Prior Lake State Bank
Prior Lake, MN — Domestic Branch of a Domestic Bank
Acquired Oct 2014
Vitals
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Total Assets209.8M 3.7 %
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Total Deposits183.6M 5.2 %
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Total Net Loans109.0M 1.3 %
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Net Income928000.0000 -66.5 %
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Book Value26.0M -4.7 %
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Book Value x251.9M -4.7 %
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Book Value x377.9M -4.7 %
Balance Sheet Highlights
Financial Highlights | Prior Lake State Bank | All Insured Commercial Banks in Minnesota |
Balance Sheet $(000) | ||
Total Assets | 209,831 | 136,494 |
Total Net Loans | 108,992 | 86,495 |
Total Deposits | 183,574 | 116,374 |
Total Equity | 25,952 | 14,292 |
Profitability | ||
Net Income | 928 | 1,154 |
Return on Average Assets | 1.347 | 1.051 |
Return on Average Equity | 10.249 | 10.22 |
Net Interest Margin | 3.153 | 3.838 |
Efficiency Ratio | 51.755 | 69.414 |
Noninterest Income/Revenue | 9.701 | 13.569 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 59.372 | 72.322 |
Securities/Assets | .308 | .197 |
Total Equity/Total Assets | .124 | .105 |
Tangible Equity/Tangible Assets | .096 | .103 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 20,624 | 13,658 |
Tier 2 Capital | 27 | 1,055 |
Total Capital | 20,651 | 14,727 |
Total Risk Weighted Assets | 132,993 | 94,982 |
Leverage Ratio | 10.66 | 10.175 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 15.51 | 15.31 |
Total Capital Ratio | 15.53 | 16.412 |
Timeline for Prior Lake State Bank
Klein Financial, Inc.
Klein Financial, Inc. became a new parent organization for Prior Lake State Bank.
View Profile Jun 19 2014Norlo, Inc.
Norlo, Inc. became a new parent organization for Prior Lake State Bank.
View Profile Oct 23 1980Prior Lake State Bank
Prior Lake State Bank was established 121 years ago and is currently headquartered in Prior Lake, MN.
Jan 01 1903Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Kleinbank | Buyer | 1,917,204 | Acquisition | Discontinued | 10/25/2014 |
Relationships | Role | Relationship Start | Relationship End |
Klein Financial, Inc. | Parent | 6/19/2014 | 10/24/2014 |
Norlo, Inc. | Parent | 11/20/1990 | 6/18/2014 |
Norlo, Inc. | Parent | 5/2/1988 | 11/19/1990 |
Norlo, Inc. | Parent | 10/23/1980 | 5/1/1988 |
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