Park State Bank in Duluth, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Park State Bank - Overview

  • General
  • FDIC Certificate #: 8851
    Status: Active
    Federal Reserve ID: 286457
    Bank Holding Company (Regulatory Top Holder): Park Bank Corporation Of Duluth (RSSDID: 2359887, Location: Duluth, MN)
    Date Established: June 28, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5646
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 20, 2011
    Last Structure Change Process Date: April 22, 2011
    Last Data Update: April 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2630 West Superior Street, Duluth, MN 55806
    County: St. Louis
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240)
    Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260)
    CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
  • Financial Summary
  • Total assets: $29.5 mil
    Equity capital: $1.6 mil
    Deposits held in domestic offices: $27.9 mil
    Return on assets (ROA): -0.14% (-$0.0 mil)
    Quarterly return on assets: 0.20% ($0.1 mil)
    Return on Equity (ROE): -3.08% (-$0.1 mil)
    Quarterly return on equity: 3.72% ($0.1 mil)
    Net income: -$0.0 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.14% (-$41.3 mil)
    Quarterly Pretax return on assets: 0.20% ($59.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $29,488Total assets
  • $3,696Cash and due from depository institutions
  • $1,284Interest-bearing balances
  • $3,648Securities
  • $860Federal funds sold & reverse repurchase agreements
  • $19,170Net loans & leases
  • $317Loan loss allowance
  • $0Trading account assets
  • $361Bank premises and fixed assets
  • $1,037Other real estate owned
  • $0Goodwill and other intangibles
  • $29,488Life insurance assets
  • $716All other assets
  • $27,875Total liabilities and capital
  • $27,854Total liabilities
  • $21,044Total deposits
  • $27,854Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $21Subordinated debt
  • $1,613All other liabilities
  • $1,613Total equity capital
  • $1,613Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,810Surplus
  • $-1,247Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $94Income earned, not collected on loans
  • $0Earning assets
  • $124Long-term assets (5+ years)
  • $24,962Average Assets, year-to-date
  • $5,266Average Assets, quarterly
  • $30,486Volatile liabilities
  • $29,943Insider loans
  • $18,941FHLB advances
  • $30,850Loans and leases held for sale
  • $375Unused loan commitments
  • $375Tier 1 (core) risk-based capital
  • $1,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $748Restructured Loans and leases
  • $144Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,502Total interest income
  • $179Total interest expense
  • $1,323Net interest income
  • $11Provision for loan and lease losses
  • $384Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27Additional noninterest income
  • $1,749Total noninterest expense
  • $751Salaries and employee benefits
  • $172Premises and equipment expense
  • $826Additional noninterest expense
  • -$53Pre-tax net operating income
  • $9Securities gains (losses)
  • $0Applicable income taxes
  • -$44Income before extraordinary items
  • $0Extraordinary gains - net
  • -$44Net income attributable to bank
  • $0Net charge-offs
  • -$44Cash dividends
  • $330Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 5.05%Net interest margin
  • 1.47%Noninterest income to earning assets
  • 6.68%Noninterest expense to earning assets
  • -0.17%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -3.08%Return on equity (ROE)
  • -3.08%Retained earnings to average equity (YTD only)
  • 1.58%Net charge-offs to loans
  • 3.33%Credit loss provision to net charge-offs
  • -0.13%Efficiency ratio
  • 102,460Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 337.23%Noncurrent assets plus other real estate owned to assets
  • 3.84%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 68.82%Net loans and leases to core deposits
  • 70.30%Equity capital to assets
  • 5.47%Core capital (leverage) ratio
  • 5.19%Tier 1 risk-based capital ratio
  • 8.45%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $30,486Average earning assets
  • $1,427Average equity
  • $26,197Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05646Park State Bank2630 West Superior Street, Duluth, MN 55806June 28, 1916Full Service Brick and Mortar
    3432652Park State Bank - Minneapolis Branch430 1st Avenue, Suite #104, Minneapolis, MN 55401October 05, 2004Full Service Brick and Mortar

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