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 balances3587
Interest-bearing balances3334
Held to maturity securities0
Available for sale securities54989
Federal funds sold72
Securities purchased under agreements to resell0
Loans and leases held for sale465
Loans and leases net of unearned income127563
Less: allowance for loan and lease losses1,578
Net of unearned income and allowance125985
Trading Assets0
Premises and fixed assets1818
Other real estate owned202
Investments in unconsolidated subsidaries0
Intangible assets Goodwill0
Intangible assets Other0
Other Assets6238

Total Assets



Deposits in domestic offices165169
Non-interest bearing27926
Interest bearing137243
Federal funds purchased0
Securities sold under agreements to repurchase0
Trading liabilities0
Other borrowed money10502
Subordinated notes and debentures0
Other liabilities2868

Total Liabilities


Equity Capital

Perpetual preferred stock0
Common Stock900
Retained earnings7126
Accumulated other comprehensive income525
Other equity capital components0
Total bank equity capital18151
Minority interest in consolidated subsidiaries0
Total Equity Capital18151

Total Liabilities & Equity Capital