Minnesota Lakes Bank
Overview / Commentary
Minnesota Lakes Bank is headquartered in Delano and is the 184th largest bank in the state of Minnesota. It is also the 4,713th largest bank in the nation. It was established in 1982 and as of June of 2016, it had grown to 24 employees at 2 locations. Minnesota Lakes Bank has a B+ health rating.
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Health
B+
Data as of Q2 2016
Learn more about bank healthAdditional 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 Established | 1982 |
| Employees | 24 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.31% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $84.9MM$88.9MM |
| Loans | Q2 2016vs Q2 2015 | $43.3MM$37.6MM |
| Deposits | Q2 2016vs Q2 2015 | $65.1MM$69.5MM |
| Equity Capital | Q2 2016vs Q2 2015 | $12.1MM$11.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $351.00K$165.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $95.00K$446.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $368.00K$0 |
Rates
Sorry, we do not have rate data for Minnesota Lakes Bank.
Locations
| Minnesota Lakes Bank Locations | ||
|---|---|---|
| Mound Branch | 2290 Commerce Boulevard | Mound, MN 55364 |
| Crow River State Bank | 710 Babcock Boulevard | Delano, MN 55328 |