Park State Bank is headquartered in DULUTH and is the 13th largest bank in the state of Minnesota. It is also the 864th largest bank in the nation. It was established in 1916 and as of December of 2023, it had grown to 153 employees at 15 locations. Park State Bank has a B+ health rating.
Overall | |
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FDIC Certificate # | 8851 |
Year Established | 1916 |
Employees | 153 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.36% |
Return on Equity - YTD | 14.62% |
Annual Interest Income | $52.7MM |
Assets and Liabilities | ||
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Assets | Q4 2023vs Q4 2022 | $1.21B$1.08B |
Loans | Q4 2023vs Q4 2022 | $849.8MM$822.8MM |
Deposits | Q4 2023vs Q4 2022 | $1.08B$960.5MM |
Equity Capital | Q4 2023vs Q4 2022 | $115.2MM$100.4MM |
Loan Loss Allowance | Q4 2023vs Q4 2022 | $10.3MM$7.1MM |
Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $2.9MM$2.3MM |
Real Estate Owned | Q4 2023vs Q4 2022 | $909K$307K |
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Park State Bank Locations | ||
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Park State Bank | 2630 W Superior St | Duluth, MN 55806 |
Miller Hill Mall Branch | 1600 Miller Trunk Highway | Duluth, MN 55811 |
Duluth North Cent Br | 331 North Central Avenue | Duluth, MN 55807 |
Mt Royal Branch | 120 Mt Royal Shopping Circle | Duluth, MN 55803 |
Grand Rapids South Branch | 1215 Pokegama Avenue South | Grand Rapids, MN 55744 |
Nashwauk Branch | 117 Central Ave | Nashwauk, MN 55769 |
Mountain Iron/Expressway Branch | 8401 Unity Drive | Mountain Iron, MN 55768 |
Two Harbors Branch | 613 First Avenue | Two Harbors, MN 55616 |
Silver Bay Branch | 88 Outer Dr | Silver Bay, MN 55614 |