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Paragon Bank, Financial Information

AboutParagon Bank

 Address:
190 South Broadway
Wells,MN
Faribault County,Minnesota
 Established:
Aug 1925
 Number of domestic offices:
2
Agriculture bank
Total assets$34M
Net income$0M
Net income,quarterly$0M
Total deposits$31M
Domestic deposits$31M
Equity capital$3M
ROA0.51%
ROAQ,quarterly0.29%
ROA,pretax0.29%
ROAQ,quarterly,pretax0.56%
ROE6.15%
ROEQ,quarterly3.57%
UpdatedApr 11, 2013

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.

Security State Bank of Wells was approved for charter in May of 1925 and opened its doors for business on August 31, 1925 in Wells, MN. It was incorporated for $25,000 with a surplus of $5,000. The Bank moved to its present location at 190 South Broadway in December of 1981. Designed in conjunction with the US Department of Energy, the facility was the first passive solar building erected in the United States under this program.

In July 2000, the Bank opened its first branch in Shakopee, MN, and changed its name to Paragon Bank.

Paragon Bank offers a real-time on-line banking solution when you sign up for its Internet Banking. View transactions as they happen, transfer funds or receive your statement wherever you have a computer connection. Your friendly home-town staff at Paragon Bank can assist you with the enrollment process.

115 First Avenue East
Shakopee, MN 55379
(952) 445-6002
Lobby and Drive-Thru
Monday - Friday: 8:00 am to 5:00 pm

Historical Data