Minnesota Lakes Bank
Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 168th largest bank in the state of Minnesota. It is also the 4,158th largest bank in the nation. It was established in 1982 and as of September of 2018, it had grown to 25 employees at 2 locations. Minnesota Lakes Bank has an A health rating.
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Health
A
Data as of Q3 2018
Learn why bank health mattersAdditional 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 Established | 1982 |
| Employees | 25 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 5.1% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $99.2MM$95.9MM |
| Loans | Q3 2018vs Q3 2017 | $62.2MM$56.3MM |
| Deposits | Q3 2018vs Q3 2017 | $82.5MM$76.6MM |
| Equity Capital | Q3 2018vs Q3 2017 | $11.6MM$11.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $492.00K$387.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $230.00K$408.00K |
| Real Estate Owned | Q3 2018vs Q3 2017 | $617.00K$486.00K |
Rates
Sorry, we do not have rate data for Minnesota Lakes Bank.
Locations
| Minnesota Lakes Bank Locations | ||
|---|---|---|
| Mound Branch | 2290 Commerce Boulevard | Mound, MN 55364 |
| Crow River State Bank | 710 Babcock Boulevard | Delano, MN 55328 |