Lake Community Bank

Lake Community Bank is headquartered in Long Lake and is the 136^th largest bank in the state of Minnesota. It is also the 4,262^nd largest bank in the nation. It was established in 1905 and as of March of 2012, it had grown to 27 employees at 2 locations. Lake Community Bank has a 3-star health rating.

Lake Community Bank Routing Number: 091008299

Data for Q1 2012

Institution Statistics Lake Community Bank FDIC Certificate # 8193 BankRate Report View Year Established 1905 Employees 27 Primary Regulator FDIC Assets and Liabilities Assets $129.49 million Loans $76.89 million Deposits $101.13 million Equity Capital $13.07 million Loan Loss Allowance $2.56 million Unbacked Noncurrent Loans $3.68 million Real Estate Owned $4.57 million Historic Data - March 2011 Assets $146.01 million Equity Capital $12.73 million Loan Loss Allowance $3.09 million Unbacked Noncurrent Loans $6.14 million Real Estate Owned $3.47 million Profit Margin - Quarterly Net Interest Margin 3.61% Return on Assets 0.43% Return on Equity 4.49% Interest Income $1.36 million

Institution Health Overall Score: 3 out of 5 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 March 31, 2012 Lake Community Bank had $8.25 million in non-current loans and owned real-estate with $15.63 million in equity and loan loss allowances on hand to cover it. This gives Lake Community Bank a Texas Ratio of 52.76% which is below 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 held steady from 60.74% as of March 31, 2011 to 52.76% as of March 31, 2012, resulting in a positive change of 13.14%.This indicates that the balance sheet and financial strength for Lake Community Bank has held steady in recent periods. Deposit Growth In the past year, Lake Community Bank has decreased its total deposits by -$11.72 million, resulting in -10.39% 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 poor. Capitalization 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 $129.49 million in assets with $15.63 million in equity, resulting in a capitalization level of 12.07%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.