Minnesota Lakes Bank


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

Minnesota Lakes Bank is headquartered in Delano and is the 140th largest bank in the state of Minnesota. It is also the 3,531st largest bank in the nation. It was established in 1982 and as of June of 2022, it had grown to 27 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.

Reviews (1)

Terrible Customer Service

We tried doing business with the branch in Mound, MN when we first moved to town. The ladies at the drive through were so rude to me and my wife that we finally moved over to Well Fargo. Haven’t had a problem since. Good riddance MLB.



Health
B+

Health Grade Components

Overall
FDIC Certificate #23986
Year Established1982
Employees27
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD2.4%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$147.7MM$144.6MM
LoansQ2 2022vs Q2 2021$74.5MM$84.3MM
DepositsQ2 2022vs Q2 2021$135.4MM$130.2MM
Equity CapitalQ2 2022vs Q2 2021$11.7MM$13.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$606.00K$639.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$377.00K
Rates

Sorry, we do not have rate data for Minnesota Lakes Bank.

Locations


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

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