Lake Area Bank is headquartered in Lindstrom and is the 44th largest bank in the state of Minnesota. It is also the 2,163rd largest bank in the nation. It was established in 1915 and as of September of 2016, it had grown to 93 employees at 5 locations. Lake Area Bank has a B health rating.
This bank has very poor Customer Service. They don't respond to emails, and don't ever admit to any wrong doing. This bank lies about checking things, and does not do its due diligence. If you are looking for a bank that cares about you and has your interests, this is not the bank for you. Would not recommend at all. Be warned!
|FDIC Certificate #||1390|
|Return on Assets - YTD||1.26%|
|Return on Equity - YTD||12.24%|
|Annual Interest Income||$8.0MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$308.1MM$294.8MM|
|Loans||Q3 2016vs Q3 2015||$181.7MM$160.8MM|
|Deposits||Q3 2016vs Q3 2015||$242.2MM$242.0MM|
|Equity Capital||Q3 2016vs Q3 2015||$31.7MM$28.3MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$2.5MM$3.4MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$1.7MM$2.3MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$6.4MM$8.0MM|
Sorry, we do not have rate data for Lake Area Bank.
|Lake Area Bank Locations|
|Lake Area Bank||12790 First Avenue North||Lindstrom, MN 55045|
|White Bear Branch||1400 East Highway 96||White Bear Lake, MN 55110|
|Hugo Branch||14602 Everton Avenue North||Hugo, MN 55038|
|Stillwater Branch||5795 Morning Dove Avenue North||Stillwater, MN 55082|
|Forest Lake Branch||91 South Lake Street||Forest Lake, MN 55025|