Prinsbank
FDIC #10191
📍 Prinsburg, Minnesota
Prinsbank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 10/14/1916. With assets of $194.97 Million, it operates 2 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2021
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2021
Satisfactory
August 1, 2019
Needs to Improve
June 1, 2014
Satisfactory
💰 Financial Strength
Total Assets$194.97 Million
Total Deposits$160.34 Million
Equity Capital$29.76 Million
Net Income$3.44 Million
📈 Performance
ROA2.43%
ROE15.77%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established10/14/1916
FDIC Cert10191
Holding CoPsb Financial Shares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2010
Relocation
Moved HQ to: 508 Third Street, Prinsburg, MN 56281.
2009
Name Change
Name became: Changed Institution Name To Prinsbank.
1995
Relocation
Moved HQ to: 510 Third Street, Prinsburg, MN 56281.