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State Bank of Lake Park, Financial Information

About State Bank of Lake Park

 Address:
2049 2nd Street
Lake Park, MN
Becker County, Minnesota
 Established:
Oct 1926
 Number of domestic offices:
2
Total assets$44M
Net income$0M
Net income, quarterly$0M
Total deposits$39M
Domestic deposits$39M
Equity capital$4M
ROA0.96%
ROAQ, quarterly0.26%
ROA, pretax0.26%
ROAQ, quarterly, pretax0.26%
ROE9.68%
ROEQ, quarterly2.65%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

State Bank of Lake Park is a commercial bank, state charter and Fed nonmember, supervised by the FDIC. The bank was established in 1926.

The bank offers a variety of lending options, such as cars, boats, snowmobiles, ATV s and personal loans. Also on the plate are a range of personal banking services, including checking, savings, Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). State Bank of Lake Park many mortgage products as well, including new construction, first-time homebuyers, refinance, home improvement and rural housing program.

In addition, the bank provides cashier checks, safe deposit boxes and wire transfers. State Bank of Lake Park is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing Lender.

Sound financial advice and outstanding service is something customers can depend on. The banks goal is to help the communities it serves to thrive and prosper. The financial well being of each individual customer translates into stronger, more vibrant communities benefiting everyone.

State Bank of Lake Park
2049 2nd Street
P.O. Box 449
Lake Park, MN 56554
888-228-1381
218-238-5955
Fax: 218-238-5953

Hitterdal location
P.O. Box 141
Hitterdal, MN 56552
218-962-3246
Fax: 218-962-3246

Historical Data