Lakes State Bank

Lakes State Bank is headquartered in Pequot Lakes and is the 169^th largest bank in the state of Minnesota. It is also the 4,879^th largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 30 employees at 2 locations. Lakes State Bank has a 4-star health rating.

Lakes State Bank Routing Number: 091905648

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Data for Q1 2012

Institution Statistics Lakes State Bank FDIC Certificate # 1389 BankRate Report View Year Established 1907 Employees 30 Primary Regulator FDIC Assets and Liabilities Assets $102.72 million Loans $69.02 million Deposits $89.62 million Equity Capital $12.78 million Loan Loss Allowance $926,000 Unbacked Noncurrent Loans $1.27 million Real Estate Owned $2.15 million Historic Data - March 2011 Assets $98.10 million Equity Capital $12.04 million Loan Loss Allowance $873,000 Unbacked Noncurrent Loans $1.04 million Real Estate Owned $2.97 million Profit Margin - Quarterly Net Interest Margin 4.58% Return on Assets 1.09% Return on Equity 8.84% Interest Income $1.21 million

Institution Health Overall Score: 4 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 Lakes State Bank had $3.42 million in non-current loans and owned real-estate with $13.71 million in equity and loan loss allowances on hand to cover it. This gives Lakes State Bank a Texas Ratio of 24.95% 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 Lakes State Bank decreased slightly from 31.07% as of March 31, 2011 to 24.95% as of March 31, 2012, resulting in a positive change of 19.69%.This indicates that the balance sheet and financial strength for Lakes State Bank has improved slightly in recent periods. Deposit Growth In the past year, Lakes State Bank has increased its total deposits by $3.9 million, resulting in 4.55% 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 Lakes State Bank has shown is above average. 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. Lakes State Bank has $102.72 million in assets with $13.71 million in equity, resulting in a capitalization level of 13.35%, which is excellent.

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