Overview / Commentary
763-972-3385
710 Babcock Boulevard
Delano, MN 55328

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
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 - YTD0.6%
Return on Equity - YTD5.1%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$99.2MM$95.9MM
LoansQ3 2018vs Q3 2017$62.2MM$56.3MM
DepositsQ3 2018vs Q3 2017$82.5MM$76.6MM
Equity CapitalQ3 2018vs Q3 2017$11.6MM$11.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$492.00K$387.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$230.00K$408.00K
Real Estate OwnedQ3 2018vs Q3 2017$617.00K$486.00K
Rates

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Locations


Minnesota Lakes Bank Locations
Mound Branch2290 Commerce BoulevardMound, MN 55364
Crow River State Bank710 Babcock BoulevardDelano, MN 55328

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