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 Peoples State Bank of Wells
Peoples State Bank of Wells
| RSSD ID 192651 | CERTIFICATE 8840 | ABA NUMBER 91215529 |
| 98 3rd St Se |
Quarter Ended : |
2025-03-31 |
| Wells, Minnesota, 56097 |
Updated : |
2025-04-10 |
| www.peoplesstatebankwells.com |
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| Institution Profile |
| Year Opened : |
1924 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
1 |
Number of Employees : |
10 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 59,510 |
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Total Interest Income | 728 |
| Total Liabilities | 53,283 |
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Total NonInterest Income | 20 |
| Total Bank Equity Capital | 6,227 |
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Total Interest Expense | 180 |
| Total Deposits | 53,182 |
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Total NonInterest Expense | 330 |
| Net Loans & Leases | 40,315 |
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Net Income | 233 |
| Loan Loss Allowance | 524 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 6,887 |
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Total loans | 40,564 |
| Total assets for the leverage ratio | 60,620 |
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Loans secured by real estate: | 24,039 |
| Tier 1 Leverage Ratio | 10.5 |
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Commercial and industrial loans | 1,269 |
| Tier 1 Capital Ratio | 14.68 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.89 |
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Loans to individuals - Other | 415 |
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:· Peoples State Bank of Wells
