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Adrian State Bank, Financial Information

AboutAdrian State Bank

 Address:
322 Maine Avenue
Adrian,MN
Nobles County,Minnesota
 Established:
Oct 1889
 Number of domestic offices:
1
Agriculture bank
Total assets$56M
Net income$1M
Net income,quarterly$0M
Total deposits$51M
Domestic deposits$51M
Equity capital$5M
ROA1.42%
ROAQ,quarterly0.54%
ROA,pretax0.54%
ROAQ,quarterly,pretax0.54%
ROE15.01%
ROEQ,quarterly5.71%
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.

Adrian State Bank was born out of Bishop Ireland's Colony in Adrian in the middle 1870's. In 1889, an application was made to organize a State Bank. The report of condition of the bank in 1889 reflects assets totaling $42,289.21.

Adrian State Bank is reputed to be the oldest operating business in Adrian. It has the reputation of being conservative and safe.

The building that housed the "first" Adrian State Bank was erected by the organization in 1891 and resembled every other bank constructed at that time. It is still an arresting site on its corner. It displays a metal roofed turret, tan brick walls and an old burglar alarm. Two blocks down from this structure is the present Adrian State Bank building which was constructed in 1969.

Adrian State Bank
322 Maine Avenue
Adrian, MN 56110

Phone: (507) 483-2447
Fax: (507) 483-2948

Historical Data