Lake Area Bank is headquartered in Lindstrom and is the 45^th largest bank in the state of Minnesota. It is also the 2,193^rd largest bank in the nation. It was established in 1915 and as of June of 2016, it had grown to 95 employees at 5 locations. Lake Area Bank has a B health rating.

Reviews (2)

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Rough Mortgage Process

Posted by: Anonymous | Nov 30, 2011

Use a mortgage company for your mortgage!

This is not the place for a mortgage.

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3

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!

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2

Health

B

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	1390
Year Established	1915
Employees	95
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.09%
Return on Equity - YTD	10.67%
Annual Interest Income	$5.2MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$300.6MM$282.6MM
Loans	Q2 2016vs Q2 2015	$172.5MM$163.4MM
Deposits	Q2 2016vs Q2 2015	$228.6MM$232.0MM
Equity Capital	Q2 2016vs Q2 2015	$31.0MM$27.9MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$2.9MM$3.4MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$1.8MM$6.0MM
Real Estate Owned	Q2 2016vs Q2 2015	$6.7MM$6.4MM

Rates

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

Locations

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