Produce State Bank in Hollandale, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Produce State Bank in Hollandale, Minnesota (MN)
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Produce State Bank routing number info

Produce State Bank - Overview

  • General
  • FDIC Certificate #: 10178
    Status: Active
    Federal Reserve ID: 24659
    Date Established: August 02, 1926
    WWW: http://www.producestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6519
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending 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: 109 Park Ave W, Hollandale, MN 56045
    County: Freeborn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Albert Lea, MN (#10660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $38.7 mil
    Equity capital: $4.6 mil
    Deposits held in domestic offices: $34.1 mil
    Return on assets (ROA): 1.46% ($0.6 mil)
    Quarterly return on assets: 1.33% ($0.5 mil)
    Return on Equity (ROE): 12.09% ($0.6 mil)
    Quarterly return on equity: 10.73% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.46% ($565.0 mil)
    Quarterly Pretax return on assets: 1.33% ($514.7 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
  • 9Total employees (full-time equivalent)
  • $38,702Total assets
  • $5,790Cash and due from depository institutions
  • $3,354Interest-bearing balances
  • $803Securities
  • $7,403Federal funds sold & reverse repurchase agreements
  • $23,893Net loans & leases
  • $393Loan loss allowance
  • $0Trading account assets
  • $239Bank premises and fixed assets
  • $187Other real estate owned
  • $0Goodwill and other intangibles
  • $38,702Life insurance assets
  • $387All other assets
  • $34,141Total liabilities and capital
  • $34,055Total liabilities
  • $29,664Total deposits
  • $34,055Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $86Subordinated debt
  • $4,561All other liabilities
  • $4,561Total equity capital
  • $4,561Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,450Surplus
  • $2,061Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $839Income earned, not collected on loans
  • $0Earning assets
  • $323Long-term assets (5+ years)
  • $35,453Average Assets, year-to-date
  • $5,601Average Assets, quarterly
  • $38,211Volatile liabilities
  • $37,807Insider loans
  • $25,875FHLB advances
  • $38,019Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,561Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,734Restructured Loans and leases
  • $198Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,640Total interest income
  • $300Total interest expense
  • $1,340Net interest income
  • $58Provision for loan and lease losses
  • $270Total noninterest income
  • $0Fiduciary activities
  • $257Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $995Total noninterest expense
  • $621Salaries and employee benefits
  • $136Premises and equipment expense
  • $238Additional noninterest expense
  • $557Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $557Income before extraordinary items
  • $0Extraordinary gains - net
  • $557Net income attributable to bank
  • $0Net charge-offs
  • $557Cash dividends
  • $47Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 12.09%Return on equity (ROE)
  • 3.41%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 123.40%Credit loss provision to net charge-offs
  • 13.09%Efficiency ratio
  • 61,801Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.81%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 46.84%Noncurrent assets plus other real estate owned to assets
  • 2.65%Noncurrent loans to loans
  • 3.45%Net loans and leases to deposits
  • 70.16%Net loans and leases to core deposits
  • 72.10%Equity capital to assets
  • 11.78%Core capital (leverage) ratio
  • 12.00%Tier 1 risk-based capital ratio
  • 17.63%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $38,211Average earning assets
  • $4,607Average equity
  • $34,917Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    06519Produce State Bank109 Park Ave W, Hollandale, MN 56045August 02, 1926Full Service Brick and Mortar
    1221989Albert Lea Branch220 East William Street, Albert Lea, MN 56007October 13, 1981Full Service Brick and Mortar

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