Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 125th largest bank in the state of Minnesota. It is also the 3,357th largest bank in the nation. It was established in 1982 and as of September of 2020, it had grown to 28 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.
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Health
B+
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23986 |
| Year Established | 1982 |
| Employees | 28 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.47% |
| Return on Equity - YTD | 15.11% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $160.9MM$104.0MM |
| Loans | Q3 2020vs Q3 2019 | $91.1MM$65.6MM |
| Deposits | Q3 2020vs Q3 2019 | $120.0MM$87.1MM |
| Equity Capital | Q3 2020vs Q3 2019 | $13.4MM$12.0MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $650.00K$574.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.1MM$46.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $377.00K$423.00K |