Janesville State Bank, Financial Information

About Janesville State Bank

 Address:
201 N Main Street
Janesville, MN
Waseca County, Minnesota
 Established:
Jan 1898
 Number of domestic offices:
1
Agriculture bank
Total assets$83M
Net income$1M
Net income, quarterly$0M
Total deposits$68M
Domestic deposits$68M
Equity capital$10M
ROA1.85%
ROAQ, quarterly1.36%
ROA, pretax1.36%
ROAQ, quarterly, pretax1.36%
ROE14.83%
ROEQ, quarterly10.93%
UpdatedMay 20, 2021

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.

Since its charter in 1898, the Janesville State Bank (formerly the Waseca County Bank) has operated continuously and dependably. On September 1, 1898, the Waseca County Bank opened for business with James Slocum serving as its President.

The bank was located in part of the building then operated as the Jensen garage. On January 31, 1908, the Waseca County Bank and the Janesville Bank merged to form the Janesville State Bank with the merged bank located in the Janesville Bank's building.

In 1926, Citizens State Bank erected a new building on the corner of Main and First Streets, where the current Janesville State Bank is located. The building was formally opened in 1927. The Citizens State Bank closed in April, 1933, as a result of the Depression. In 1936, the Janesville State Bank purchased and relocated to the former Citizens State Bank building.

In 1971 and 1973, the Janesville State Bank purchased Ella's Log Cabin and the Village Diner restaurant buildings located to its north. In 1974 the bank went through a major remodeling and expansion north, nearly doubling the square footage of the building and adding an auto drive-up facility.

In 1983, Janesville State Bank purchased its own computer to run the entire bank operation. In 1992, the bank completed a large addition onto the east side of the building, relocating the Janesville Insurance Agency from the front of the bank. Also in 1992, a second lane was added to the auto drive-up facility. In 2007, the bank building went through a major remodeling both inside and out.

Janesville State Bank
201 N Main Street
Janesville, MN 56048
PO Box 369
Phone: 507-234-5108
Fax: 507-234-6462