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 140^th largest bank in the state of Minnesota. It is also the 3,533^rd largest bank in the nation. It was established in 1931 and as of March of 2022, it had grown to 15 employees at 1 location. Pine Island Bank has an A+ health rating.

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Health

A+

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	12193
Year Established	1931
Employees	15
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.82%
Return on Equity - YTD	11.58%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$148.7MM$116.6MM
Loans	Q1 2022vs Q1 2021	$106.4MM$94.9MM
Deposits	Q1 2022vs Q1 2021	$120.8MM$98.2MM
Equity Capital	Q1 2022vs Q1 2021	$22.7MM$12.4MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$75.00K$1.2MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$134.00K$157.00K
Real Estate Owned	Q1 2022vs Q1 2021	$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
0.07%	-	-	Savings Account
0.07%	-	-	Kids Club Account

Pine Island Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.29%^*	$500k^*	-	Money Market Deposit Account
OTHER TIERS: 0.07% → Up to $2.5k \| 0.10% → $2.5k - $25k \| 0.15% → $25k - $100k \| 0.17% → $100k - $250k \| 0.25% → $250k - $500k

Pine Island Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%	$2.5k	-	Interest Business Checking Account
0.01%	$2k	-	Pine Island PLUS Checking

Pine Island Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.78%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.58% → $500 - $25k \| 0.68% → $25k - $100k
0.73%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.53% → $500 - $25k \| 0.63% → $25k - $100k
0.66%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.46% → $500 - $25k \| 0.56% → $25k - $100k
0.58%	$300	$25k	60 Month Young Savers CD
0.56%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.36% → $500 - $25k \| 0.46% → $25k - $100k
0.53%	$300	$25k	48 Month Young Savers CD
0.49%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.29% → $500 - $25k \| 0.39% → $25k - $100k
0.46%	$300	$25k	36 Month Young Savers CD
0.36%	$300	$25k	24 Month Young Savers CD
0.36%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.16% → $500 - $25k \| 0.26% → $25k - $100k
0.30%^*	$100k^*	-	3 Month CD
OTHER TIERS: 0.10% → $500 - $25k \| 0.20% → $25k - $100k
0.29%	$300	$25k	12 Month Young Savers CD

Pine Island Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.78%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 0.58% → $100 - $25k \| 0.68% → $25k - $100k
0.73%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.53% → $100 - $25k \| 0.63% → $25k - $100k
0.66%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.46% → $100 - $25k \| 0.56% → $25k - $100k
0.56%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.36% → $100 - $25k \| 0.46% → $25k - $100k
0.49%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.29% → $100 - $25k \| 0.39% → $25k - $100k

Locations

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

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