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State Bank of Delano, Financial Information

AboutState Bank of Delano

 Address:
1300 Babcock Boulevard East
Delano,MN
Wright County,Minnesota
 Established:
Jan 1908
 Number of domestic offices:
1
Total assets$79M
Net income$0M
Net income,quarterly$0M
Total deposits$74M
Domestic deposits$74M
Equity capital$4M
ROA-0.27%
ROAQ,quarterly-0.35%
ROA,pretax-0.35%
ROAQ,quarterly,pretax-0.34%
ROE-4.97%
ROEQ,quarterly-6.41%
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.

State Bank of Delano is a financially stable institution and has a strong management team. The banks assets are well-diversified with very little exposure to the sub-prime real estate loans.

The Bank has received the Federal Deposit Insurance Corporation's highest rating of "outstanding" for community reinvestment and has received national recognition in Entrepreneur magazine as one of the top 100 small business friendly banks in the nation. With $80,000,000 in assets, and being well capitalized The State Bank of Delano have the ability to offer a wide range of competitive services.

In addition to traditional banking products, full service investment products are offered thru Investment Centers of America under the direction of Investment Broker Angela Reid. The Bank has been active in community service, by serving on the Chamber of Commerce, United Way, Delano Lions, Delano Jaycees, Fourth of July Committee, Dollars for Scholars, many school and area church committees and offers financial support to many other area activities.

State Bank of Delano
Delano Crossings Shopping area
PO BOX 530
1300 Babcock Blvd East
(also known as 1300 Highway 12)
Delano, MN 55328
Phone: 763-972-2935
Fax: 763-972-4211

Historical Data