Park State Bank
BankRegReports is independent of Park State Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Park State Bank is an FDIC-insured commercial bank headquartered in Duluth, MN, established in 1916 (FDIC certificate 8851), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.49B, up 5.7% from Q2 2025, the 10th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 14.94% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8851
- Headquarters
- Duluth, MN
- Established
- 1916
- Total assets, Q2 2026
- $1.49B
- Assets vs Q2 2025
- +5.7%
- CET1 ratio, Q2 2026
- 14.94%
- Domestic offices
- 18 FDIC institution directory, current count
- Routing number
- 091900119
- Holding company
- PARK FINANCIAL GROUP, INC.
- Asset rank in state
- 10th of 221 in Minnesota
Problem loans are rising at Park State Bank. It reported $1.5 billion in assets at June 30, 2026, up 5.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.92% of loans from 0.20% a year earlier. It spends about 48 cents to bring in each dollar of revenue, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). It also holds commercial real estate loans worth 1.4 times its capital, lower than about three-quarters of banks its size (median 2.2 times).
The commercial and industrial book ($196 million) is worsening: 2.18% of it is past due or on nonaccrual, up from 0.37% a year earlier. Net income for the quarter slipped 12% from a year earlier, to $4.4 million. One more trend to watch: the non-owner-occupied commercial real estate book ($129 million) is worsening: 0.65% of it is past due or on nonaccrual, up from 0.06% a year earlier.
As of June 30, 2026, Park State Bank reported a CET1 capital ratio of 14.94%, a return on assets of 1.17%, a nonperforming-loan ratio of 0.92% and a Texas ratio of 5.61%. The figures come from its call report filed with the FFIEC.
Park State Bank ranks as the 10th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.4% to $1.49B, loans fell 1.2% and deposits rose 0.4%. 1-4 family residential loans made up 35.6% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 21.7%. Its 18 offices in the FDIC Summary of Deposits are in 13 cities in MN; its Duluth 3 offices book 25% of its branch deposits. On its Q2 2026 call report, Park State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2630 W Superior St, Duluth, MN 55806
- County
- St. Louis
- Metro Area
- Duluth, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 28, 1916
- Domestic offices
- 18 FDIC institution directory, current count
- Employees (FTE)
- 158
- Domestic deposits
- $1.21B
- Allowance for credit losses
- $9.5M
- Net charge-offs (YTD)
- $2.5M
- Average total assets
- $1.49B
- Average total loans
- $911.5M
- Average interest-bearing deposits
- $1.00B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8851
- Fed RSSD
- 286457
- SEC CIK
- 1808433 → filed by PARK FINANCIAL GROUP, INC.
- Website
- www.parkstatebank.com →
- Parent Holding Company
- PARK FINANCIAL GROUP, INC. (RSSD 4792022)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Park State Bank's total assets moved between a low of $1.20B (Q3 2023) and a high of $1.49B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.49B total assets against $1.41B; $1.35B total liabilities against $1.27B.
$893.3M net loans and leases against $862.2M; $1.21B total deposits against $1.16B.
$421.9M securities against $398.3M; $106.9M cash and balances due against $85.4M.
$18.7M total interest income against $18.5M; $6.9M total interest expense against $7.4M.
$11.8M net interest income against $11.0M.
$2.2M total noninterest income against $2.0M; $7.2M total noninterest expense against $6.7M.
$825K provision for credit losses against -$490K.
$4.4M net income against $4.9M.
1.17% return on assets against 1.38%; 3.31% net interest margin against 3.23%.
14.94% CET1 capital ratio against 15.89%; 9.89% tier 1 leverage ratio against 10.31%.
Inside the full Park State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freePark State Bank rankings
Its closest position to the top of a national ranking is 624 of 3,606, for efficiency ratio; its furthest is 657 of 980, for uninsured deposits.
Banks merged into Park State Bank
- First National Bank, effective December 6, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.02% (Q3 2024) to 1.76% (Q4 2025) and its net interest margin ran from 2.99% (Q4 2024) to 3.36% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.94% | 1.17% | 0.92% | 5.61% | 3.31% |
| Q1 2026 | 14.77% | 1.42% | 0.98% | 6.14% | 3.30% |
| Q4 2025 | 14.73% | 1.76% | 0.69% | 4.32% | 3.36% |
| Q3 2025 | 16.09% | 1.43% | 0.51% | 2.93% | 3.36% |
| Q2 2025 | 15.89% | 1.38% | 0.20% | 1.16% | 3.23% |
| Q1 2025 | 15.13% | 1.21% | 0.20% | 1.29% | 3.21% |
| Q4 2024 | 14.42% | 1.28% | 0.28% | 1.71% | 2.99% |
| Q3 2024 | 13.96% | 1.02% | 0.29% | 2.49% | 3.10% |
Swipe the table sideways to see every column.
Branch Network
View all 18 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Park State Bank (main office) | Duluth , MN | 55806 | $268.1M |
| Mountain IronExpressway Branch | Mountain Iron , MN | 55768 | $164.2M |
| Hibbing Downtown Branch | Hibbing , MN | 55746 | $109.0M |
| Minneapolis Branch | Minneapolis , MN | 55416 | $105.0M |
| Two Harbors Branch | Two Harbors , MN | 55616 | $102.6M |
| Grand Rapids South Branch | Grand Rapids , MN | 55744 | $87.8M |
| First National Bank Branch | Chisholm , MN | 55719 | $51.6M |
| Nashwauk Branch | Nashwauk , MN | 55769 | $49.1M |
| Hermantown Branch | Hermantown , MN | 55811 | $46.1M |
| Grand Rapids North Branch | Grand Rapids , MN | 55744 | $43.9M |
| Cook Branch | Cook , MN | 55723 | $40.0M |
| Silver Bay Branch | Silver Bay , MN | 55614 | $30.0M |
| Chisholm Branch | Chisholm , MN | 55719 | $27.8M |
| West Duluth Branch | Duluth , MN | 55807 | $26.5M |
| Orr Branch | Orr , MN | 55771 | $24.4M |
| Biwabik Branch | Biwabik , MN | 55708 | $16.7M |
| Mt Royal Branch | Duluth , MN | 55803 | $12.8M |
| Chisholm Branch | Chisholm , MN | 55719 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 6, 2025 | Structure Change | Acquired First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 5, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 22, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 22, 2021 | Structure Change | Acquired American Bank of the North Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 28, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 28, 2018 | Structure Change | Acquired The Pioneer National Bank of Duluth Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in MN, rank 20 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 356 applications, 250 loans originated, $66.4M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $479K approved, $479K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Park State Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Park State Bank
What are Park State Bank's total assets?
As of the Q2 2026 filing, Park State Bank reported total assets of $1.49 billion in its FFIEC call report.
Where is Park State Bank headquartered?
It is headquartered in Duluth, MN, United States.
When was Park State Bank founded?
It was established in 1916, per the FDIC institution directory.
Is Park State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8851). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Park State Bank?
Park State Bank's primary federal regulator is the FDIC.
What is Park State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.94% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Park State Bank operate?
It operates 18 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Park State Bank's Texas Ratio?
Its Texas Ratio is 5.61% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on Park State Bank.
Get an email when Park State Bank files its next call report, and benchmark it against any peer you choose.
Unlock Park State Bank, freeFree account