PEOPLES EQUITY CORPORATION Financial Reports

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PEOPLES EQUITY CORPORATION

RSSD ID 1125124
98 THIRD STREET SOUTHEAST	Quarter Ended :	2024-12-31
WELLS, MN, 56097	Updated :	2025-03-05
WWW.PEOPLESSTATEBANKWELLS.COM

Institution Profile

Year Opened :

1980

Institution Type :

Holding Company

Reserve District :

Minneapolis

Federal Regulator :

FED

Entity Type :

Bank Holding Company

Fiscal Year End :

12/31

Structure :

Corporation (stock)

S-Corp :

Yes

Related Bank / Thrift	Assets	Asset Concentration
Peoples State Bank of Wells	60,519	Agricultural Specialization

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)

Total Assets	6,356	Total Operating Income	671
Total Liabilities	313	Total Operating Expenses	16
Total Equity Capital	6,043	Equity in Undistributed Income	142
		Net income (loss)	797

Miscellaneous
Cash Dividends Declared by Bank Holding Company	371
Total Consolidated Assets of Bank Holding Company	61,904

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury