# PINE ISLAND BANK
PINE ISLAND, MN · FDIC certificate 12193 · asset band <$300M · latest filing 2022-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $156.5M | |
| Deposits | $129.3M | |
| Loans and leases | $112.0M | |
| Total equity | $22.0M | |
| Loans / deposits | 86.43% (p86 of band) | 61.37% |
| Liquid assets / assets | 19.60% (p11 of band) | |
| Uninsured deposits / deposits | 37.43% (p90 of band) | 20.48% |
| Brokered deposits | 5.68% | |
| Wholesale funding | 8.91% (p89 of band) | |
| FHLB advances / assets | 3.23% | |
| Tier 1 leverage | 8.35% (p13 of band) | 10.54% |
| Unrealized securities loss / equity | -6.37% (p73 of band) | -19.24% |
| AOCI / equity | -6.41% (p64 of band) | |
| ROA (annualized) | 1.75% (p92 of band) | 0.80% |
| Net interest margin | 4.00% (p90 of band) | 3.08% |
| Efficiency ratio | 39.10% (p2 of band) | |
| Noncurrent loans | 0.12% (p40 of band) | 0.23% |
| Net charge-offs (annualized) | 0.00% (p48 of band) | |
| Reserve coverage of noncurrent | 184.62% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 39.79% (p68 of band) | |
| Auto loans | $879,000 (0.78% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 34.1% | |
| Employees | 17 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 2 | losing money |  |
| 2011-09 | 1 |  | losing money |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 0 |  | reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 0 |  |  |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | reserve under noncurrent |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | wholesale funding >15% |  |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 3 | loans exceed deposits | reserve under noncurrent |
| 2016-09 | 2 |  | capital falling |
| 2016-12 | 1 |  | loans exceed deposits |
| 2017-03 | 2 | capital falling |  |
| 2017-06 | 2 | loans exceed deposits | capital falling |
| 2017-09 | 1 |  | wholesale funding >15% |
| 2017-12 | 1 | reserve under noncurrent | loans exceed deposits |
| 2018-03 | 2 | loans exceed deposits |  |
| 2018-06 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2018-09 | 1 |  | wholesale funding >15% |
| 2018-12 | 2 | wholesale funding >15%, capital falling | loans exceed deposits |
| 2019-03 | 3 | loans exceed deposits |  |
| 2019-06 | 2 |  | capital falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | capital falling |  |
| 2020-06 | 2 |  | loans exceed deposits |
| 2020-09 | 2 |  |  |
| 2020-12 | 0 |  | wholesale funding >15%, capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | loans exceed deposits |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | NIM <2.5%, reserve under noncurrent | loans exceed deposits |
| 2022-03 | 1 |  | NIM <2.5% |
| 2022-06 | 0 |  | reserve under noncurrent |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-09-30 [Frandsen Financial Corporation To Acquire Bank of Zumbrota and Pine Island Bank - The Business Journals](https://news.google.com/rss/articles/CBMikgFBVV95cUxQRDVqd3VIZUlpamFKbVRnaFY5a2RGVnE4MUZ3ZXFqelFxUXd5SlpFV3pLaS1xYktTNHVJaTRpMXA0cU5xS2MyTW5uMjFVU1Qxa0JaM2pQTTZOY1RsQWkwcDFvcHhhMG9DQlpMLXdIcXpUbTdkWllsU05vNTcyTVY1OVhkdkRzYzh4QlB3LWpGRy1SUQ?oc=5) · The Business Journals
- 2021-12-09 [Man in custody after bank robbery in Rochester, attempted bank robbery in Pine Island - kimt.com](https://news.google.com/rss/articles/CBMi-gFBVV95cUxPZjQ5TmpKVW1OcjZOM3YxcXFjUlhiWDgwX19NV0xMa3VncDA3RFR0TjNNQlVzVzNDX0M4WkxOTktsZnhYNDdMZWF4dGxSbmZqT045TUZaUTZfLWk3MHVzZENnMlNpSDl4RUY2bkNjZjZGak1YVUFNMi1KcVZZUk5jcUljOHZzYS12TnpHN3V6WGRZMVRhbUdTazN1M1dPX2VpWmxVai1ER1JnYkRhTHRzSWpmSzVsM3NLVmFWaVlnVW84eEtBRDlIclF2MGtjMGJ0ZHhMUnZ4dGtSRC0zQzNjX0xFa0x1Wl9OeUlvS1hLWkpzNnZvbTlHNzV3?oc=5) · kimt.com
- 2023-11-28 [Rochester man sentenced to probation for 2021 bank robbery - kaaltv.com](https://news.google.com/rss/articles/CBMikAFBVV95cUxPQmIzSDlQUGJoVEhnWXBQWXNyWEplRjY3WFgteHFTREVhRGc2NHZ6ZVRodDBCNG9Db0RiRnVURnhMSHBYRU05MXVpRWNhSmtxbkU4RHVCa3NlMlIxTHBVTTZoNnJkdjJuX2Ffek9BOU51ckVDSEZoTFFqRkd0TkpsYlhXV1M1VkhLaGlVRDRISVM?oc=5) · kaaltv.com
- 2020-02-27 [John A. Perra Obituary Feb 27, 2020 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMia0FVX3lxTE9aN25qZ01aQkFEX0g3Y0UwUXBPYzJuNzExajUtMFhmSElMTG9oYkpyT3ZwWFlfTzVFQ1FuR3ZncHpPOVQxX1VtWDNiYWxKekN0WWY4YlhvaVVCeXV1R21hZGJjMUhOdFYzX3VJ?oc=5) · mahnfamilyfuneralhome.com
- 2021-12-06 [Chicago man pleads not guilty in September bank robbery - Post Bulletin](https://news.google.com/rss/articles/CBMimwFBVV95cUxQRy1WUnlFZmdPQ1c4aDVaTTNfRTlYNVREU1g5S2E0dmtGeERvVlRHQ2xHTVoySW9nODNDLTA1U2pISmg3dTN4cnlmaDZ5a0xRYjhSZ2ppZU11S1NleGxCVE90dUEtQXNMWDdzWTFKQmNobWpqVDZQT2k2WUNOYjRSQXJZMVNudEF0eEotcDF2SDVLRmFwTXZGOFNNaw?oc=5) · Post Bulletin
- 2021-04-14 [Three crowned Goodhue County Dairy Princesses - Cannon Falls Beacon](https://news.google.com/rss/articles/CBMizwFBVV95cUxPVXdvTWtqVWZ5bkl1R1ZiVnFYTDVOUzByTEZkUmFnVjZNNk80M29CeTlTNFpmQUs2YmlXbmp1MXZQY1F0dVdqZWlsVlNRbHBHcFhVNzFwWV9BWFF0b25zclN6cVNkUEYxSHNVR2pxXzNtYktuOFI2dUFmR3dTUUlBbjB3UmVsUDN3aHNQUHk0Um9jVTItX3NBdVN3X0FzbnVhYWpPaVpTNWJEZGh6TVpaTGZQbjQ5R3h4SUN2MFhqVDE2NzNZTmY3Rl95RmJDZlE?oc=5) · Cannon Falls Beacon

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12193 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/33.json (key "12193", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide