Park State Bank


Overview / Commentary
218-722-3500
2630 West Superior Street
Duluth, MN 55806

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.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #8851
Year Established1916
Employees153
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD14.62%
Annual Interest Income$52.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.21B$1.08B
LoansQ4 2023vs Q4 2022$849.8MM$822.8MM
DepositsQ4 2023vs Q4 2022$1.08B$960.5MM
Equity CapitalQ4 2023vs Q4 2022$115.2MM$100.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$10.3MM$7.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.9MM$2.3MM
Real Estate OwnedQ4 2023vs Q4 2022$909K$307K
Rates

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Locations


Park State Bank Locations
Park State Bank2630 W Superior StDuluth, MN 55806
Miller Hill Mall Branch1600 Miller Trunk HighwayDuluth, MN 55811
Duluth North Cent Br331 North Central AvenueDuluth, MN 55807
Mt Royal Branch120 Mt Royal Shopping CircleDuluth, MN 55803
Grand Rapids South Branch1215 Pokegama Avenue SouthGrand Rapids, MN 55744
Nashwauk Branch117 Central AveNashwauk, MN 55769
Mountain Iron/Expressway Branch8401 Unity DriveMountain Iron, MN 55768
Two Harbors Branch613 First AvenueTwo Harbors, MN 55616
Silver Bay Branch88 Outer DrSilver Bay, MN 55614

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