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Overview / Commentary
12790 First Avenue North
Lindstrom, MN 55045

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.

Reviews (2)

Customers Be Aware

Posted by: Anonymous | Jun 28, 2012

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!

Rough Mortgage Process

Posted by: Anonymous | Nov 30, 2011

Use a mortgage company for your mortgage!

This is not the place for a mortgage.



Health
B

Health Grade Components

Overall
FDIC Certificate #1390
Year Established1915
Employees93
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD12.24%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$308.1MM$294.8MM
LoansQ3 2016vs Q3 2015$181.7MM$160.8MM
DepositsQ3 2016vs Q3 2015$242.2MM$242.0MM
Equity CapitalQ3 2016vs Q3 2015$31.7MM$28.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$2.5MM$3.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.7MM$2.3MM
Real Estate OwnedQ3 2016vs Q3 2015$6.4MM$8.0MM
Rates

Sorry, we do not have rate data for Lake Area Bank.

Locations


Lake Area Bank Locations
Lake Area Bank12790 First Avenue NorthLindstrom, MN 55045
White Bear Branch1400 East Highway 96White Bear Lake, MN 55110
Hugo Branch14602 Everton Avenue NorthHugo, MN 55038
Stillwater Branch5795 Morning Dove Avenue NorthStillwater, MN 55082
Forest Lake Branch91 South Lake StreetForest Lake, MN 55025