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


Peoples State Bank of Wells - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 6Total employees (full-time equivalent)
  • $27,202Total assets
  • $3,674Cash and due from depository institutions
  • $3,126Interest-bearing balances
  • $1,265Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $21,023Net loans & leases
  • $165Loan loss allowance
  • $0Trading account assets
  • $891Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $27,202Life insurance assets
  • $349All other assets
  • $24,202Total liabilities and capital
  • $23,834Total liabilities
  • $19,334Total deposits
  • $23,834Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 352.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $16Subordinated debt
  • $3,000All other liabilities
  • $3,000Total equity capital
  • $3,000Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $1,500Surplus
  • $1,150Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $52Income earned, not collected on loans
  • $0Earning assets
  • $297Long-term assets (5+ years)
  • $25,414Average Assets, year-to-date
  • $5,928Average Assets, quarterly
  • $26,578Volatile liabilities
  • $26,705Insider loans
  • $22,029FHLB advances
  • $26,850Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,945Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,484Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 12.85%Return on equity (ROE)
  • 7.71%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,929Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 317.31%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 88.21%Net loans and leases to core deposits
  • 88.21%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 10.97%Tier 1 risk-based capital ratio
  • 13.37%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $26,578Average earning assets
  • $2,879Average equity
  • $24,621Average loans

List of branches

  • 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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