Prior Lake State Bank (MN)

Prior Lake State Bank (MN) is headquartered in Prior Lake and is the 90^th largest bank in the state of Minnesota. It is also the 3,233^rd largest bank in the nation. It was established in 1903 and as of March of 2012, it had grown to 33 employees at 4 locations. Prior Lake State Bank (MN) has a 5-star health rating.

Prior Lake State Bank (MN) Checking Account Rates

Prior Lake State Bank (MN) CD Rates

Prior Lake State Bank (MN) IRA Rates

Data for Q1 2012

Institution Statistics Prior Lake State Bank FDIC Certificate # 10166 BankRate Report View Year Established 1903 Employees 33 Primary Regulator FDIC Assets and Liabilities Assets $191.43 million Loans $103.43 million Deposits $165.46 million Equity Capital $25.35 million Loan Loss Allowance $1.78 million Unbacked Noncurrent Loans $2.11 million Real Estate Owned $3.12 million Historic Data - March 2011 Assets $177.61 million Equity Capital $24.21 million Loan Loss Allowance $1.70 million Unbacked Noncurrent Loans $2.93 million Real Estate Owned $5.70 million Profit Margin - Quarterly Net Interest Margin 3.4% Return on Assets 1.5% Return on Equity 11.34% Interest Income $1.74 million

Institution Health Overall Score: 5 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 Prior Lake State Bank (MN) had $5.23 million in non-current loans and owned real-estate with $27.12 million in equity and loan loss allowances on hand to cover it. This gives Prior Lake State Bank (MN) a Texas Ratio of 19.29% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Prior Lake State Bank (MN) decreased significantly from 33.31% as of March 31, 2011 to 19.29% as of March 31, 2012, resulting in a positive change of 42.09%.This indicates that the balance sheet and financial strength for Prior Lake State Bank (MN) has improved significantly in recent periods. Deposit Growth In the past year, Prior Lake State Bank (MN) has increased its total deposits by $12.72 million, resulting in 8.33% 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 Prior Lake State Bank (MN) has shown is excellent. 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. Prior Lake State Bank (MN) has $191.43 million in assets with $27.12 million in equity, resulting in a capitalization level of 14.17%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.