Polk County Bank
Johnston, IA · Owner: Polk County Bcorp Inc
$91.6M
total assets, September 30, 2011
$91.6M
total assets, September 30, 2011
Polk County Bank was a state nonmember bank in Johnston, IA, owned by Polk County Bcorp Inc. It failed on Nov 18, 2011, and Grinnell State Bank took over its deposits. At its last report it held $91.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2011
This bank failed
- Failed on
- Nov 18, 2011
- Assets
- $91.6M
- Deposits
- $82.0M
- Estimated cost
- $16.1M
- Deposits went to
- Grinnell State Bank, Grinnell, IA
Total assets
$91.6M
-16.4% in a year · -7.4% in a quarter
Deposits
$82.0M
-12.9% in a year · -4.6% in a quarter
Loans
$55.1M
-19.6% in a year · -3.7% in a quarter
Profit so far
-$2.3M
Jan 1 to Sep 30, 2011
Capital ratio
1.35%
-2.61 pts in a year
Return on assets
-3.10%
-0.70 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 5601 Merle Hay Road, Johnston, IA, 50131
- County
- Polk
- Holding company
- Polk County Bcorp Inc
- Established
- Mar 1, 1903
- Failed
- Nov 18, 2011
- Employees
- 33
- Branches
- 3
- Id
- b14194
Quarter by quarter
March 31, 1984 to September 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Polk County Bank?
$91.6 million in total assets and $82.0 million in deposits as of September 30, 2011, with assets down 16.4% from a year before. Its loans were $55.1 million.
How many branches does Polk County Bank have?
3 branches in Iowa as of June 30, 2026.
Is Polk County Bank profitable?
No: it lost $2.29 million from January 1 to September 30, 2011. Its return on assets was -3.10% a year; about 1% is typical.
Who owns Polk County Bank?
Polk County Bank is owned by Polk County Bcorp Inc, its holding company.
When did Polk County Bank fail?
Nov 18, 2011. Grinnell State Bank of Grinnell, IA took over its deposits. The estimated cost of the failure was $16.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.