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Overview / Commentary
1964 West Wayzata Boulevard
Long Lake, MN 55356

Lake Community Bank is headquartered in Long Lake and is the 153rd largest bank in the state of Minnesota. It is also the 4,424th largest bank in the nation. It was established in 1905 and as of December of 2013, it had grown to 20 employees at 1 location. Lake Community Bank has a C+ health rating.

Reviews (1)

Lake Community Bank Of Long Lake

I have belonged to Lake Community Bank now for about 10 years.  We joined when they were still State Bank of Long Lake.  Since becoming Lake Community and even alittle before they have become more out to just take any fees from its customers as possible.  I do daycare and they will not credit my account sometimes for days as they are personal checks but continue to charge me bank fees even though they have my checks.  Within the last year, I have joined ebank so that I could try to avoid some of the fees.  Continue to receive notices that my one account has been charged a fee, even though if I would have received notice that the check was coming thru, I could have transferred from my other account that I have with them.  Why have e-notices if they are just to tell the customers that they have already been charged?  I think there is a better way to have good customer service.  I have talked to them and they don't even handle the returns themself...its all thru a parent company, so nothing they can do about it.  Time to switch to a credit union.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Lake Community Bank had $4.43 million in non-current loans and owned real-estate with $14.11 million in equity and loan loss allowances on hand to cover it. This gives Lake Community Bank a Texas Ratio of 31.38% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Lake Community Bank decreased slightly from 42.55% as of December 31, 2012 to 31.38% as of December 31, 2013, resulting in a positive change of 26.26%.This indicates that the balance sheet and financial strength for Lake Community Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Lake Community Bank has decreased its total deposits by -$6.36 million, resulting in -6.18% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Lake Community Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Lake Community Bank has $113.51 million in assets with $14.11 million in equity, resulting in a capitalization level of 12.43%, which is excellent.

Institution Statistics

FDIC Certificate #8193
Year Established1905
Primary RegulatorFDIC
Assets and Liabilities
Assets$113.51 million
Loans$63.85 million
Deposits$96.53 million
Equity Capital$12.62 million
Loan Loss Allowance$1.50 million
Unbacked Noncurrent Loans$2.83 million
Real Estate Owned$1.60 million
Historic Data - December 2012
Assets$131.11 million
Equity Capital$13.10 million
Loan Loss Allowance$2.24 million
Unbacked Noncurrent Loans$2.83 million
Real Estate Owned$1.81 million
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets-0.13%
Return on Equity-1.25%
Interest Income$4.60 million

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Lake Community Bank Locations
Lake Community Bank1964 West Wayzata BoulevardLong Lake, MN 55356