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

Statement of Condition

(Figures are in 000's)


Non-interest bearing balances3272
Interest-bearing balances9273
Held to maturity securities0
Available for sale securities51947
Federal funds sold110
Securities purchased under agreements to resell0
Loans and leases held for sale1699
Loans and leases net of unearned income172756
Less: allowance for loan and lease losses1780
Net of unearned income and allowance170976
Trading Assets0
Premises and fixed assets2285
Other real estate owned46
Investments in unconsolidated subsidaries0
Intangible assets Goodwill2456
Intangible assets Other190
Other Assets7699

Total Assets



Deposits in domestic offices212817
Non-interest bearing38321
Interest bearing174496
Federal funds purchased0
Securities sold under agreements to repurchase0
Trading liabilities0
Other borrowed money10520
Subordinated notes and debentures0
Other liabilities3109

Total Liabilities


Equity Capital

Perpetual preferred stock0
Common Stock900
Retained earnings8229
Accumulated other comprehensive income778
Other equity capital components0
Total bank equity capital23507
Minority interest in consolidated subsidiaries0
Total Equity Capital23507

Total Liabilities & Equity Capital