Lake Community Bank is headquartered in Long Lake and is the 139th largest bank in the state of Minnesota. It is also the 3,716th largest bank in the nation. It was established in 1905 and as of December of 2019, it had grown to 18 employees at 1 location. Lake Community Bank has an A health rating.
I have belonged to Lake Community Bank now for about 10 years. We joined when they were still State Bank of Long Lake. Since becoming Lake Community and even alittle before they have become more out to just take any fees from its customers as possible. I do daycare and they will not credit my account sometimes for days as they are personal checks but continue to charge me bank fees even though they have my checks. Within the last year, I have joined ebank so that I could try to avoid some of the fees. Continue to receive notices that my one account has been charged a fee, even though if I would have received notice that the check was coming thru, I could have transferred from my other account that I have with them. Why have e-notices if they are just to tell the customers that they have already been charged? I think there is a better way to have good customer service. I have talked to them and they don't even handle the returns themself...its all thru a parent company, so nothing they can do about it. Time to switch to a credit union.
|FDIC Certificate #||8193|
|Return on Assets - YTD||1.22%|
|Return on Equity - YTD||9.27%|
|Annual Interest Income||$5.3MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$121.2MM$119.3MM|
|Loans||Q4 2019vs Q4 2018||$88.0MM$82.3MM|
|Deposits||Q4 2019vs Q4 2018||$104.3MM$103.3MM|
|Equity Capital||Q4 2019vs Q4 2018||$16.3MM$15.7MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$1.4MM$1.4MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$317.00K$91.00K|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$635.00K|
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|Lake Community Bank Locations|
|Lake Community Bank||1964 West Wayzata Boulevard||Long Lake, MN 55356|