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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 173rd largest bank in the state of Minnesota. It is also the 4,501st largest bank in the nation. It was established in 1982 and as of December of 2016, it had grown to 24 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
Employees24
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD3.67%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$93.6MM$91.9MM
LoansQ4 2016vs Q4 2015$47.1MM$41.9MM
DepositsQ4 2016vs Q4 2015$74.0MM$72.4MM
Equity CapitalQ4 2016vs Q4 2015$12.0MM$11.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$388.00K$270.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$94.00K$444.00K
Real Estate OwnedQ4 2016vs Q4 2015$368.00K$0
Rates

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Locations


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