Peoples State Bank

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Deposits at Peoples State Bank are insured for $250,000 per depositor through December 31st, 2013

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
June 30, 2010

ASSETS
Non-interest-bearing balances	1,597
Interest-bearing balances	4,450

Held to maturity securities	0
Available for sale securities	38,647

Federal funds sold	310
Securities purchased under agreements to resell	0

Loans and leases held for sale	1,110
Loans and leases net of unearned income	107,029
Less: allowance for loan and lease losses	1,708
Net of unearned income and allowance	105,321
Trading Assets	0
Premises and fixed assets	2,379
Other real estate owned	693
Investments in unconsolidated subsidiaries	0

Intangible assets Goodwill	0
Intangible assets Other	0
Other Assets	6,100
TOTAL ASSETS	160,607


LIABILITIES
Deposits in domestic offices	128,844
Non-interest bearing	18,605
Interest bearing	110,239

Federal funds purchased	0
Securities sold under agreements to repurchase	504
Trading liabilities	0

Other borrowed money	13,658

Subordinated notes and debentures	0
Other liabilities	2,206
Total Liabilities	145,212
Minority interest in consolidated subsidiaries	0

EQUITY CAPITAL
Perpetual preferred stock	0
Common Stock	900
Surplus	6,100
Retained earnings	7,520
Accumulated other comprehensive income	875
Other equity capital components	0
Total Equity Capital	15,395
TOTAL LIABILITIES & EQUITY CAPITAL	160,607

Informational video: Your Security, Our Priority