Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 140th largest bank in the state of Minnesota. It is also the 3,531st largest bank in the nation. It was established in 1982 and as of June of 2022, it had grown to 27 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.
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Reviews (1)
Terrible Customer Service
Posted by: Jeffreyttt | Jun 30, 2022
We tried doing business with the branch in Mound, MN when we first moved to town. The ladies at the drive through were so rude to me and my wife that we finally moved over to Well Fargo. Haven’t had a problem since. Good riddance MLB.
Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23986 |
| Year Established | 1982 |
| Employees | 27 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 2.4% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $147.7MM$144.6MM |
| Loans | Q2 2022vs Q2 2021 | $74.5MM$84.3MM |
| Deposits | Q2 2022vs Q2 2021 | $135.4MM$130.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $11.7MM$13.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $606.00K$639.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $0$0 |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$377.00K |