Park State Bank

Park State Bank is headquartered in Duluth and is the 328^th largest bank in the state of Minnesota. It is also the 6,927^th largest bank in the nation. It was established in 1916 and as of March of 2012, it had grown to 12 employees at 2 locations. Park State Bank's savings rates are 2X the national average, but it has a 2-star health rating.

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Data for Q1 2012

Institution Statistics Park State Bank FDIC Certificate # 8851 BankRate Report View Year Established 1916 Employees 12 Primary Regulator FDIC Assets and Liabilities Assets $30.87 million Loans $18.39 million Deposits $29.24 million Equity Capital $1.62 million Loan Loss Allowance $305,000 Unbacked Noncurrent Loans $71,000 Real Estate Owned $1.01 million Historic Data - March 2011 Assets $30.92 million Equity Capital $1.23 million Loan Loss Allowance $381,000 Unbacked Noncurrent Loans $439,000 Real Estate Owned $432,000 Profit Margin - Quarterly Net Interest Margin 4.85% Return on Assets 0.12% Return on Equity 2.22% Interest Income $335,000

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Park State Bank had $1.08 million in non-current loans and owned real-estate with $1.93 million in equity and loan loss allowances on hand to cover it. This gives Park State Bank a Texas Ratio of 56.22% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Park State Bank held steady from 58.72% as of March 31, 2011 to 56.22% as of March 31, 2012, resulting in a positive change of 4.25%.This indicates that the balance sheet and financial strength for Park State Bank has held steady in recent periods. Deposit Growth In the past year, Park State Bank has decreased its total deposits by $-337,000, resulting in -1.14% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Park State Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Park State Bank has $30.87 million in assets with $1.93 million in equity, resulting in a capitalization level of 6.24%, which is below average.

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