Minnesota Lakes Bank


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

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

Health Grade Components

Overall
FDIC Certificate #23986
Year Established1982
Employees25
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD12.85%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$143.8MM$102.5MM
LoansQ1 2021vs Q1 2020$86.7MM$64.8MM
DepositsQ1 2021vs Q1 2020$129.8MM$87.5MM
Equity CapitalQ1 2021vs Q1 2020$13.2MM$12.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$641.00K$591.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$255.00K$38.00K
Real Estate OwnedQ1 2021vs Q1 2020$377.00K$423.00K
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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