Park State Bank
Duluth, MN
IDRSSD: 286457
Total Assets
$1.49B
Latest filing
Total Deposits
$1.22B
Latest filing
Net Interest Margin
3.36%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Park State Bank
2630 W Superior St
Duluth, MN 55806
Full Service - Brick and Mortar
Updated 01/30/2026Established 06/28/1916FDIC Certificate 5646
Branches (19)
Page 1 of 3| Name | Address | City / State |
|---|---|---|
| Park State Bank (Main) | 2630 W Superior St | Duluth, MN |
| MOUNTAIN IRON/EXPRESSWAY BRANCH | 8401 Unity Dr | Mountain Iron, MN |
| BIWABIK BRANCH | 221 Main St N | Biwabik, MN |
| ORR BRANCH | 4539 Highway 53 | Orr, MN |
| COOK BRANCH | 128 N Highway 53 | Cook, MN |
| CHISHOLM BRANCH | 301 1st St Nw | Chisholm, MN |
| MT ROYAL BRANCH | 120 Mount Royal Shopping Cir | Duluth, MN |
| HIBBING DOWNTOWN BRANCH | 2015 3rd Ave E | Hibbing, MN |
Showing 7 of 19
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 06/28/1916 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55806 |
| State and County Number | 27137 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Duluth, MN-WI |
Operational Info
| Number of Employees | 152 |
| Domestic Offices | 15 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 12/05/2025 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.parkstatebank.com |
| Data Updated | 01/30/2026 |
| CERT | 8851 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.49B |
| Total Deposits | $1.22B |
| Total Liabilities | $1.34B |
| Total Equity Capital | $143.77M |
| Net Income | $6.49M |
| Net Loans and Leases | $883.90M |
| Assets Per Employee ($Millions) | $9.64M |
| Bank Premises and Fixed Assets | $8.17M |
| Cash and Balances due from Depository Institutions | $79.47M |
| Deposits Held in Domestic Offices | $1.22B |
Key Performance Ratios
| Return on Assets (ROA) | 1.79% |
| Return on Equity (ROE) | 17.88% |
| Net Interest Margin | 3.36% |
| Efficiency Ratio | 46.66% |
| Tier 1 Risk-Based Capital Ratio | 14.731% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.02% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.68% |
| Earning Assets to total Assets | 94.33% |
Income and Expense
| Total Interest Income | $18.59M |
| Total Noninterest Income | $3.96M |
| Total Interest Expense | $7.07M |
| Total Noninterest Expense | $7.61M |
| Net Interest Income | $11.52M |
| Pre-tax Net Operating Income | $7.79M |
| Provision for Credit Losses | $77.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $109.00k |
| Other borrowed funds | $114.97M |
| Federal Funds Sold & Reverse Repurchase Agreement | $3.14M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $7.66M |
| Total Liabilities and Capital | $1.49B |
Securities
| Securities | $450.62M |
| Available-for-sale debt securities | $449.95M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $660.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Park State Bank?
$1.49B as of the latest filing.
How much are Park State Bank's total deposits?
$1.22B in total deposits.
Where is Park State Bank located?
Duluth, MN.
What is the Net Interest Margin?
3.36%.
How many domestic offices does it operate?
15.
When was it established?
06/28/1916.
What is the Return on Assets (ROA)?
1.79%.
How much are total loans and leases?
$883.90M (latest filing).
What is the total interest income (latest filing)?
$18.59M.