Skip to content

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 Altura, Elgin and Millville, MN, as well as Boyceville and Menomonie, WI. 

(Figures are in 000s) 

Non-interest bearing balances 3,042
Interest-bearing balances 8,727
Held to maturity securities 0
Available for sale securities 52,622
Federal funds sold 66
Securities purchased under agreements to resell 0
Loans and leases held for sale 76
Loans and leases net of unearned income 181,089
Less: allowance for loan and lease losses 1,950
Net of unearned income and allowance 179,139
Trading Assets 0
Premises and fixed assets 2,072
Other real estate owned 0
Investments in unconsolidated subsidaries 0
Intangible assets Goodwill 2,082
Intangible assets Other 148
Other Assets 8,081
Total Assets 256,055
Deposits in domestic offices 218,591
Non-interest bearing 36,574
Interest bearing 182,017
Federal funds purchased 0
Securities sold under agreements to repurchase 0
Trading liabilities 0
Other borrowed money 11,371
Subordinated notes and debentures 0
Other liabilities 3,253
Total Liabilities 233,215
Equity Capital 
Perpetual preferred stock 0
Common Stock 900
Surplus 15,600
Retained earnings 7,328
Accumulated other comprehensive income (988)
Other equity capital components 0
Total bank equity capital 22,840
Minority interest in consolidated subsidiaries 0
Total Equity Capital 22,840
Total Liabilities & Equity Capital 256,055