Luminate Bank

Overview / Commentary
5900 Green Oak Drive
Minnetonka, MN 55343

Luminate Bank is headquartered in Minnetonka and is the 141st largest bank in the state of Minnesota. It is also the 3,546th largest bank in the nation. It was established in 1937 and as of June of 2022, it had grown to 221 employees at 2 locations. Luminate Bank has an A+ health rating.


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Health Grade Components

FDIC Certificate #16635
Year Established1937
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD6.48%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$146.0MM$94.7MM
LoansQ2 2022vs Q2 2021$124.3MM$57.4MM
DepositsQ2 2022vs Q2 2021$91.0MM$82.2MM
Equity CapitalQ2 2022vs Q2 2021$25.5MM$12.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.7MM$711.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$597.00K$272.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Luminate Bank are currently being reviewed.


Luminate Bank Locations
Claremont Branch208 Front StreetClaremont, MN 55924
Equity Bank5900 Green Oak DrMinnetonka, MN 55343

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