State Bank of Lake Park
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Data as of · sourced from FFIEC call reports. How we update
State Bank of Lake Park is an FDIC-insured commercial bank headquartered in Lake Park, MN, established in 1926 (FDIC certificate 9351), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $47.0M, up 8.1% from Q2 2025, the 206th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.98% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9351
- Headquarters
- Lake Park, MN
- Established
- 1926
- Total assets, Q2 2026
- $47.0M
- Assets vs Q2 2025
- +8.1%
- Tier 1 leverage ratio, Q2 2026
- 10.98%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091215749
- Latest call report
- Q2 2026, FFIEC 051 · State Bank of Lake Park Q3 2026 call report, filed October 14, 2026 (preliminary)
- Holding company
- LAKE PARK BANCSHARES, INC.
- Asset rank in state
- 206th of 221 in Minnesota
State Bank of Lake Park is one of the more profitable banks of its size. It reported $47 million in assets at June 30, 2026, up 8.1% from a year earlier. It returns 15.9% a year on shareholders' equity, about double the median of 8.6% for the 533 banks with less than $100 million in assets. It also grew its loan book 13.0% over the year, 5.0 times the median of 2.6% for banks its size.
Net income for the quarter rose 23% from a year earlier, to $166,000. Over the same year, loans grew 13.0% and deposits grew 7.5%. Credit is the area to watch: it carries problem assets equal to 8.3% of the capital and reserves that would absorb them, 4.3 times the median of 1.9% for banks its size.
As of June 30, 2026, State Bank of Lake Park reported a return on assets of 1.43%, a nonperforming-loan ratio of 1.52% and a Texas ratio of 8.34%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, State Bank of Lake Park is the 206th largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets rose 2.6% to $47.0M, loans rose 1.8% and deposits rose 2.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 51.2% of total loans, ahead of farmland and other real estate loans at 12.4%. The FDIC Summary of Deposits lists 2 offices for it, in Lake Park, MN and Hitterdal, MN; its Lake Park office books 93% of its branch deposits. Judged on its Q2 2026 call report, State Bank of Lake Park meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 2049 2nd Street, Lake Park, MN 56554
- County
- Becker
- Metro Area
- Detroit Lakes, MN
- 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
- October 11, 1926
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $42.5M
- Allowance for credit losses
- $460K
- Net charge-offs (YTD)
- $10K
- Average total assets
- $46.5M
- Average total loans
- $25.9M
- Average interest-bearing deposits
- $33.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9351
- Fed RSSD
- 912756
- Website
- www.statebankoflakepark.com →
- Parent Holding Company
- LAKE PARK BANCSHARES, INC. (RSSD 1132793)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, State Bank of Lake Park reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, State Bank of Lake Park's total assets ranged from $42.8M (Q3 2023) to $47.0M (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
$47.0M total assets against $43.5M; $42.7M total liabilities against $39.7M.
$25.8M net loans and leases against $22.9M; $42.5M total deposits against $39.5M.
$16.1M securities against $17.1M; $4.4M cash and balances due against $2.9M.
$606K total interest income against $530K; $185K total interest expense against $173K.
$421K net interest income against $357K.
$14K total noninterest income against $14K; $260K total noninterest expense against $236K.
$10K provision for credit losses against $0.
$166K net income against $135K.
1.43% return on assets against 1.24%; 3.79% net interest margin against 3.41%.
10.98% tier 1 leverage ratio against 10.99%.
Inside the full State Bank of Lake Park terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.61% (Q3 2025) to 1.43% (Q2 2026) and its net interest margin ran from 2.97% (Q3 2024) to 3.84% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.98% | 1.43% | 1.52% | 8.34% | 3.79% |
| Q1 2026 | 10.75% | 1.33% | 1.66% | 9.59% | 3.83% |
| Q4 2025 | 10.63% | 0.93% | 1.57% | 8.67% | 3.79% |
| Q3 2025 | 10.70% | 0.61% | 1.65% | 9.16% | 3.84% |
| Q2 2025 | 10.99% | 1.24% | 1.79% | 10.25% | 3.41% |
| Q1 2025 | 10.23% | 0.68% | 1.76% | 11.22% | 3.29% |
| Q4 2024 | 10.52% | 0.69% | 1.69% | 11.28% | 2.99% |
| Q3 2024 | 10.34% | 0.69% | 2.21% | 13.56% | 2.97% |
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 |
|---|---|---|---|
| State Bank of Lake Park (main office) | Lake Park , MN | 56554 | $39.6M |
| Detached Facility | Hitterdal , MN | 56552 | $3.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 249 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $50K approved, $50K 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, Mortgage lending (HMDA), 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 State Bank of Lake Park
What are State Bank of Lake Park's total assets?
As of the Q2 2026 filing, State Bank of Lake Park reported total assets of $47.0 million in its FFIEC call report.
Where is State Bank of Lake Park headquartered?
It is headquartered in Lake Park, MN, United States.
When was State Bank of Lake Park founded?
It was established in 1926, per the FDIC institution directory.
Is State Bank of Lake Park FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9351). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Bank of Lake Park?
State Bank of Lake Park's primary federal regulator is the FDIC.
How many branches does State Bank of Lake Park 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 State Bank of Lake Park's Texas Ratio?
Its Texas Ratio is 8.34% 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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