Platinum Bank
Oakdale, MN
IDRSSD: 3538009
Total Assets
$693.54M
Latest filing
Total Deposits
$557.64M
Latest filing
Net Interest Margin
4.16%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Platinum Bank
7667 10th St N
Oakdale, MN 55128
Full Service - Brick and Mortar
Updated 01/30/2026Established 02/12/2007FDIC Certificate 455065
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Platinum Bank (Main) | 7667 10th St N | Oakdale, MN |
| PLYMOUTH BRANCH | 605 Highway 169 N | Plymouth, MN |
Showing 1 of 1
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 | 02/12/2007 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55128 |
| State and County Number | 27163 |
| Subchapter S Corporations | Yes |
| 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 | Minneapolis-St. Paul-Bloomington, MN-WI |
Operational Info
| Number of Employees | 93 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 02/12/2007 |
| Primary Insurance Agency | DIF |
| Website | www.platinumbankmn.com |
| Data Updated | 01/30/2026 |
| CERT | 58511 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $693.54M |
| Total Deposits | $557.64M |
| Total Liabilities | $635.29M |
| Total Equity Capital | $58.25M |
| Net Income | $2.32M |
| Net Loans and Leases | $608.83M |
| Assets Per Employee ($Millions) | $7.54M |
| Bank Premises and Fixed Assets | $3.50M |
| Cash and Balances due from Depository Institutions | $13.49M |
| Deposits Held in Domestic Offices | $557.64M |
Key Performance Ratios
| Return on Assets (ROA) | 1.31% |
| Return on Equity (ROE) | 16.29% |
| Net Interest Margin | 4.16% |
| Efficiency Ratio | 57.19% |
| Tier 1 Risk-Based Capital Ratio | 10.853% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.78% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.399% |
| Earning Assets to total Assets | 97.01% |
Income and Expense
| Total Interest Income | $12.22M |
| Total Noninterest Income | $1.53M |
| Total Interest Expense | $5.09M |
| Total Noninterest Expense | $4.95M |
| Net Interest Income | $7.13M |
| Pre-tax Net Operating Income | $2.32M |
| Provision for Credit Losses | $1.39M |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $1.49M |
| Other borrowed funds | $75.88M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.76M |
| Total Liabilities and Capital | $693.54M |
Securities
| Securities | $54.20M |
| Available-for-sale debt securities | $54.20M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Platinum Bank?
$693.54M as of the latest filing.
How much are Platinum Bank's total deposits?
$557.64M in total deposits.
Where is Platinum Bank located?
Oakdale, MN.
What is the Net Interest Margin?
4.16%.
How many domestic offices does it operate?
2.
When was it established?
02/12/2007.
What is the Return on Assets (ROA)?
1.31%.
How much are total loans and leases?
$608.83M (latest filing).
What is the total interest income (latest filing)?
$12.22M.