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

  • State Bank of Lake Park in Lake Park, Minnesota (MN)
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State Bank of Lake Park - Overview

  • General
  • FDIC Certificate #: 9351
    Status: Active
    Federal Reserve ID: 912756
    Bank Holding Company (Regulatory Top Holder): Lake Park Bancshares, Inc. (RSSDID: 1132793, Location: Lake Park, MN)
    Date Established: October 11, 1926
    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 #: 6002
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2049 2nd Street, Lake Park, MN 56554
    County: Becker
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $33.7 mil
    Equity capital: $2.9 mil
    Deposits held in domestic offices: $30.7 mil
    Return on assets (ROA): 1.32% ($0.4 mil)
    Quarterly return on assets: 0.56% ($0.2 mil)
    Return on Equity (ROE): 15.77% ($0.5 mil)
    Quarterly return on equity: 6.17% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.32% ($444.4 mil)
    Quarterly Pretax return on assets: 0.56% ($188.5 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
  • 11Total employees (full-time equivalent)
  • $33,665Total assets
  • $7,653Cash and due from depository institutions
  • $3,501Interest-bearing balances
  • $7,159Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,859Net loans & leases
  • $173Loan loss allowance
  • $0Trading account assets
  • $462Bank premises and fixed assets
  • $80Other real estate owned
  • $0Goodwill and other intangibles
  • $33,665Life insurance assets
  • $452All other assets
  • $30,784Total liabilities and capital
  • $30,703Total liabilities
  • $25,763Total deposits
  • $30,703Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $81Subordinated debt
  • $2,881All other liabilities
  • $2,881Total equity capital
  • $2,881Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,425Surplus
  • $1,381Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $455Income earned, not collected on loans
  • $0Earning assets
  • $246Long-term assets (5+ years)
  • $28,519Average Assets, year-to-date
  • $6,396Average Assets, quarterly
  • $31,309Volatile liabilities
  • $32,371Insider loans
  • $19,110FHLB advances
  • $32,225Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,553Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $758Restructured Loans and leases
  • $623Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,654Total interest income
  • $392Total interest expense
  • $1,262Net interest income
  • $11Provision for loan and lease losses
  • $61Total noninterest income
  • $0Fiduciary activities
  • $89Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$28Additional noninterest income
  • $946Total noninterest expense
  • $568Salaries and employee benefits
  • $138Premises and equipment expense
  • $240Additional noninterest expense
  • $366Pre-tax net operating income
  • $47Securities gains (losses)
  • $0Applicable income taxes
  • $413Income before extraordinary items
  • -$1Extraordinary gains - net
  • $412Net income attributable to bank
  • $0Net charge-offs
  • $412Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $258Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.00%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 15.77%Return on equity (ROE)
  • 5.89%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -366.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,504Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.62%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 38.02%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 2.52%Net loans and leases to deposits
  • 58.17%Net loans and leases to core deposits
  • 58.98%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 13.36%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $31,309Average earning assets
  • $2,613Average equity
  • $27,578Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06002State Bank Of Lake Park2049 2nd Street, Lake Park, MN 56554October 11, 1926Full Service Brick and Mortar
    1219937Detached FacilityMain Street And Railroad Crossing, Hitterdal, MN 56552September 24, 1979Limited Service Facility

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