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 Platinum Bank
Platinum Bank
| RSSD ID 3538009 | CERTIFICATE 58511 | ABA NUMBER 96017670 |
| 7667 10th St N |
Quarter Ended : |
2025-06-30 |
| Oakdale, Minnesota, 55128 |
Updated : |
2025-07-30 |
| www.platinumbankmn.com |
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| Institution Profile |
| Year Opened : |
2007 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
93 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 693,900 |
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Total Interest Income | 21,627 |
| Total Liabilities | 639,702 |
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Total NonInterest Income | 2,279 |
| Total Bank Equity Capital | 54,198 |
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Total Interest Expense | 9,408 |
| Total Deposits | 566,512 |
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Total NonInterest Expense | 8,380 |
| Net Loans & Leases | 599,153 |
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Net Income | 3,923 |
| Loan Loss Allowance | 8,286 |
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Net Charge Offs | 145 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 62,311 |
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Total loans | 584,126 |
| Total assets for the leverage ratio | 655,451 |
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Loans secured by real estate: | 347,844 |
| Tier 1 Leverage Ratio | 8.5 |
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Commercial and industrial loans | 231,839 |
| Tier 1 Capital Ratio | 10.54 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.8 |
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Loans to individuals - Other | 1,557 |
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:· Platinum Bank
