Vitals
  • Total Assets
    63.7M 10.2 %
  • Total Deposits
    52.8M -0.9 %
  • Total Net Loans
    45.0M 1.8 %
  • Net Income
    292000.0000 -62.2 %
  • Book Value
    9.1M 111.6 %
  • Book Value x2
    18.1M 111.6 %
  • Book Value x3
    27.2M 111.6 %
ROAA

.779

ROAE

6.739

Efficiency Ratio

72.128

Net Interest Margin

3.665

Balance Sheet Highlights
Financial Highlights State Bank Of Tower All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 63,738 109,102
Total Net Loans 45,014 78,299
Total Deposits 52,827 88,538
Total Equity 9,070 10,849
Profitability
Net Income 292 1,829
Return on Average Assets .779 1.071
Return on Average Equity 6.739 10.314
Net Interest Margin 3.665 4.071
Efficiency Ratio 72.128 70.751
Noninterest Income/Revenue 18.624 9.249
Balance Sheet Ratios
Loan-to-Deposit 85.21 84.926
Securities/Assets .152 .255
Total Equity/Total Assets .142 .099
Tangible Equity/Tangible Assets .073 .029
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 4,603 10,140
Tier 2 Capital 429 958
Total Capital 5,032 11,108
Total Risk Weighted Assets 43,681 85,593
Leverage Ratio 7.63 9.825
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.54 12.985
Total Capital Ratio 11.52 14.093

Timeline for State Bank Of Tower

Queen City Federal Savings Bank

State Bank Of Tower was acquired by Queen City Federal Savings Bank 15 years

View Profile Mar 21 2009

Frandsen Financial Corporation

Frandsen Financial Corporation became a new parent organization for State Bank Of Tower.

View Profile May 23 2008

Tower Bancshares, Inc.

Tower Bancshares, Inc. became a new parent organization for State Bank Of Tower.

View Profile Feb 10 1993

Tower-Soudan Agency, Inc.

Tower-Soudan Agency, Inc. became a new parent organization for State Bank Of Tower.

View Profile Dec 31 1970

State Bank Of Tower

State Bank Of Tower was established 82 years ago and is currently headquartered in Tower, MN.

Feb 25 1942
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Queen City Federal Savings Bank Buyer 242,460 Discontinued 3/21/2009
Relationships Role Relationship Start Relationship End
Frandsen Financial Corporation Parent 5/23/2008 3/20/2009
Tower Bancshares, Inc. Parent 9/4/1997 5/22/2008
Tower Bancshares, Inc. Parent 6/30/1994 9/3/1997
Tower-Soudan Agency, Inc. Parent 12/31/1973 6/29/1994
Tower Bancshares, Inc. Parent 2/10/1993 6/29/1994
Tower-Soudan Agency, Inc. Parent 12/31/1970 12/30/1973
Similar Organizations
Organization City State Total Assets
Rocky Mountain Bank & Trust
 		Florence CO 64.0M
Alton Bank
 		Alton MO 64.4M
Stock Growers Bank
 		Napoleon ND 62.9M
The Four County Bank
 		Allentown GA 64.9M
Peoples Exchange Bank Of Monroe County
 		Monroeville AL 62.5M
Hodge Bank & Trust Company
 		Hodge LA 65.1M
Peoples Bank
 		Chatham LA 63.6M
Northern State Bank Of Virginia
 		Virginia MN 61.9M
Security State Bank Of Wanamingo
 		Wanamingo MN 65.8M
Advantage Bank
 		Oklahoma City OK 63.2M