Produce State Bank
Hollandale, MN
IDRSSD: 24659
Total Assets
$110.59M
Latest filing
Total Deposits
$98.18M
Latest filing
Net Interest Margin
4.50%
Profitability
Key People
Loading leadership data...
Locations
Main office and branches. Select to view on the map.
Main Office
Produce State Bank
109 Park Ave W
Hollandale, MN 56045
Full Service - Brick and Mortar
Updated 04/10/2026Established 08/02/1926FDIC Certificate 6519
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Produce State Bank (Main) | 109 Park Ave W | Hollandale, MN |
| GLENVILLE BRANCH | 300 W Main St | Glenville, MN |
| ALBERT LEA BRANCH | 220 E William St | Albert Lea, MN |
| ALBERT LEA BRIDGE AVENUE BRANCH | 2401 Bridge Ave | Albert Lea, MN |
Showing 3 of 3
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
Security State Bank of Wanamingo
Wanamingo, Minnesota
→
Assets: $113.60MΔ +0.0%
Farmers State Bank of Underwood
Underwood, Minnesota
→
Assets: $113.51MΔ -0.1%
First State Bank of Bigfork
Bigfork, Minnesota
→
Assets: $113.68MΔ +0.1%
First State Bank of Le Center
Le Center, Minnesota
→
Assets: $113.78MΔ +0.2%
Prairie Sun Bank
Milan, Minnesota
→
Assets: $113.34MΔ -0.2%
Security State Bank of Aitkin
Aitkin, Minnesota
→
Assets: $112.58MΔ -0.9%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/02/1926 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56045 |
| State and County Number | 27047 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Albert Lea, MN |
Operational Info
| Number of Employees | 20 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.producestatebank.com |
| Data Updated | 04/10/2026 |
| CERT | 10178 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $110.59M |
| Total Deposits | $98.18M |
| Total Liabilities | $98.70M |
| Total Equity Capital | $11.89M |
| Net Income | $366.00k |
| Net Loans and Leases | $60.78M |
| Assets Per Employee ($Millions) | $5.53M |
| Bank Premises and Fixed Assets | $617.00k |
| Cash and Balances due from Depository Institutions | $4.64M |
| Deposits Held in Domestic Offices | $98.18M |
Key Performance Ratios
| Return on Assets (ROA) | 1.31% |
| Return on Equity (ROE) | 12.19% |
| Net Interest Margin | 4.5% |
| Efficiency Ratio | 63.8% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.756% |
| Earning Assets to total Assets | 96.48% |
Income and Expense
| Total Interest Income | $1.41M |
| Total Noninterest Income | $46.00k |
| Total Interest Expense | $198.00k |
| Total Noninterest Expense | $860.00k |
| Net Interest Income | $1.21M |
| Pre-tax Net Operating Income | $394.00k |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $2.17M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $513.00k |
| Total Liabilities and Capital | $110.59M |
Securities
| Securities | $40.77M |
| Available-for-sale debt securities | $31.43M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $9.32M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Produce State Bank?
$110.59M as of the latest filing.
How much are Produce State Bank's total deposits?
$98.18M in total deposits.
Where is Produce State Bank located?
Hollandale, MN.
What is the Net Interest Margin?
4.50%.
How many domestic offices does it operate?
4.
When was it established?
08/02/1926.
What is the Return on Assets (ROA)?
1.31%.
How much are total loans and leases?
$60.78M (latest filing).
What is the total interest income (latest filing)?
$1.41M.