Statement of Condition

Peoples State Bank is a locally owned bank in Plainview, Minnesota. It was established in 1925 by William R Zabel and continues to be owned and operated by the Zabel family today. Since those early days, PSB has expanded and merged to include branches in Elgin and Millville, MN, as well as Boyceville and Menomonie, WI.

Statement of Condition

(Figures are in 000's)


Non-interest bearing balances3690
Interest-bearing balances3331
Held to maturity securities0
Available for sale securities61179
Federal funds sold62
Securities purchased under agreements to resell0
Loans and leases held for sale263
Loans and leases net of unearned income115937
Less: allowance for loan and lease losses1,590
Net of unearned income and allowance114347
Trading Assets0
Premises and fixed assets2045
Other real estate owned82
Investments in unconsolidated subsidaries0
Intangible assets Goodwill0
Intangible assets Other0
Other Assets6050

Total Assets



Deposits in domestic offices154104
Non-interest bearing27653
Interest bearing126451
Federal funds purchased2150
Securities sold under agreements to repurchase4656
Trading liabilities0
Other borrowed money10950
Subordinated notes and debentures0
Other liabilities2514

Total Liabilities


Equity Capital

Perpetual preferred stock0
Common Stock900
Retained earnings7384
Accumulated other comprehensive income-209
Other equity capital components0
Total bank equity capital16,675
Minority interest in consolidated subsidiaries0
Total Equity Capital16,675

Total Liabilities & Equity Capital