Farmers State Bank of Madelia, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Pioneer Bank acquires Farmers State Bank of Madelia. Pioneer Bank has reached an agreement to acquire the Farmers State Bank of Madelia and their Madelia, Lewisville and Lake Crystal branches. Pioneer Bank is more than just any old bank; thr bank is dedicated to being the leading financial institution for the communities it serves, from Elmore to Lewisville, Madelia, Mankato, Mapleton, North Mankato, St. James.

Pioneer Bank’s charter is over 110 years old. They currently have assets of over $300 million. The Farmers State Bank acquisition will result in a bank with over $360 million in assets.

Elmore
109 East Willis Street
Elmore, MN 56027-0008
Phone:507-943-3131
Fax:507-943-3133

Lake Crystal Loan Production Office
242 East Highway 60
Lake Crystal, MN 56055
Phone:507-726-6475
Fax:507-726-6493

Lewisville
301 West Lewis Street
Lewisville, MN 56060
Phone:507-435-2451
Fax:507-435-2461

Madelia
34 Main Street
Madelia, MN 56062
Phone:507-642-3251
Fax:507-642-8560

Mankato
320 Stadium Road, Suite 100
Mankato, MN 56001
Phone:507-345-7069
Fax:507-345-8068

Mapleton
301 Main Street NE
Mapleton, MN 56065-0306
Phone:507-524-3630
Fax:507-524-3648
Toll Free:1-888-269-2265

North Mankato
1735 Commerce Drive
North Mankato, MN 56003
Phone:507-625-3268
Fax:507-625-3275

St. James
123 Armstrong Blvd. S.
St. James, MN 56081
Phone:507-375-3201
Fax:507-375-3204
Toll Free:1-888-206-1700