Produce State Bank Reviews and Rates

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.producestatebank.com

507-889-4311

109 Park Ave W
Hollandale, MN 56045

Produce State Bank is headquartered in HOLLANDALE and is the 160^th largest bank in the state of Minnesota. It is also the 3,717^th largest bank in the nation. It was established in 1926 and as of March of 2025, it had grown to 20 employees at 4 locations. Produce State Bank has a B+ health rating.

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Health

B+

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	10178
Year Established	1926
Employees	20
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.55%
Return on Equity - YTD	14.57%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$111.1MM$111.9MM
Loans	Q1 2025vs Q1 2024	$52.2MM$49.6MM
Deposits	Q1 2025vs Q1 2024	$98.7MM$99.4MM
Equity Capital	Q1 2025vs Q1 2024	$12MM$12.1MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$599K$589K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$707K$607K
Real Estate Owned	Q1 2025vs Q1 2024	$0$69K

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Produce State Bank.

Locations

Produce State Bank Locations
Produce State Bank	109 Park Ave W	Hollandale, MN 56045
Albert Lea Branch	220 East William Street	Albert Lea, MN 56007
Albert Lea Bridge Avenue Branch	2401 Bridge Avenue	Albert Lea, MN 56007
Glenville Branch	300 West Main Street	Glenville, MN 56036

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