Prairie Sun Bank
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Data as of · sourced from FFIEC call reports. How we update
Prairie Sun Bank is an FDIC-insured commercial bank headquartered in Milan, MN, established in 1915 (FDIC certificate 8207), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $107.0M, down 6.1% from Q2 2025, the 165th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.85% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8207
- Headquarters
- Milan, MN
- Established
- 1915
- Total assets, Q2 2026
- $107.0M
- Assets vs Q2 2025
- -6.1%
- Tier 1 leverage ratio, Q2 2026
- 9.85%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091212580
- Latest call report
- Q2 2026, FFIEC 051 · Prairie Sun Bank call report
- Holding company
- DAKOTA FINANCIAL, INC.
- Asset rank in state
- 165th of 221 in Minnesota
Prairie Sun Bank, based in Milan, Minnesota, reported $107 million in assets at June 30, 2026, down 6.1% from a year earlier. It carries problem assets equal to 13.0% of the capital and reserves that would absorb them, 4.9 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets.
Its $9.3 million commercial and industrial book is improving, with 2.86% past due or on nonaccrual, down from 10.66% a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.82% of loans, down from 2.32% a year earlier.
As of June 30, 2026, Prairie Sun Bank reported a return on assets of 1.39%, a nonperforming-loan ratio of 1.82% and a Texas ratio of 13.02%. The figures come from its call report filed with the FFIEC.
Prairie Sun Bank ranks as the 165th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.3% to $107.0M, loans rose 3.8% and deposits fell 2.0%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 37.3% of total loans, followed by agricultural production loans at 29.5%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in MN; its Appleton office books 29% of its branch deposits. By the capital ratios in its Q2 2026 call report, Prairie Sun Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 240 N 2nd St, Milan, MN 56262
- County
- Chippewa
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 15, 1915
- Former names
- Prairie State Bank (1988-2002)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 17
- Domestic deposits
- $92.5M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $107.1M
- Average total loans
- $81.5M
- Average interest-bearing deposits
- $69.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8207
- Fed RSSD
- 960551
- SEC CIK
- 1883495 → filed by DAKOTA FINANCIAL, INC.
- Website
- www.bankwithpsb.com →
- Parent Holding Company
- DAKOTA FINANCIAL, INC. (RSSD 3615272)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Prairie Sun Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Prairie Sun Bank's total assets ranged from $105.7M (Q1 2026) to $123.0M (Q3 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$107.0M total assets against $113.9M; $96.4M total liabilities against $104.1M.
$79.7M net loans and leases against $79.0M; $92.5M total deposits against $91.7M.
$14.1M securities against $20.5M; $6.3M cash and balances due against $7.0M.
$1.5M total interest income against $1.5M; $442K total interest expense against $576K.
$1.0M net interest income against $954K.
$67K total noninterest income against $76K; $691K total noninterest expense against $593K.
$49K provision for credit losses against $54K.
$371K net income against $383K.
1.39% return on assets against 1.34%; 4.18% net interest margin against 3.50%.
9.85% tier 1 leverage ratio against 8.97%.
Inside the full Prairie Sun Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freePrairie Sun Bank rankings
Its closest position to the top of a national ranking is 410 of 3,640, for Texas Ratio; its furthest is 3,619 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.27% (Q3 2024) to 1.47% (Q1 2025) and its net interest margin ran from 3.30% (Q3 2024) to 4.18% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.85% | 1.39% | 1.82% | 13.02% | 4.18% |
| Q1 2026 | 10.01% | 1.40% | 9.72% | 68.25% | 4.16% |
| Q4 2025 | 9.40% | 1.42% | 2.16% | 15.44% | 4.01% |
| Q3 2025 | 9.10% | 1.35% | 0.79% | 6.04% | 3.75% |
| Q2 2025 | 8.97% | 1.34% | 2.32% | 18.02% | 3.50% |
| Q1 2025 | 9.04% | 1.47% | 2.06% | 16.25% | 3.86% |
| Q4 2024 | 8.66% | 1.36% | 3.94% | 32.55% | 3.60% |
| Q3 2024 | 8.51% | 1.27% | 2.84% | 22.64% | 3.30% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Detached Facility | Appleton , MN | 56208 | $26.8M |
| Browns Valley Branch | Browns Valley , MN | 56219 | $25.2M |
| Marietta Branch | Marietta , MN | 56257 | $20.7M |
| Prairie Sun Bank (main office) | Milan , MN | 56262 | $19.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 31, 2021 | Structure Change | Acquired Union State Bank of Browns Valley Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 30, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 27, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 27, 2019 | Structure Change | Acquired State Bank of Marietta Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 6, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 6, 1988 | Structure Change | Acquired Northwestern State Bank of Appleton Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 200 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $285K approved, $285K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Prairie Sun Bank
What are Prairie Sun Bank's total assets?
As of the Q2 2026 filing, Prairie Sun Bank reported total assets of $107.0 million in its FFIEC call report.
Where is Prairie Sun Bank headquartered?
It is headquartered in Milan, MN, United States.
When was Prairie Sun Bank founded?
It was established in 1915, per the FDIC institution directory.
Is Prairie Sun Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8207). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Prairie Sun Bank?
Prairie Sun Bank's primary federal regulator is the FDIC.
How many branches does Prairie Sun Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Prairie Sun Bank's Texas Ratio?
Its Texas Ratio is 13.02% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Prairie Sun Bank previously called?
The charter now named Prairie Sun Bank has also operated as Prairie State Bank (1988-2002), per FDIC structure-change records.
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