Overview / Commentary
109 Park Ave W
Hollandale, MN 56045

Produce State Bank is headquartered in Hollandale and is the 216th largest bank in the state of Minnesota. It is also the 4,700th largest bank in the nation. It was established in 1926 and as of December of 2018, it had grown to 11 employees at 3 locations. Produce State Bank has a B+ health rating.

Reviews (1)

Produce State Bank

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.

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. Produce State Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10178
Year Established1926
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD17.19%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$63.9MM$66.0MM
LoansQ4 2018vs Q4 2017$38.2MM$32.8MM
DepositsQ4 2018vs Q4 2017$57.4MM$59.9MM
Equity CapitalQ4 2018vs Q4 2017$6.3MM$5.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$426.00K$535.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$0$261.00K
Real Estate OwnedQ4 2018vs Q4 2017$11.00K$25.00K

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Produce State Bank Locations
Produce State Bank109 Park Ave WHollandale, MN 56045
Albert Lea Branch220 East William StreetAlbert Lea, MN 56007
Albert Lea Bridge Avenue Branch2401 Bridge AvenueAlbert Lea, MN 56007

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