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 Platinum Bank
Platinum Bank
| RSSD ID 3538009 | CERTIFICATE 58511 | ABA NUMBER 96017670 |
| 7667 10th St N |
Quarter Ended : |
2025-03-31 |
| Oakdale, Minnesota, 55128 |
Updated : |
2025-04-30 |
| 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 : |
81 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 636,800 |
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Total Interest Income | 10,492 |
| Total Liabilities | 583,852 |
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Total NonInterest Income | 766 |
| Total Bank Equity Capital | 52,948 |
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Total Interest Expense | 4,605 |
| Total Deposits | 536,103 |
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Total NonInterest Expense | 4,008 |
| Net Loans & Leases | 551,711 |
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Net Income | 1,910 |
| Loan Loss Allowance | 6,666 |
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Net Charge Offs | 304 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 60,843 |
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Total loans | 562,970 |
| Total assets for the leverage ratio | 641,518 |
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Loans secured by real estate: | 333,742 |
| Tier 1 Leverage Ratio | 8.53 |
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Commercial and industrial loans | 217,438 |
| Tier 1 Capital Ratio | 11.12 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.37 |
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Loans to individuals - Other | 1,403 |
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:· Platinum Bank
