Peoples State Bank (MN)

Overview / Commentary

www.peoplesstatebank.com

507-534-3137

100 4th Avenue S.E.
Plainview, MN 55964

Peoples State Bank (MN) is headquartered in Plainview and is the 67^th largest bank in the state of Minnesota. It is also the 2,277^th largest bank in the nation. It was established in 1925 and as of March of 2022, it had grown to 45 employees at 6 locations. Peoples State Bank (MN)'s savings rates are 54% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	1100
Year Established	1925
Employees	45
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.01%
Return on Equity - YTD	13.28%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$345.1MM$340.4MM
Loans	Q1 2022vs Q1 2021	$194.9MM$192.9MM
Deposits	Q1 2022vs Q1 2021	$309.3MM$295.9MM
Equity Capital	Q1 2022vs Q1 2021	$22.5MM$28.7MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$2.4MM$2.4MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$434.00K$438.00K
Real Estate Owned	Q1 2022vs Q1 2021	$0$83.00K

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Peoples State Bank (MN) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^*	$200k^*	-	Peoples Preferred Savings
OTHER TIERS: 0.40% → $1k - $7.5k \| 0.55% → $7.5k - $50k \| 0.65% → $50k - $100k \| 0.70% → $100k - $200k
0.75%	-	$10k	Kasasa Saver
0.50%	-	$100k	IRA Savings
0.25%^*	$20k^*	-	HSA Savings
OTHER TIERS: 0.15% → Up to $20k
0.10%	-	$100k	Regular Savings
0.10%	-	$100k	Minor Savings

Peoples State Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$100k^*	-	Money Market Checking
OTHER TIERS: 0.10% → $2.5k - $10k \| 0.15% → $10k - $100k

Peoples State Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.53%	-	$10k	Kasasa Cash
0.15%^*	$250k^*	-	Express Checking with Interest
OTHER TIERS: 0.05% → $1k - $50k \| 0.10% → $50k - $250k

Peoples State Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.20%^*	$35k^*	-	60 Month CD
OTHER TIERS: 1.10% → $250 - $10k \| 1.15% → $10k - $35k
1.00%^*	$35k^*	-	36 Month CD
OTHER TIERS: 0.90% → $250 - $10k \| 0.95% → $10k - $35k
1.00%^*	$35k^*	-	48 Month CD
OTHER TIERS: 0.90% → $250 - $10k \| 0.95% → $10k - $35k
0.85%^*	$35k^*	-	24 Month CD
OTHER TIERS: 0.75% → $250 - $10k \| 0.80% → $10k - $35k
0.75%^*	$35k^*	-	12 Month CD
OTHER TIERS: 0.65% → $250 - $10k \| 0.70% → $10k - $35k
0.35%^*	$35k^*	-	6 Month CD
OTHER TIERS: 0.30% → $2.5k - $35k
0.25%	$2.5k	-	1 Month CD
0.25%	$2.5k	-	3 Month CD

Locations

Peoples State Bank (MN) Locations
Peoples State Bank Of Plainview	100 4th Avenue S.E.	Plainview, MN 55964
Menomonie Branch	1428 Broadway St N	Menomonie, WI 54751
Elgin Branch	155 East Main	Elgin, MN 55932
Boyceville Branch	715 Highway 79	Boyceville, WI 54725
Altura Br	411 Main Street, N.W.	Altura, MN 55910

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