State Bank Of Lake Park is a bank based in Lake Park, Minnesota, established in 1926, with $46 million in total assets across 2 branches. By Trust Grade it ranks 140th of 224 banks we track in Minnesota. Its capital ratio of 8.7% trails most similarly sized banks (16th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.33% return on assets. No consumer complaints against State Bank Of Lake Park appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How State Bank Of Lake Park compares to Minnesota peers
How we graded State Bank Of Lake Park
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.7% capital ratio)
- Strongly profitable (ROA 1.33%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for State Bank Of Lake Park over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 100 Front Street West, Hitterdal, MN 56552
- 2049 2nd Street, Lake Park, MN 56554
Are deposits at State Bank Of Lake Park insured?
Yes. State Bank Of Lake Park is an FDIC-insured bank (FDIC certificate #9351). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
State Bank Of Lake Park: frequently asked questions
Is State Bank Of Lake Park a good bank?
State Bank Of Lake Park earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (8.7% capital ratio); Strongly profitable (ROA 1.33%).
Is State Bank Of Lake Park FDIC-insured?
Yes. State Bank Of Lake Park is a FDIC-insured bank (FDIC certificate #9351). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is State Bank Of Lake Park?
State Bank Of Lake Park holds $46 million in total assets, ranking 140th of 224 banks we track in Minnesota. It operates 2 branches.
Does State Bank Of Lake Park have CFPB complaints?
No CFPB complaints against State Bank Of Lake Park appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
