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

Minnesota Lakes Bank is headquartered in Delano and is the 184th largest bank in the state of Minnesota. It is also the 4,713th largest bank in the nation. It was established in 1982 and as of June of 2016, it had grown to 24 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Minnesota Lakes Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #23986
Year Established1982
Employees24
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.31%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$84.9MM$88.9MM
LoansQ2 2016vs Q2 2015$43.3MM$37.6MM
DepositsQ2 2016vs Q2 2015$65.1MM$69.5MM
Equity CapitalQ2 2016vs Q2 2015$12.1MM$11.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$351.00K$165.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$95.00K$446.00K
Real Estate OwnedQ2 2016vs Q2 2015$368.00K$0
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Locations


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