Star Bank, Financial Information

AboutStar Bank

 Address:
100 State Highway 55 East
Maple Lake,MN
Todd County,Minnesota
 Established:
Aug 1904
 Number of domestic offices:
10
Agriculture bank
Total assets$342M
Net income$4M
Net income,quarterly$1M
Total deposits$298M
Domestic deposits$298M
Equity capital$29M
ROA1.21%
ROAQ,quarterly0.73%
ROA,pretax0.73%
ROAQ,quarterly,pretax0.73%
ROE13.02%
ROEQ,quarterly8.41%
UpdatedMay 20, 2021

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.

The history of Star Bank goes back over 100 years ago, to 1904, when a national bank was chartered under the name of The First National Bank of Bertha, in Bertha, Minnesota. For the next 80 years, it operated as a single location bank, until 1984 when The First National Bank of Verndale (Minnesota) was purchased and merged into this charter as a branch office. The two offices operated as First National Bank of Bertha-Verndale until March 2000.

Today, Star Bank is still led by Harry Wahlquist, President & CEO and Chairman of the Board. In addition, two other members of the Wahlquist family joined the Executive Team, Andy Wahlquist – Vice President responsible for the Maple Lake and Annandale offices, and Katie (Wahlquist) Incantalupo who acts as VP/Director of Marketing for Star Bank. The solid family values, the friendly personal touch, and a strong commitment to employees, customers and communities are cornerstones of the Bank and distinct advantages in today’s market.

Star Bank has consistently received a four star or better "Recommended” rating from Bauer Financial, Inc., an independent bank rating firm.