# STATE BANK OF PARK RAPIDS
PARK RAPIDS, MN · FDIC certificate 1406 · asset band <$300M · latest filing 2015-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $91.0M | |
| Deposits | $74.9M | |
| Loans and leases | $42.2M | |
| Total equity | $11.3M | |
| Loans / deposits | 55.86% (p27 of band) | 70.43% |
| Liquid assets / assets | 46.99% (p72 of band) | |
| Uninsured deposits / deposits | 11.20% (p41 of band) | 13.33% |
| Brokered deposits | 1.63% | |
| Wholesale funding | 6.91% (p76 of band) | |
| FHLB advances / assets | 3.08% | |
| Tier 1 leverage | 11.43% (p64 of band) | 10.49% |
| Unrealized securities loss / equity | 5.48% (p85 of band) | 1.32% |
| AOCI / equity | 1.16% (p74 of band) | |
| ROA (annualized) | 1.12% (p70 of band) | 0.80% |
| Net interest margin | 3.41% (p40 of band) | 3.57% |
| Efficiency ratio | 77.62% (p59 of band) | |
| Noncurrent loans | 4.06% (p92 of band) | 0.77% |
| Net charge-offs (annualized) | -0.05% (p9 of band) | |
| Reserve coverage of noncurrent | 24.15% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 40.06% (p76 of band) | |
| Auto loans | $324,000 (0.77% of loans; DQ 1.85%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -14.5% | |
| Employees | 17 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | reserve under noncurrent |
| 2012-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-09 | 1 | reserve under noncurrent | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 | charge-offs p90 | reserve under noncurrent |
| 2013-06 | 1 | reserve under noncurrent | charge-offs p90 |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | capital falling |
| 2014-06 | 2 | noncurrent p90 |  |
| 2014-09 | 1 |  | noncurrent p90 |
| 2014-12 | 5 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-03 | 5 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2013-02-01 [Thomas Ogaard named President and CEO of Native American Bank - PR Newswire](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPVkhTLU53UWQ4VE9LV1dZZnMzY3RoZkRwbnM1OWtCanEyQ2JWMFp5REY2dVpjUWhyU3AyWmJyR1lUTERUUk5BemFZOHEzWjVOakl3SWVPUWp2a19WTk1Mckp0cVAzTGhOVl9kRzN5OHdMMTBaa2tCVloySHVtdFJFWHotbTV3RWFvdnNaWGgwRzhpcFZaZTZYcUswdDE3cWJTZkJvWi1oNjRVeTVjZFJRLXQwbUhGMkV1?oc=5) · PR Newswire
- 2014-06-28 [Unofficial Problem Bank list declines to 468 Institutions, Q2 2014 Transition Matrix - Calculated Risk](https://news.google.com/rss/articles/CBMikgFBVV95cUxOSUFUUFMzT2JPM0xhYkZjbU94c2U3RTRROU1pcEtFNUZXS0dxTmtSTldvbnRqRGFoeHVUOW9sbnRocmdfOWVRX3VDNExTc2JTNDRZTWJURU16SmVESHlNQnNPV2FJaXZQVERjVldCOUJETE8tRmxtMVAxZ1p5VDhqLXROZkRNdzJQbmY2VUJjX3gtUQ?oc=5) · Calculated Risk
- 2012-11-14 [Long-term treatment center eyes Val Chatel as new home - Park Rapids Enterprise](https://news.google.com/rss/articles/CBMinAFBVV95cUxNT0N5ZnBFU2dYbzBVU1BBdzE5RGZya1JzeGMtcURZeGN3SUg3aTZxM1FXaGdTRFFsUkRuUmFxRVVXRVRFOXExUHZZeFJ5alBmaVlxNlFBMEF5X3M0c0djbmhTTWFCdncyNXBTanZVaDlJOFVRRGF2S0FPNHM4QnJ3a2lSYWJPNjRlUm4tMk1kdkxXQUtkbHRpd2p4Uk0?oc=5) · Park Rapids Enterprise
- 2009-07-15 [Park Rapids girl charged with misdemeanor in fatal motorcycle accident - Detroit Lakes Tribune](https://news.google.com/rss/articles/CBMiowFBVV95cUxNMUJVSFB4enBLS3NIOXZMcy0zSm1wQ0hVSzBJN1F0YnJYYTF0MGZObHI1Q1BBazIzZVNDWFk3T2FUWVVSMFBHaWxzbDY4THVJTzBPc2R1QnZuU25ZT05JTVR1ODZ1SUFJU3R4eDNvNWlHUVJYT0xnXzV5bFJoelczcW5iQ0h6VHBETk1BbklXMXRfaVhxV2poM3d5bnZDU0NGc2tv?oc=5) · Detroit Lakes Tribune
- 2014-09-04 [Fire Destroys Half Of Dorset's Restaurants - CBS News](https://news.google.com/rss/articles/CBMif0FVX3lxTE5EUmJxaHdoY09OZkZLT3Y0eTF1R3cxeC1BdTYzSV9CMGhyMEx6TG40V0xpSlVxTDl4dEpETUJsVGV0YUZaV1VoZ2JHeUpBNTN2V2pya3d4UmU4dWZFUDQydWY1VEhfSGQ1ZXhJZHg4UUVIbHdzSWJlTVNqMGszNE0?oc=5) · CBS News
- 2013-05-28 [Park Rapids Class of 2013 bids farewell - Park Rapids Enterprise](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNYmlHUFFOMlloSTd4Q1BTM1JJaDg5VzViSU9wdnFwalBvZEk0V0p1N19BeldvYWprXzJXWjg0VnFKYWx5Q3ZXLWp0UkRxYTI2ZUhCZWdkTmRlblVXQUx2cWpyaTA2YjNidHhqTFZTVG9kSFVlcDdIcURDLTJfZ19FZlhUM3B2M1FzQTdz?oc=5) · Park Rapids Enterprise

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1406 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/62.json (key "1406", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide