Posted on May 23, 2013
Park State Bank
1106 88th Avenue West
Duluth, MN 55806
General Bank Information
FDIC Insured Yes
FDIC Certificate # 8851
Date Established 1916
Park State Bank is an FDIC insured institution located in Duluth, MN. It was founded in 1916 and has approximately $0.03 billion in assets. Customers can open an account via one of its 2 branches.
Park State Bank Financial Size
| Assets | $0.03 billion |
| Loans | $0.02 billion |
| Deposits | $0.03 billion |
| Capital | $0.00 billion |
For a more detailed analysis of Park State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Bank Loan Profile?
| % Loans |
% Comparison to Other Banks |
|||
| Low | Med | High | ||
| 1-4 Family Residential Loans | 42.90 | ✓ | ||
| Multifamily Mortgages |
2.43 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 1.59 | ✓ | ||
| Small Business Loans | 24.36 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 34.90 | ✓ | ||
| Commercial and Industrial Loans | 11.06 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
The top three loan types in Park State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks in Minnesota, Park State Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double
categorization of some loan types. All data from the FDIC.
Additional information about this table.
