Peoples State Bank of Wells in Wells, Minnesota (MN)

Show street view No street view available for this location

Peoples State Bank of Wells routing number info

Table of contents:
Peoples State Bank of Wells
GeneralFDIC Certificate #: 8840
Status: Active
Federal Reserve ID: 192651
Bank Holding Company (Regulatory Top Holder): Peoples Equity Corporation (RSSDID: 1125124, Location: Wells, MN)
Date Established: Febuary 29, 1924
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 5635
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 98 3rd Street Se, Wells, MN 56097
County: Faribault
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $27.2 mil
Equity capital: $3.0 mil
Deposits held in domestic offices: $23.8 mil
Return on assets (ROA): 1.39% ($0.4 mil)
Quarterly return on assets: 1.48% ($0.4 mil)
Return on Equity (ROE): 12.85% ($0.4 mil)
Quarterly return on equity: 13.34% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.39% ($378.1 mil)
Quarterly Pretax return on assets: 1.48% ($402.6 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)
Total employees (full-time equivalent)6
Total assets$27,202
Cash and due from depository institutions$3,674
Interest-bearing balances$3,126
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$21,023
Loan loss allowance $165
Trading account assets$0
Bank premises and fixed assets$891
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$349
Life insurance assets$27,202
Total liabilities and capital$24,202
Total liabilities$23,834
Total deposits$19,334
Interest-bearing deposits$23,834
Deposits held in domestic offices$99
% insured (estimated)352.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $16
All other liabilities $3,000
Total equity capital$3,000
Total bank equity capital$3,000
Perpetual preferred stock$0
Common stock$350
Undivided profits $1,150
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $52
Earning assets $0
Long-term assets (5+ years) $297
Average Assets, year-to-date $25,414
Average Assets, quarterly $5,928
Volatile liabilities $26,578
Insider loans $26,705
FHLB advances $22,029
Loans and leases held for sale $26,850
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,945
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,484
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,129
Total interest expense $147
Net interest income $982
Provision for loan and lease losses $0
Total noninterest income $73
Fiduciary activities $0
Service charges on deposit accounts $47
Trading account gains & fees $0
Additional noninterest income $26
Total noninterest expense $685
Salaries and employee benefits $354
Premises and equipment expense $106
Additional noninterest expense $225
Pre-tax net operating income $370
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $370
Extraordinary gains - net $0
Net income attributable to bank $370
Net charge-offs $0
Cash dividends $370
Sale, conversion, retirement of capital stock, net $0
Net operating income $148
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.59%
Cost of funding earning assets 0.60%
Net interest margin 3.99%
Noninterest income to earning assets 0.30%
Noninterest expense to earning assets 2.78%
Net operating income to assets 1.39%
Return on assets (ROA) 1.39%
Pretax return on assets 1.39%
Return on equity (ROE) 12.85%
Retained earnings to average equity (YTD only) 7.71%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$64,929
Cash dividends to net income (YTD only)4.53%
Condition Ratios (%)
Loss allowance to loans 40.00%
Loss allowance to noncurrent loans 0.78%
Noncurrent assets plus other real estate owned to assets 317.31%
Noncurrent loans to loans 0.19%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 88.21%
Equity capital to assets 88.21%
Core capital (leverage) ratio 11.03%
Tier 1 risk-based capital ratio 10.97%
Total risk-based capital ratio 13.37%
Average assets$14
Average earning assets$26,578
Average equity $2,879
Average loans $24,621
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05635Peoples State Bank Of Wells98 3rd Street Se, Wells, MN 56097Febuary 29, 1924Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Peoples State Bank of Wells.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.