FDIC Certificate #: 8840 Status: Active Federal Reserve ID: 192651 Bank Holding Company (Regulatory Top Holder): Peoples Equity Corporation (RSSDID: 1125124, Location: Wells, MN) Date Established: Febuary 29, 1924 WWW:http://www.peoplesstatebankwells.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5635 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 98 3rd Street Se, Wells, MN 56097 County: Faribault Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $27.2 mil Equity capital: $3.0 mil Deposits held in domestic offices: $23.8 mil Return on assets (ROA): 1.39% ($0.4 mil) Quarterly return on assets: 1.48% ($0.4 mil) Return on Equity (ROE): 12.85% ($0.4 mil) Quarterly return on equity: 13.34% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.39% ($378.1 mil) Quarterly Pretax return on assets: 1.48% ($402.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$27,202Total assets
$3,674Cash and due from depository institutions
$3,126Interest-bearing balances
$1,265Securities
$0Federal funds sold & reverse repurchase agreements
$21,023Net loans & leases
$165Loan loss allowance
$0Trading account assets
$891Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$27,202Life insurance assets
$349All other assets
$24,202Total liabilities and capital
$23,834Total liabilities
$19,334Total deposits
$23,834Interest-bearing deposits
$99Deposits held in domestic offices
352.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$16Subordinated debt
$3,000All other liabilities
$3,000Total equity capital
$3,000Total bank equity capital
$0Perpetual preferred stock
$350Common stock
$1,500Surplus
$1,150Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$52Income earned, not collected on loans
$0Earning assets
$297Long-term assets (5+ years)
$25,414Average Assets, year-to-date
$5,928Average Assets, quarterly
$26,578Volatile liabilities
$26,705Insider loans
$22,029FHLB advances
$26,850Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,945Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,484Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,129Total interest income
$147Total interest expense
$982Net interest income
$0Provision for loan and lease losses
$73Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$685Total noninterest expense
$354Salaries and employee benefits
$106Premises and equipment expense
$225Additional noninterest expense
$370Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$370Income before extraordinary items
$0Extraordinary gains - net
$370Net income attributable to bank
$0Net charge-offs
$370Cash dividends
$0Sale, conversion, retirement of capital stock, net
$148Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.59%Yield on earning assets
0.60%Cost of funding earning assets
3.99%Net interest margin
0.30%Noninterest income to earning assets
2.78%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
1.39%Pretax return on assets
12.85%Return on equity (ROE)
7.71%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,929Assets per employee
4.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.00%Loss allowance to loans
0.78%Loss allowance to noncurrent loans
317.31%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.25%Net loans and leases to deposits
88.21%Net loans and leases to core deposits
88.21%Equity capital to assets
11.03%Core capital (leverage) ratio
10.97%Tier 1 risk-based capital ratio
13.37%Total risk-based capital ratio
Memoranda
$14Average assets
$26,578Average earning assets
$2,879Average equity
$24,621Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5635
Peoples State Bank Of Wells
98 3rd Street Se, Wells, MN 56097
Febuary 29, 1924
Full Service Brick and Mortar
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