Overview / Commentary
128 South Main Street
Pine Island, MN 55963

Pine Island Bank is headquartered in Pine Island and is the 172nd largest bank in the state of Minnesota. It is also the 4,208th largest bank in the nation. It was established in 1931 and as of September of 2018, it had grown to 17 employees at 1 location. Pine Island Bank's money market rates are 82% higher than the national average, and it has an A 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. Pine Island Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #12193
Year Established1931
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD17.49%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$96.2MM$91.4MM
LoansQ3 2018vs Q3 2017$77.8MM$72.4MM
DepositsQ3 2018vs Q3 2017$76.5MM$71.0MM
Equity CapitalQ3 2018vs Q3 2017$10.9MM$10.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$902.00K$828.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$215.00K$249.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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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

2.00%$1-Christmas Club Account
0.75%*$2k*-Health Savings Account
OTHER TIERS: 0.25% $500 - $1k | 0.50% $1k - $2k
0.20%$50-Savings Account
0.20%$50-Kids Club Account

Pine Island Bank Money Market Rates

0.80%*$500k*-Money Market Deposit Account
OTHER TIERS: 0.20% Up to $2.5k | 0.40% $2.5k - $25k | 0.50% $25k - $100k | 0.60% $100k - $250k | 0.70% $250k - $500k

Pine Island Bank Checking Account Rates

0.11%$2k-Pine Island NOW Checking Account
0.11%$2.5k-Interest Business Checking Account

Pine Island Bank CD Rates

2.22%*$100k*-60 Month CD
OTHER TIERS: 2.02% $500 - $25k | 2.12% $25k - $100k
2.02%$300-60 Month Young Savers CD
1.96%*$100k*-48 Month CD
OTHER TIERS: 1.80% $500 - $25k | 1.90% $25k - $100k
1.80%$300-48 Month Young Savers CD
1.72%*$100k*-36 Month CD
OTHER TIERS: 1.52% $500 - $25k | 1.62% $25k - $100k
1.52%$300-36 Month Young Savers CD
1.52%*$100k*-36 Month Triple Play CD
OTHER TIERS: 1.32% $2.5k - $25k | 1.42% $25k - $100k
1.48%*$100k*-24 Month CD
OTHER TIERS: 1.28% $500 - $25k | 1.38% $25k - $100k
1.38%*$100k*-24 Month Step-Up CD
OTHER TIERS: 1.18% $2.5k - $25k | 1.28% $25k - $100k
1.30%*$100k*-12 Month CD
OTHER TIERS: 1.09% $500 - $25k | 1.20% $25k - $100k
1.28%$300-24 Month Young Savers CD
1.09%$300-12 Month Young Savers CD
1.00%*$100k*-6 Month CD
OTHER TIERS: 0.80% $500 - $25k | 0.90% $25k - $100k
0.84%*$100k*-3 Month CD
OTHER TIERS: 0.64% $500 - $25k | 0.74% $25k - $100k

Pine Island Bank IRA Rates

2.22%*$100k*-60 Month IRA
OTHER TIERS: 2.02% $100 - $25k | 2.12% $25k - $100k
1.96%*$100k*-48 Month IRA
OTHER TIERS: 1.80% $100 - $25k | 1.90% $25k - $100k
1.72%*$100k*-36 Month IRA
OTHER TIERS: 1.52% $100 - $25k | 1.62% $25k - $100k
1.48%*$100k*-24 Month IRA
OTHER TIERS: 1.28% $100 - $25k | 1.38% $25k - $100k
1.30%*$100k*-12 Month IRA
OTHER TIERS: 1.09% $100 - $25k | 1.20% $25k - $100k

Pine Island Bank Locations
Pine Island Bank128 South Main StreetPine Island, MN 55963

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