State Bank of Park Rapids

State Bank of Park Rapids is headquartered in Park Rapids and is the 198^th largest bank in the state of Minnesota. It is also the 5,335^th largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 19 employees at 1 location. State Bank of Park Rapids has a 3-star health rating.

State Bank of Park Rapids Routing Number: 091202338

State Bank of Park Rapids Money Market Rates

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Data for Q1 2012

Institution Statistics State Bank of Park Rapids FDIC Certificate # 1406 BankRate Report View Year Established 1902 Employees 19 Primary Regulator FDIC Assets and Liabilities Assets $85.33 million Loans $42.84 million Deposits $72.75 million Equity Capital $9.65 million Loan Loss Allowance $928,000 Unbacked Noncurrent Loans $703,000 Real Estate Owned $3.17 million Historic Data - March 2011 Assets $87.07 million Equity Capital $7.60 million Loan Loss Allowance $1.07 million Unbacked Noncurrent Loans $1.65 million Real Estate Owned $4.23 million Profit Margin - Quarterly Net Interest Margin 4.07% Return on Assets 2.86% Return on Equity 26.09% Interest Income $937,000

Institution Health Overall Score: 3 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 State Bank of Park Rapids had $3.87 million in non-current loans and owned real-estate with $10.58 million in equity and loan loss allowances on hand to cover it. This gives State Bank of Park Rapids a Texas Ratio of 36.58% 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 State Bank of Park Rapids decreased significantly from 67.89% as of March 31, 2011 to 36.58% as of March 31, 2012, resulting in a positive change of 46.11%.This indicates that the balance sheet and financial strength for State Bank of Park Rapids has improved significantly in recent periods. Deposit Growth In the past year, State Bank of Park Rapids has decreased its total deposits by $-761,000, resulting in -1.04% 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 State Bank of Park Rapids 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. State Bank of Park Rapids has $85.33 million in assets with $10.58 million in equity, resulting in a capitalization level of 12.40%, which is excellent.