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

Plaza Park State Bank - Overview

  • General
  • FDIC Certificate #: 12186
    Status: Active
    Federal Reserve ID: 763556
    Bank Holding Company (Regulatory Top Holder): Plaza Agency, Inc. (RSSDID: 1122516, Location: Waite Park, MN)
    Date Established: November 26, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 7739
    Numeric code: 13
    Regulator: FED
    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: June 26, 2006
    Last Structure Change Process Date: July 25, 2006
    Last Data Update: July 25, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 6th Avenue S, Suite 100, Waite Park, MN 56387
    County: Stearns
    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): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $166.7 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $149.7 mil
    Return on assets (ROA): 1.54% ($2.6 mil)
    Quarterly return on assets: 0.53% ($0.9 mil)
    Return on Equity (ROE): 16.47% ($2.6 mil)
    Quarterly return on equity: 5.60% ($0.9 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.54% ($2,567.3 mil)
    Quarterly Pretax return on assets: 0.53% ($883.6 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
  • 36Total employees (full-time equivalent)
  • $166,709Total assets
  • $11,787Cash and due from depository institutions
  • $6,433Interest-bearing balances
  • $14,604Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $131,295Net loans & leases
  • $1,653Loan loss allowance
  • $0Trading account assets
  • $4,259Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $166,709Life insurance assets
  • $4,714All other assets
  • $151,083Total liabilities and capital
  • $149,683Total liabilities
  • $128,146Total deposits
  • $149,683Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,400Subordinated debt
  • $15,626All other liabilities
  • $15,626Total equity capital
  • $15,626Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $6,400Surplus
  • $8,626Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,190Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,224Income earned, not collected on loans
  • $116Earning assets
  • $661Long-term assets (5+ years)
  • $152,332Average Assets, year-to-date
  • $13,846Average Assets, quarterly
  • $160,355Volatile liabilities
  • $164,174Insider loans
  • $133,735FHLB advances
  • $163,254Loans and leases held for sale
  • $3,095Unused loan commitments
  • $2,109Tier 1 (core) risk-based capital
  • $15,075Tier 2 risk-based capital
  • $986Total risk weighted assets
  • $0Total unused commitments
  • $15,792Restructured Loans and leases
  • $817Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,272Total interest income
  • $915Total interest expense
  • $7,357Net interest income
  • $695Provision for loan and lease losses
  • $748Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $523Additional noninterest income
  • $4,949Total noninterest expense
  • $2,913Salaries and employee benefits
  • $882Premises and equipment expense
  • $1,154Additional noninterest expense
  • $2,461Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • $2,463Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,463Net income attributable to bank
  • $0Net charge-offs
  • $2,463Cash dividends
  • $817Sale, conversion, retirement of capital stock, net
  • $1,878Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 16.47%Return on equity (ROE)
  • 3.91%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 85.07%Credit loss provision to net charge-offs
  • 3.86%Efficiency ratio
  • 60,888Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.25%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 26.56%Noncurrent assets plus other real estate owned to assets
  • 3.76%Noncurrent loans to loans
  • 4.68%Net loans and leases to deposits
  • 87.72%Net loans and leases to core deposits
  • 90.05%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.23%Tier 1 risk-based capital ratio
  • 11.27%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $160,355Average earning assets
  • $14,950Average equity
  • $148,100Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07739Plaza Park State Bank131 6th Avenue S, Suite 100, Waite Park, MN 56387November 26, 1910Full Service Brick and Mortar
    2453000Plaza Park Branch2351 Connecticut Ave. S, Suite 100, Sartell, MN 56377June 26, 2006Full Service Brick and Mortar

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