Pine Island Bank

Overview / Commentary

www.pineislandbank.bank

507-356-8328

128 South Main Street
Pine Island, MN 55963

Pine Island Bank is headquartered in Pine Island and is the 160^th largest bank in the state of Minnesota. It is also the 3,844^th largest bank in the nation. It was established in 1931 and as of September of 2021, it had grown to 17 employees at 1 location. Pine Island Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q3 2021

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Health Grade Components

Overall
FDIC Certificate #	12193
Year Established	1931
Employees	17
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	2.51%
Return on Equity - YTD	23.25%
Annual Interest Income	$4.0MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$122.0MM$117.1MM
Loans	Q3 2021vs Q3 2020	$103.7MM$94.8MM
Deposits	Q3 2021vs Q3 2020	$100.3MM$95.0MM
Equity Capital	Q3 2021vs Q3 2020	$13.1MM$12.4MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$1.2MM$1.1MM
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$139.00K$270.00K
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

Pine Island Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1	-	Christmas Club Account
0.65%^*	$2k^*	-	Health Savings Account
OTHER TIERS: 0.15% → $500 - $1k \| 0.40% → $1k - $2k
0.10%	$50	-	Savings Account
0.10%	$50	-	Kids Club Account

Pine Island Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$500k^*	-	Money Market Deposit Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.16% → $2.5k - $25k \| 0.20% → $25k - $100k \| 0.30% → $100k - $250k \| 0.40% → $250k - $500k

Pine Island Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$2k	-	Pine Island NOW Checking Account
0.05%	$2.5k	-	Interest Business Checking Account

Pine Island Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.82%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.62% → $500 - $25k \| 0.72% → $25k - $100k
0.75%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.55% → $500 - $25k \| 0.65% → $25k - $100k
0.68%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.48% → $500 - $25k \| 0.58% → $25k - $100k
0.62%	$300	-	60 Month Young Savers CD
0.58%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.38% → $500 - $25k \| 0.48% → $25k - $100k
0.55%	$300	-	48 Month Young Savers CD
0.51%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.31% → $500 - $25k \| 0.41% → $25k - $100k
0.48%	$300	-	36 Month Young Savers CD
0.48%^*	$100k^*	-	24 Month Step-Up CD
OTHER TIERS: 0.28% → $2.5k - $25k \| 0.38% → $25k - $100k
0.48%^*	$100k^*	-	36 Month Triple Play CD
OTHER TIERS: 0.28% → $2.5k - $25k \| 0.38% → $25k - $100k
0.40%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.20% → $500 - $25k \| 0.30% → $25k - $100k
0.38%	$300	-	24 Month Young Savers CD
0.35%^*	$100k^*	-	3 Month CD
OTHER TIERS: 0.15% → $500 - $25k \| 0.25% → $25k - $100k
0.31%	$300	-	12 Month Young Savers CD

Pine Island Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.82%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 0.62% → $100 - $25k \| 0.72% → $25k - $100k
0.75%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.55% → $100 - $25k \| 0.65% → $25k - $100k
0.68%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.48% → $100 - $25k \| 0.58% → $25k - $100k
0.58%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.38% → $100 - $25k \| 0.48% → $25k - $100k
0.51%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.31% → $100 - $25k \| 0.41% → $25k - $100k

Locations

Pine Island Bank Locations
Pine Island Bank	128 South Main Street	Pine Island, MN 55963

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