Minnesota Lakes Bank
Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 165th largest bank in the state of Minnesota. It is also the 4,163rd largest bank in the nation. It was established in 1982 and as of June of 2018, it had grown to 22 employees at 2 locations. Minnesota Lakes Bank has an A health rating.
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Health
A
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23986 |
| Year Established | 1982 |
| Employees | 22 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 4.83% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $100.2MM$92.4MM |
| Loans | Q2 2018vs Q2 2017 | $64.2MM$53.7MM |
| Deposits | Q2 2018vs Q2 2017 | $83.6MM$73.2MM |
| Equity Capital | Q2 2018vs Q2 2017 | $11.6MM$11.7MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $472.00K$449.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $194.00K$175.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $617.00K$486.00K |
Rates
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Locations
| Minnesota Lakes Bank Locations | ||
|---|---|---|
| Mound Branch | 2290 Commerce Boulevard | Mound, MN 55364 |
| Crow River State Bank | 710 Babcock Boulevard | Delano, MN 55328 |