# PARK STATE BANK
DULUTH, MN · FDIC certificate 8851 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $1.49B | |
| Deposits | $1.21B | |
| Loans and leases | $902.7M | |
| Total equity | $146.8M | |
| Loans / deposits | 74.09% (p23 of band) | 87.10% |
| Liquid assets / assets | 35.43% (p84 of band) | |
| Uninsured deposits / deposits | 26.50% (p35 of band) | 30.76% |
| Brokered deposits | 15.22% | |
| Wholesale funding | 24.22% (p93 of band) | |
| FHLB advances / assets | 8.96% | |
| Tier 1 leverage | 9.89% (p34 of band) | 10.50% |
| Unrealized securities loss / equity | -6.24% (p57 of band) | -7.75% |
| AOCI / equity | -0.35% (p47 of band) | |
| ROA (annualized) | 1.30% (p55 of band) | 1.26% |
| Net interest margin | 3.35% (p28 of band) | 3.70% |
| Efficiency ratio | 48.58% (p20 of band) | |
| Noncurrent loans | 0.92% (p71 of band) | 0.51% |
| Net charge-offs (annualized) | 0.33% (p91 of band) | |
| Reserve coverage of noncurrent | 113.49% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 41.41% (p44 of band) | |
| Auto loans | $2.1M (0.23% of loans; DQ 4.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 4.3% | |
| Employees | 158 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | leverage <7%, leverage <5%, losing money, expense ratio p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  | leverage <5% |
| 2011-09 | 5 |  |  |
| 2011-12 | 3 |  | charge-offs p90, reserve under noncurrent |
| 2012-03 | 2 |  | losing money |
| 2012-06 | 3 | losing money |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 1 |  | expense ratio p90, losing money |
| 2013-06 | 4 | capital falling, losing money, expense ratio p90 |  |
| 2013-09 | 3 |  | capital falling |
| 2013-12 | 3 |  |  |
| 2014-03 | 1 |  | losing money, expense ratio p90 |
| 2014-06 | 1 |  |  |
| 2014-09 | 2 | uninsured deposits leaving |  |
| 2014-12 | 1 |  | uninsured deposits leaving |
| 2015-03 | 2 | charge-offs p90 |  |
| 2015-06 | 1 |  | charge-offs p90 |
| 2015-09 | 1 |  |  |
| 2015-12 | 4 | losing money, expense ratio p90, NIM <2.5%, reserve under noncurrent | leverage <7% |
| 2016-03 | 2 |  | NIM <2.5%, reserve under noncurrent |
| 2016-06 | 2 |  |  |
| 2016-09 | 1 |  | losing money |
| 2016-12 | 1 | uninsured deposits leaving | expense ratio p90 |
| 2017-03 | 1 | capital falling | uninsured deposits leaving |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | capital falling |  |
| 2018-06 | 0 |  | capital falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | reserve under noncurrent |  |
| 2019-03 | 2 | loans exceed deposits |  |
| 2019-06 | 1 |  | reserve under noncurrent |
| 2019-09 | 0 |  | loans exceed deposits |
| 2019-12 | 1 | liquid assets <10% |  |
| 2020-03 | 1 | capital falling | liquid assets <10% |
| 2020-06 | 3 | loans exceed deposits, wholesale funding >15% |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 1 |  | loans exceed deposits |
| 2021-06 | 0 |  | wholesale funding >15% |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 2 | deposits shrinking, assets shrinking |  |
| 2023-03 | 0 |  | deposits shrinking, assets shrinking |
| 2023-06 | 0 |  |  |
| 2023-09 | 3 | brokered >10%, wholesale funding >15%, uninsured deposits leaving |  |
| 2023-12 | 4 | capital falling |  |
| 2024-03 | 3 |  | uninsured deposits leaving |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | capital falling |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 2 |  |  |
| 2026-03 | 3 | capital falling |  |
| 2026-06 | 3 | charge-offs p90 | capital falling |

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

- 2025-10-23 [Fast 50: Park Financial Group up 20 spots on The List - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxNVjEzeXlzYmxsZ19Va0U2aDNRM0xTRVpTaVBZNTRXUHJYU2RQZ1RHZ3YwaFRHTmZZRHE0U1dhM2Z6Uzg2X2xnalBmZWxDVDZUdnpZWlZYNDJBZkZLUHpSaTdJT29ybjZHSUdreGdhZEk0Zk9GaklxT0ZmNFg1enpzZmRnUXBHdXFmdnZaV184S29aSHFVclRtS05idS1hVEJIUEVGNTBB?oc=5) · The Business Journals
- 2017-11-10 [A century of family-owned banking at Plaza Park State Bank - St. Cloud Times](https://news.google.com/rss/articles/CBMi1AFBVV95cUxNMm9faV8zU3BMUVQzc3ZBV0x6aEM0YU9YNHR2YVRFQmFKeHN1MnkzYVgwTkN6TkFkdVRKZjhGYzgyRVJzbk91cWFPUEpvekFfT19CQmlDSkZINE5uaVRZOUVWV0hTcGhCdnJFek9KM2hmUnBoNGRxQWMxZnFxSjktTFhZcDFPTWg1Z1cyZTlFeEE0SXFDV3lQREx6TGcybjJrdmMwX2FOcjVwM2VaRnpjbWdWaFRzcXBWOE9Ud3padV9wUjUtdGFFX29xUjZCWmVlZG1zOQ?oc=5) · St. Cloud Times
- 2022-01-04 [Entrepreneur buys historic building in north Minneapolis to invest in BIPOC-owned businesses - kare11.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQQWVrOUJ5Tnoxb2dWRWViSUN4MnVsXzVwaVBhMDVhSnRFUXFmZUJlSC1BbG4wSG5sYTNPLXJZakl3Q3JhY0tJOGthdmlfUjRhMVZGWjlnRGVfeUZja2JOemUzUWp3aEtsaE1RXzdpTU05d3FTMDkyMjA0RDhIMWdHYzFQQy1Ub3pZazhQVThCRVR5anJxMHFCM19TVjZLcUwyUkVwaTJKY25EWk9HcjNYSzZiWXZtYTBSckZscmpGeTZPVUZQUWNORXo5Q1pTVmlseFFaRzh3?oc=5) · kare11.com
- 2015-10-29 [Park State Bank names new directors - BusinessNorth](https://news.google.com/rss/articles/CBMixAFBVV95cUxPeGdNM2RPOHp3SUhMdTVfcDJKenBCWDF5X2lYRDBCZXRfZElOMXVTSEJmaHY3LTdBeUJ0aE1DRkJyTDhwZlozdnNraWFuYkhZVmdZT1pZM09ZVkZXMEhaNWswLTJiTkprQllHczZEamhPbG1sUm50M3JaMUZvaURqQWpRNWxpQnlIYUV0d0ROMV85Rm1YaGNNZTZidUpqTXpGRzhDaW41aXhNMnA1amMwYzVKQnVrTG5jWWtST095TEVVQW9S?oc=5) · BusinessNorth
- 2016-08-07 [Former Park State Bank owner opens advisory firm in downtown Duluth - Duluth News Tribune](https://news.google.com/rss/articles/CBMirwFBVV95cUxNMklUNzFiaXE5bTRRSkNWMWJkYmVFTERiZXlVWHlMbmh0RlJSZWRkdzFRWHlPQjBfU2VvRGVybUlFdThrOWwwMnFjTnVkenh6T1BBdFdtY3FoVzJ4WFBGVV9iZTFrRDBxanBYdzA3VEcxUmFmZ2NBb0NqLXh3NEVIdk5wUTRtdWMyR1pZaVctNlp1bnh3dTRZODFmSTIyRVZCLTM4SlJ5Rm4xNGFJaTRB?oc=5) · Duluth News Tribune
- 2025-08-01 [Park State Bank wins Hibbing Little League title - mesabitribune.com](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNREhXQkl2Z2plTTNncHhRbF9wNTUxb0FNa3FLVjNJaDM5UHFBMGJNYlE4WVhaODE2OGxDLU56N0V4Mzh5YjdIcllERDR1QjgzazY2cHNGdmhjREltRnA2RndzUWxWTmhCTFhCalZjZmdMRDVMQk5vcTZnNlVZMkVEMnBfbUtVTjNtWVh5ckI1bV81XzQ5SzlxVnNkWkF6UFZqdVI5SGs4dGdhRUpNNUo5Q0R0UF9JSGNiWGZ6YTRCNy1qaU16MFZqMUVxOHlxcWx0?oc=5) · mesabitribune.com
- 2022-05-08 [EY Announces David Saber of Park State Bank as an Entrepreneur Of The Year® 2022 Heartland Award Finalist - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMi_AFBVV95cUxOV3REamppOVpjTGtIY2pXelVOZFdDaVY1R0dETGF5NDJFd2JuYTRYZTdDTFE3NVRVUjhZVkZLX3dhenBQUnlfMmtLZ2p5ZVZuWFN4SEdrYk1fSFRTU3RocGJPLVMyd3ZEVzFrUFNVbFJEbVVEbi1YUU1IWkhDaGd4VGhBdlpfZ3VGLTFESThXUzVVRjk2QXVpV0IxUkZ3Z19WRVNPcXhrbXNfZVhVYkRqOEs2eWNSN09WYW1QbXBuMjF4SGszRVVxTkcycTNhTzJ0M3gwVEt3eU9GaE1BMDQ2bDdpVHlyOWFEdWtfYWNDZ2ZNNnBmS3dnZnluVWM?oc=5) · Grand Rapids Herald-Review
- 2025-07-31 [Park State Bank to acquire First National Bank of Chisholm, expanding northern Minnesota presence - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxPNkE2WVFiZU5wWWpMMDNwZkZwNFMzSGtWTkN1YWhabFExOTNMRE9manVBaWoyeFh6Y2sxZmpJSW9maFRjTG01enYxMU95QTNEbHppdzBNa2pKNEE1QkRnZU92RzBENlJZMG91VkNOa0dBVnVTc0JUVjN1SkpNTFRxQXd2SExxNVZrY05BZndwV2F6dW82VmNwR0QzQUdwdw?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8851 (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/19.json (key "8851", 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