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Overview / Commentary
12790 First Avenue North
Lindstrom, MN 55045

Lake Area Bank is headquartered in Lindstrom and is the 49th largest bank in the state of Minnesota. It is also the 2,274th largest bank in the nation. It was established in 1915 and as of March of 2016, it had grown to 93 employees at 6 locations. Lake Area Bank has a B health rating.

Reviews (2)

Rough Mortgage Process

Posted by: Anonymous | Nov 30, 2011

Use a mortgage company for your mortgage!

This is not the place for a mortgage.

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!


Health Grade Components

FDIC Certificate #1390
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.99%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$286.7MM$275.1MM
LoansQ1 2016vs Q1 2015$157.6MM$158.7MM
DepositsQ1 2016vs Q1 2015$235.0MM$230.9MM
Equity CapitalQ1 2016vs Q1 2015$29.5MM$27.7MM
Loan Loss AllowanceQ1 2016vs Q1 2015$2.9MM$4.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.1MM$6.1MM
Real Estate OwnedQ1 2016vs Q1 2015$7.6MM$6.8MM

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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