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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 175th largest bank in the state of Minnesota. It is also the 4,534th largest bank in the nation. It was established in 1982 and as of September of 2016, it had grown to 25 employees at 2 locations. Minnesota Lakes Bank has an A health rating.

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Health
A
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
Employees25
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD2.75%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$92.6MM$88.1MM
LoansQ3 2016vs Q3 2015$43.2MM$39.3MM
DepositsQ3 2016vs Q3 2015$72.8MM$68.6MM
Equity CapitalQ3 2016vs Q3 2015$12.2MM$11.7MM
Loan Loss AllowanceQ3 2016vs Q3 2015$372.00K$215.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$94.00K$383.00K
Real Estate OwnedQ3 2016vs Q3 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