Minnesota Lakes Bank

Overview / Commentary
710 Babcock Boulevard
Delano, MN 55328

Minnesota Lakes Bank is headquartered in Delano and is the 125th largest bank in the state of Minnesota. It is also the 3,357th largest bank in the nation. It was established in 1982 and as of September of 2020, it had grown to 28 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #23986
Year Established1982
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD15.11%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$160.9MM$104.0MM
LoansQ3 2020vs Q3 2019$91.1MM$65.6MM
DepositsQ3 2020vs Q3 2019$120.0MM$87.1MM
Equity CapitalQ3 2020vs Q3 2019$13.4MM$12.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$650.00K$574.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$1.1MM$46.00K
Real Estate OwnedQ3 2020vs Q3 2019$377.00K$423.00K

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

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