Peoples State Bank of Madison Lake in Madison Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Peoples State Bank of Madison Lake - Overview

  • General
  • FDIC Certificate #: 1923
    Status: Active
    Federal Reserve ID: 957551
    Bank Holding Company (Regulatory Top Holder): Van Deusen Bancorp, Inc. (RSSDID: 1128871, Location: Madison Lake, MN)
    Date Established: November 15, 1901
    WWW: http://www.psbmadlake.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1288
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Main Street, Madison Lake, MN 56063
    County: Blue Earth
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $21.9 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $20.0 mil
    Return on assets (ROA): 0.16% ($0.0 mil)
    Quarterly return on assets: 0.33% ($0.1 mil)
    Return on Equity (ROE): 2.25% ($0.0 mil)
    Quarterly return on equity: 4.12% ($0.1 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.16% ($35.1 mil)
    Quarterly Pretax return on assets: 0.33% ($72.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $21,913Total assets
  • $5,149Cash and due from depository institutions
  • $2,803Interest-bearing balances
  • $1,868Securities
  • $1,086Federal funds sold & reverse repurchase agreements
  • $12,850Net loans & leases
  • $472Loan loss allowance
  • $0Trading account assets
  • $404Bank premises and fixed assets
  • $61Other real estate owned
  • $0Goodwill and other intangibles
  • $21,913Life insurance assets
  • $495All other assets
  • $20,082Total liabilities and capital
  • $20,048Total liabilities
  • $16,818Total deposits
  • $20,048Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $34Subordinated debt
  • $1,831All other liabilities
  • $1,831Total equity capital
  • $1,831Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $2,725Surplus
  • $-1,019Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $804Income earned, not collected on loans
  • $0Earning assets
  • $143Long-term assets (5+ years)
  • $18,607Average Assets, year-to-date
  • $444Average Assets, quarterly
  • $23,142Volatile liabilities
  • $21,563Insider loans
  • $13,877FHLB advances
  • $21,626Loans and leases held for sale
  • $189Unused loan commitments
  • $189Tier 1 (core) risk-based capital
  • $1,754Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,240Restructured Loans and leases
  • $48Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,012Total interest income
  • $253Total interest expense
  • $759Net interest income
  • $15Provision for loan and lease losses
  • $162Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $870Total noninterest expense
  • $462Salaries and employee benefits
  • $150Premises and equipment expense
  • $258Additional noninterest expense
  • $36Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $36Income before extraordinary items
  • $0Extraordinary gains - net
  • $36Net income attributable to bank
  • $0Net charge-offs
  • $36Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.16%Pretax return on assets
  • 2.25%Return on equity (ROE)
  • 2.25%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 55.56%Credit loss provision to net charge-offs
  • 1.89%Efficiency ratio
  • 94,463Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.54%Loss allowance to noncurrent loans
  • 58.71%Noncurrent assets plus other real estate owned to assets
  • 3.95%Noncurrent loans to loans
  • 6.04%Net loans and leases to deposits
  • 64.10%Net loans and leases to core deposits
  • 64.10%Equity capital to assets
  • 8.36%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 12.64%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $23,142Average earning assets
  • $1,597Average equity
  • $19,762Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01288Peoples State Bank Of Madison Lake500 Main Street, Madison Lake, MN 56063November 15, 1901Full Service Brick and Mortar
    1190422Eagle Lake Branch401 Parkway, Eagle Lake, MN 56024September 14, 1992Full Service Brick and Mortar

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