Minnesota Lakes Bank


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

Minnesota Lakes Bank is headquartered in Delano and is the 138th largest bank in the state of Minnesota. It is also the 3,609th largest bank in the nation. It was established in 1982 and as of June of 2021, it had grown to 26 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
Employees26
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD12.46%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$144.6MM$156.4MM
LoansQ2 2021vs Q2 2020$84.3MM$90.6MM
DepositsQ2 2021vs Q2 2020$130.2MM$115.7MM
Equity CapitalQ2 2021vs Q2 2020$13.4MM$13.2MM
Loan Loss AllowanceQ2 2021vs Q2 2020$639.00K$607.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$0$258.00K
Real Estate OwnedQ2 2021vs Q2 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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