Produce State Bank is headquartered in Hollandale and is the 220th largest bank in the state of Minnesota. It is also the 4,734th largest bank in the nation. It was established in 1926 and as of September of 2018, it had grown to 11 employees at 3 locations. Produce State Bank has a B+ health rating.
This bank has always been a pleasure to work with. I have had an account with them all my life, I am 24 now and deployed to Kuwait, They have been helpfull with everything that i need and leave me with no worries, i have had three other bank accounts with other institutions to include one local credit union and this bank's straight shooting business plan and simplicity, far and away makes it my favorite choice. Easy people to get along with and deal with and straight forward answers to questions along with no big bank type fees just makes them a pleasure to do business with.
|FDIC Certificate #||10178|
|Return on Assets - YTD||1.73%|
|Return on Equity - YTD||18.5%|
|Annual Interest Income||$1.8MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$63.7MM$64.5MM|
|Loans||Q3 2018vs Q3 2017||$36.2MM$32.4MM|
|Deposits||Q3 2018vs Q3 2017||$57.3MM$58.2MM|
|Equity Capital||Q3 2018vs Q3 2017||$6.1MM$6.1MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$409.00K$451.00K|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$0$344.00K|
|Real Estate Owned||Q3 2018vs Q3 2017||$11.00K$25.00K|
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|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|