Platinum Bank
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Data as of · sourced from FFIEC call reports. How we update
Platinum Bank is an FDIC-insured commercial bank headquartered in Oakdale, MN, established in 2007 (FDIC certificate 58511), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $739.1M, up 6.5% from Q2 2025, the 30th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 10.59% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58511
- Headquarters
- Oakdale, MN
- Established
- 2007
- Total assets, Q2 2026
- $739.1M
- Assets vs Q2 2025
- +6.5%
- CET1 ratio, Q2 2026
- 10.59%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 096017670
- Holding company
- PLATINUM BANCORP, INC.
- Asset rank in state
- 30th of 221 in Minnesota
Platinum Bank operates with a thinner capital cushion than most banks of its size. It reported $739 million in assets at June 30, 2026, up 6.5% from a year earlier. It holds common equity equal to 10.59% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also pays an average of 2.70% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.05% of loans from 1.18%. Earnings jumped: net income for the quarter was $3.1 million, 54% above the same quarter a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.2 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Platinum Bank reported a CET1 capital ratio of 10.59%, a return on assets of 1.73%, a nonperforming-loan ratio of 0.81% and a Texas ratio of 2.61%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Platinum Bank is the 30th largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets rose 4.4% to $739.1M, loans rose 2.0% and deposits rose 5.5%. Commercial and industrial loans made up 41.1% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 19.8%. The FDIC Summary of Deposits lists 2 offices for it, in Oakdale, MN and Plymouth, MN; its Oakdale office books 88% of its branch deposits. Judged on its Q2 2026 call report, Platinum Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 7667 10th St N, Oakdale, MN 55128
- County
- Washington
- Metro Area
- Minneapolis-St. Paul-Bloomington, 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
- February 12, 2007
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 90
- Domestic deposits
- $601.1M
- Allowance for credit losses
- $8.6M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $717.0M
- Average total loans
- $640.8M
- Average interest-bearing deposits
- $435.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 12, 2007
- FDIC Cert
- 58511
- Fed RSSD
- 3538009
- SEC CIK
- 1388909 → filed by PLATINUM BANCORP, INC.
- Website
- www.platinumbankmn.com →
- Parent Holding Company
- PLATINUM BANCORP, INC. (RSSD 3537990)
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
Platinum Bank's total assets moved between a low of $499.8M (Q3 2023) and a high of $739.1M (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
$739.1M total assets against $693.9M; $678.5M total liabilities against $639.7M.
$643.7M net loans and leases against $603.9M; $601.1M total deposits against $566.5M.
$54.3M securities against $53.1M; $23.5M cash and balances due against $22.9M.
$12.1M total interest income against $11.1M; $4.6M total interest expense against $4.8M.
$7.5M net interest income against $6.3M.
$1.0M total noninterest income against $1.5M; $4.7M total noninterest expense against $4.4M.
$735K provision for credit losses against $1.5M.
$3.1M net income against $2.0M.
1.73% return on assets against 1.23%; 4.26% net interest margin against 3.93%.
10.59% CET1 capital ratio against 10.54%; 8.55% tier 1 leverage ratio against 8.50%.
Inside the full Platinum Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Platinum Bank rankings
Its closest position to the top of a national ranking is 860 of 3,611, for ROA; its furthest is 2,034 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.00% (Q3 2025) to 1.92% (Q4 2024) and its net interest margin ran from 3.63% (Q3 2024) to 4.26% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.59% | 1.73% | 0.81% | 2.61% | 4.26% |
| Q1 2026 | 10.80% | 1.34% | 0.84% | 3.42% | 4.15% |
| Q4 2025 | 10.85% | 1.26% | 0.92% | 3.89% | 3.93% |
| Q3 2025 | 10.73% | 1.00% | 1.09% | 5.77% | 3.87% |
| Q2 2025 | 10.54% | 1.23% | 2.00% | 11.85% | 3.93% |
| Q1 2025 | 11.12% | 1.19% | 1.16% | 3.92% | 3.74% |
| Q4 2024 | 10.99% | 1.92% | 0.91% | 2.64% | 3.86% |
| Q3 2024 | 10.88% | 1.55% | 1.58% | 6.24% | 3.63% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Platinum Bank (main office) | Oakdale , MN | 55128 | $531.2M |
| Plymouth Branch | Plymouth , MN | 55441 | $69.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 51 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 51 applications, 43 loans originated, $32.8M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 85 loans, $58.8M approved, $692K 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
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Frequently asked about Platinum Bank
What are Platinum Bank's total assets?
As of the Q2 2026 filing, Platinum Bank reported total assets of $739.1 million in its FFIEC call report.
Where is Platinum Bank headquartered?
It is headquartered in Oakdale, MN, United States.
When was Platinum Bank founded?
It was established in 2007, per the FDIC institution directory.
Is Platinum Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58511). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Platinum Bank?
Platinum Bank's primary federal regulator is the FDIC.
What is Platinum Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.59% in its Q2 2026 call report, above regulatory requirements.
How many branches does Platinum Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Platinum Bank's Texas Ratio?
Its Texas Ratio is 2.61% 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.
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