Overview / Commentary
98 3rd Street Se
Wells, MN 56097

Peoples State Bank of Wells is headquartered in Wells and is the 235th largest bank in the state of Minnesota. It is also the 4,953rd largest bank in the nation. It was established in 1924 and as of September of 2018, it had grown to 11 employees at 1 location. Peoples State Bank of Wells has a B health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Peoples State Bank of Wells has a relatively low asset base.

Health Grade Components

FDIC Certificate #8840
Year Established1924
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD7.1%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$51.9MM$55.4MM
LoansQ3 2018vs Q3 2017$44.8MM$44.2MM
DepositsQ3 2018vs Q3 2017$45.4MM$48.4MM
Equity CapitalQ3 2018vs Q3 2017$6.5MM$7.0MM
Loan Loss AllowanceQ3 2018vs Q3 2017$301.00K$211.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$221.00K$156.00K
Real Estate OwnedQ3 2018vs Q3 2017$13.00K$126.00K
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Peoples State Bank of Wells CD Rates

1.10%$1k-27 Month Trade Up CD Special

Peoples State Bank of Wells Locations
Peoples State Bank Of Wells98 3rd Street SeWells, MN 56097

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