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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 4,454th largest bank in the nation. It was established in 1982 and as of March of 2017, it had grown to 24 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.

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Health
B+
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 - YTD-0.6%
Return on Equity - YTD-4.74%
Annual Interest Income$756.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$94.1MM$86.7MM
LoansQ1 2017vs Q1 2016$51.3MM$43.6MM
DepositsQ1 2017vs Q1 2016$74.7MM$67.1MM
Equity CapitalQ1 2017vs Q1 2016$11.8MM$11.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$432.00K$191.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$733.00K$467.00K
Real Estate OwnedQ1 2017vs Q1 2016$486.00K$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