Minnstar Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

MinnStar Bank National Association was chartered as a national bank in 1934 as The Lake Crystal National Bank. The company was formed by a group of local businessmen who sought to reorganize the First National Bank which closed its doors in 1933. The Lake Crystal National Bank built its present Lake Crystal office in 1974. The branches in Good Thunder and Mankato were acquired in 1990 when the Lake Crystal National Bank purchased The First State Bank of Good Thunder. In October 1992, the company name was changed to MinnStar Bank National Association in order to bring a unified identity of the bank to all three communities.

MinnStar Bank is owned by Lake Crystal Bancorporation, Inc. a bank holding company and governed by a six member board of directors. The company remains in local ownership and continues to grow and look for acquisition opportunities.

Lake Crystal
202 North Main
Box 270
Lake Crystal, MN 56055-0270
Phone: 507.726.2137
Fax: 507.726.6194

Mankato
201 Poplar Street
Mankato, MN 56001-2404
Phone: 507.625.6816
Fax: 507.625.1678