Peoples State Bank

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Important Disclosure Regarding Deposit Insurance on Noninterest-bearing Transaction Accounts

About Us

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. In 1992, Peoples State Bank acquired branches in Elgin and Millville, Minnesota. In May of 1998, Peoples State Bank’s Main Office moved into the new Professional Building located at 100 4th Ave SE, Plainview, MN. In December of 2004, Peoples State Bank merged with Red Cedar Bank of Boyceville and Menomonie, Wisconsin. Red Cedar Bank was also owned by the William R Zabel family.

Statement of Condition
December 31, 2011

ASSETS
Non-interest-bearing balances	3,273
Interest-bearing balances	2092

Held to maturity securities	0
Available for sale securities	57,457

Federal funds sold	95
Securities purchased under agreements to resell	0

Loans and leases held for sale	782
Loans and leases net of unearned income	107,952
Less: allowance for loan and lease losses	1,825
Net of unearned income and allowance	106,127
Trading Assets	0
Premises and fixed assets	2,213
Other real estate owned	866
Investments in unconsolidated subsidiaries	0

Intangible assets Goodwill	0
Intangible assets Other	0
Other Assets	6,134
TOTAL ASSETS	179,039


LIABILITIES
Deposits in domestic offices	142,534
Non-interest bearing	24,300
Interest bearing	118,234

Federal funds purchased	0
Securities sold under agreements to repurchase	4,832
Trading liabilities	0

Other borrowed money	12,371

Subordinated notes and debentures	0
Other liabilities	2,318
Total Liabilities	162,055
Minority interest in consolidated subsidiaries	0

EQUITY CAPITAL
Perpetual preferred stock	0
Common Stock	900
Surplus	7,100
Retained earnings	7,619
Accumulated other comprehensive income	1,365
Other equity capital components	0
Total Equity Capital	16,984
TOTAL LIABILITIES & EQUITY CAPITAL	179,039

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