Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 143rd largest bank in the state of Minnesota. It is also the 3,623rd largest bank in the nation. It was established in 1982 and as of March of 2021, 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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23986 |
| Year Established | 1982 |
| Employees | 25 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 12.85% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $143.8MM$102.5MM |
| Loans | Q1 2021vs Q1 2020 | $86.7MM$64.8MM |
| Deposits | Q1 2021vs Q1 2020 | $129.8MM$87.5MM |
| Equity Capital | Q1 2021vs Q1 2020 | $13.2MM$12.3MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $641.00K$591.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $255.00K$38.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $377.00K$423.00K |