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 balances2510
Interest-bearing balances1628
Held to maturity securities0
Available for sale securities60699
Federal funds sold116
Securities purchased under agreements to resell0
Loans and leases held for sale334
Loans and leases net of unearned income123457
Less: allowance for loan and lease losses1,576
Net of unearned income and allowance121881
Trading Assets0
Premises and fixed assets1874
Other real estate owned202
Investments in unconsolidated subsidaries0
Intangible assets Goodwill0
Intangible assets Other0
Other Assets6055

Total Assets



Deposits in domestic offices162735
Non-interest bearing27074
Interest bearing135661
Federal funds purchased0
Securities sold under agreements to repurchase0
Trading liabilities0
Other borrowed money11013
Subordinated notes and debentures0
Other liabilities3401

Total Liabilities


Equity Capital

Perpetual preferred stock0
Common Stock900
Retained earnings6751
Accumulated other comprehensive income899
Other equity capital components0
Total bank equity capital18150
Minority interest in consolidated subsidiaries0
Total Equity Capital18150

Total Liabilities & Equity Capital