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 Platinum Bank
Platinum Bank
| RSSD ID 3538009 | CERTIFICATE 58511 | ABA NUMBER 96017670 |
| 7667 10th St N |
Quarter Ended : |
2025-09-30 |
| Oakdale, Minnesota, 55128 |
Updated : |
2025-10-30 |
| 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 | 719,974 |
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Total Interest Income | 33,516 |
| Total Liabilities | 664,120 |
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Total NonInterest Income | 3,216 |
| Total Bank Equity Capital | 55,854 |
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Total Interest Expense | 14,601 |
| Total Deposits | 591,523 |
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Total NonInterest Expense | 13,071 |
| Net Loans & Leases | 601,783 |
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Net Income | 5,680 |
| Loan Loss Allowance | 7,219 |
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Net Charge Offs | 2,396 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 63,417 |
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Total loans | 610,647 |
| Total assets for the leverage ratio | 698,150 |
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Loans secured by real estate: | 369,190 |
| Tier 1 Leverage Ratio | 8.14 |
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Commercial and industrial loans | 238,366 |
| Tier 1 Capital Ratio | 10.73 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 11.98 |
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Loans to individuals - Other | 1,642 |
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:· Platinum Bank
