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State Bank of New Prague, Financial Information

About State Bank of New Prague

 Address:
1101 First Street Se
New Prague, MN
Le Sueur County, Minnesota
 Established:
Nov 1883
 Number of domestic offices:
1
Total assets$115M
Net income$2M
Net income, quarterly$1M
Total deposits$95M
Domestic deposits$95M
Equity capital$18M
ROA1.9%
ROAQ, quarterly1.89%
ROA, pretax1.89%
ROAQ, quarterly, pretax1.89%
ROE12.37%
ROEQ, quarterly11.65%
UpdatedApr 11, 2013

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.

The State Bank of New Prague is the oldest established business in the City of New Prague. The Bank was first established in 1883 as the Bank of New Prague and was one of the very first banks to organize in this area of the State. The Village of New Prague had few homes at that time, and early settlers were reluctant to deposit what little money they had into a bank.

Through the bank’s commitment and support to the early settlers and concern for the welfare of the community, the bank was able to build trust. This trust is the cornerstone of the community partnership between the Bank and the New Prague area for over 125 years.

This long history of commitment and service to the community is one of the values that holds as true today as it did in 1883 and is one of the reasons the State Bank of New Prague is regarded as one of the area’s most trusted institutions.

In 2008, the bank relocated to its new building on First Street, but the values in which the bank was established have not changed.

State Bank of New Prague
1101 First Street SE
New Prague, Minnesota 56071
952.758.4491

Historical Data