Lake Community Bank

Lake Community Bank

Overview / Commentary
1964 West Wayzata Boulevard
Long Lake, MN 55356

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.

Reviews (1)

Lake Community Bank Of Long Lake

Posted by: |

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.


Health Grade Components

FDIC Certificate #8193
Year Established1905
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD9.27%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$121.2MM$119.3MM
LoansQ4 2019vs Q4 2018$88.0MM$82.3MM
DepositsQ4 2019vs Q4 2018$104.3MM$103.3MM
Equity CapitalQ4 2019vs Q4 2018$16.3MM$15.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.4MM$1.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$317.00K$91.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$635.00K

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Lake Community Bank Locations
Lake Community Bank1964 West Wayzata BoulevardLong Lake, MN 55356

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