0% |
| Q2 2025 | 61 | $9.0B | 7.27% | 0.43% | 1.06% | 31.4% |
| Q1 2025 | 62 | $8.7B | 7.40% | 0.37% | 1.08% | 31.5% |
| Q4 2024 | 64 | $8.8B | 7.41% | 0.43% | 1.42% | 28.8% |
| Q3 2024 | 62 | $8.7B | 7.69% | 0.58% | 1.21% | 28.5% |
| Q2 2024 | 63 | $8.7B | 7.97% | 0.48% | 1.26% | 28.3% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Bankers Trust CompanyBank Des Moines, IA | 64 out of 100, Moderate | $7.8B | 10.1% | 0.31% | vs |
| Hills Bank and Trust CompanyBank Hills, IA | 84 out of 100, Strong | $4.8B | 13.4% | 0.40% | vs |
| West BankBank West Des Moines, IA | 71 out of 100, Strong | $4.0B | 10.8% | 0.00% | vs |
| Northwest BankBank Spencer, IA | 70 out of 100, Strong | $3.0B | 10.1% | 0.23% | vs |
| Cedar Rapids Bank and Trust CompanyBank Cedar Rapids, IA | 87 out of 100, Very strong | $2.9B | 16.9% | 0.54% | vs |
| Quad City Bank and Trust CompanyBank Bettendorf, IA | 70 out of 100, Strong | $2.8B | 11.0% | 0.51% | vs |
Deposit insurance
Is my money safe at Principal Bank?
Yes. Principal Bank is an FDIC-insured institution (FDIC certificate #34507). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 45.6% of deposits ($4.2B) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 7.13%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.07% (benchmark: 10%).
1 location
Branches
Principal Bank lists 1 office in 1 city. Most locations:
- Des Moines, IA (1)
Identity & history
Profile
- Legal name
- Principal Bank
- Type
- Savings bank
- FDIC certificate #
- 34507
- RSSD ID
- 2654911
- Primary regulator
- OCC
- Established
- February 12, 1998
- Headquarters
- 750 Park Street, Des Moines, IA 50309
- Website
- www.principal.com/bank
- Employees
- 627
Quick answers
Principal Bank: common questions
Is Principal Bank FDIC insured?
Yes. Principal Bank is an FDIC-insured institution (FDIC certificate #34507). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Principal Bank's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Principal Bank ever failed?
There is no failure record for FDIC certificate #34507 in the FDIC failed bank list.
How many branches does Principal Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Des Moines
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| ITS BankBank Johnston, IA | 98 out of 100, Very strong | $45.2M | 97.5% | 0.00% | vs |
| Lamoure Credit UnionCredit union Lamoure, ND | 98 out of 100, Very strong | $38.8M | 18.9% | 0.00% | vs |
| Iowa State BankBank Des Moines, IA | 95 out of 100, Very strong | $480.5M | 15.9% | 0.00% | vs |
| Journey Credit UnionCredit union Des Moines, IA | 85 out of 100, Very strong | $97.6M | 16.9% | 1.11% | vs |
| Serve Credit UnionCredit union Des Moines, IA | 84 out of 100, Strong | $101.3M | 18.1% | 0.81% | vs |
| Charter BankBank Johnston, IA | 83 out of 100, Strong | $227.5M | 11.0% | 0.00% | vs |