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

Minnesota Lakes Bank is headquartered in Delano and is the 166th largest bank in the state of Minnesota. It is also the 4,245th largest bank in the nation. It was established in 1982 and as of March of 2018, it had grown to 22 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
Employees22
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.81%
Annual Interest Income$935.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$97.6MM$94.1MM
LoansQ1 2018vs Q1 2017$62.5MM$51.3MM
DepositsQ1 2018vs Q1 2017$78.5MM$74.7MM
Equity CapitalQ1 2018vs Q1 2017$11.6MM$11.8MM
Loan Loss AllowanceQ1 2018vs Q1 2017$452.00K$432.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$62.00K$733.00K
Real Estate OwnedQ1 2018vs Q1 2017$680.00K$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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