Minnesota Lakes Bank


Overview / Commentary
763-972-3385
710 Babcock Boulevard
Delano, MN 55328

Minnesota Lakes Bank is headquartered in Delano and is the 127th largest bank in the state of Minnesota. It is also the 3,393rd largest bank in the nation. It was established in 1982 and as of June of 2020, it had grown to 25 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #23986
Year Established1982
Employees25
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.87%
Return on Equity - YTD17.99%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$156.4MM$102.8MM
LoansQ2 2020vs Q2 2019$90.6MM$65.2MM
DepositsQ2 2020vs Q2 2019$115.7MM$86.1MM
Equity CapitalQ2 2020vs Q2 2019$13.2MM$12.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$607.00K$545.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$258.00K$137.00K
Real Estate OwnedQ2 2020vs Q2 2019$423.00K$423.00K
Rates

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Locations


Minnesota Lakes Bank Locations
Mound Branch2290 Commerce BoulevardMound, MN 55364
Crow River State Bank710 Babcock BoulevardDelano, MN 55328

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