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



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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
WWW: http://www.peoplesstatebankwells.com
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
Securities$1,265
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
Surplus$1,500
Undivided profits $1,150
Memoranda
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
Derivatives$0
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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
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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%
Memoranda
Average assets$14
Average earning assets$26,578
Average equity $2,879
Average loans $24,621
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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
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