Produce State Bank
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Data as of · sourced from FFIEC call reports. How we update
Produce State Bank is an FDIC-insured commercial bank headquartered in Hollandale, MN, established in 1926 (FDIC certificate 10178), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $107.2M, up 0.4% from Q2 2025, the 164th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.33% 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
- 10178
- Headquarters
- Hollandale, MN
- Established
- 1926
- Total assets, Q2 2026
- $107.2M
- Assets vs Q2 2025
- +0.4%
- Tier 1 leverage ratio, Q2 2026
- 10.33%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091915722
- Latest call report
- Q2 2026, FFIEC 051 · Produce State Bank call report
- Asset rank in state
- 164th of 221 in Minnesota
Produce State Bank, based in Hollandale, Minnesota, reported $107 million in assets at June 30, 2026. It pays an average of 0.82% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 4.54 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Loans are outrunning deposits: over the year loans rose 12.0% and deposits rose 0.3%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.26% of loans, down from 1.43% a year earlier.
As of June 30, 2026, Produce State Bank reported a return on assets of 1.31%, a nonperforming-loan ratio of 1.26% and a Texas ratio of 6.37%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Produce State Bank is the 164th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.1% to $107.2M, loans fell 2.4% and deposits fell 3.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 28.2% of total loans, followed by farmland and other real estate loans at 15.4%. Its 4 offices in the FDIC Summary of Deposits are in Albert Lea, MN, Glenville, MN and Hollandale, MN; its Albert Lea 2 offices book 45% of its branch deposits. Judged on its Q2 2026 call report, Produce State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 109 Park Ave W, Hollandale, MN 56045
- County
- Freeborn
- Metro Area
- Albert Lea, MN
- 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
- August 2, 1926
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 22
- Domestic deposits
- $94.6M
- Allowance for credit losses
- $643K
- Net charge-offs (YTD)
- -$45K
- Average total assets
- $109.7M
- Average total loans
- $60.4M
- Average interest-bearing deposits
- $66.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10178
- Fed RSSD
- 24659
- Website
- www.producestatebank.com →
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, Produce State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Produce State Bank's total assets ran between $106.8M (Q2 2025) and $115.1M (Q4 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
$107.2M total assets against $106.8M; $95.3M total liabilities against $94.8M.
$59.2M net loans and leases against $52.9M; $94.6M total deposits against $94.4M.
$39.7M securities against $46.1M; $6.0M cash and balances due against $5.2M.
$1.4M total interest income against $1.3M; $199K total interest expense against $194K.
$1.2M net interest income against $1.1M.
$55K total noninterest income against $76K; $858K total noninterest expense against $807K.
No provision recorded in the last 12 quarters.
$360K net income against $367K.
1.31% return on assets against 1.35%; 4.54% net interest margin against 4.38%.
10.33% tier 1 leverage ratio against 10.11%.
Inside the full Produce State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeProduce State Bank rankings
Its closest position to the top of a national ranking is 1,065 of 3,640, for Texas Ratio; its furthest is 3,617 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.18% (Q3 2025) to 1.84% (Q3 2024) and its net interest margin ran from 4.37% (Q1 2025) to 4.58% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.33% | 1.31% | 1.26% | 6.37% | 4.54% |
| Q1 2026 | 10.12% | 1.32% | 1.54% | 8.03% | 4.53% |
| Q4 2025 | 10.09% | 1.35% | 1.56% | 7.58% | 4.46% |
| Q3 2025 | 10.12% | 1.18% | 1.40% | 6.55% | 4.51% |
| Q2 2025 | 10.11% | 1.35% | 1.43% | 6.54% | 4.38% |
| Q1 2025 | 9.92% | 1.57% | 1.34% | 6.10% | 4.37% |
| Q4 2024 | 10.04% | 1.56% | 1.21% | 5.87% | 4.56% |
| Q3 2024 | 10.00% | 1.84% | 1.14% | 5.09% | 4.58% |
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 |
|---|---|---|---|
| Glenville Branch | Glenville , MN | 56036 | $32.3M |
| Albert Lea Branch | Albert Lea , MN | 56007 | $24.2M |
| Produce State Bank (main office) | Hollandale , MN | 56045 | $19.6M |
| Albert Lea Bridge Avenue Branch | Albert Lea , MN | 56007 | $18.5M |
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 |
|---|---|---|---|
| January 15, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 15, 2020 | Structure Change | Acquired Citizens State Bank of Glenville Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 31, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 29, 2014 | Structure Change | Acquired State Bank of Clarks Grove 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 199 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $40K approved, $40K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (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 Produce State Bank
What are Produce State Bank's total assets?
As of the Q2 2026 filing, Produce State Bank reported total assets of $107.2 million in its FFIEC call report.
Where is Produce State Bank headquartered?
It is headquartered in Hollandale, MN, United States.
When was Produce State Bank founded?
It was established in 1926, per the FDIC institution directory.
Is Produce State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10178). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Produce State Bank?
Produce State Bank's primary federal regulator is the FDIC.
How many branches does Produce State 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 Produce State Bank's Texas Ratio?
Its Texas Ratio is 6.37% 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.
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