Vitals
  • Total Assets
    301.1M 4.8 %
  • Total Deposits
    241.3M 3.9 %
  • Total Net Loans
    189.7M 21.0 %
  • Net Income
    3.6M 27.8 %
  • Book Value
    29.7M 1.9 %
  • Book Value x2
    59.4M 1.9 %
  • Book Value x3
    89.2M 1.9 %
ROAA

1.2

ROAE

11.796

Efficiency Ratio

80.495

Net Interest Margin

3.797

Balance Sheet Highlights
Financial Highlights Lake Area Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 301,057 147,703
Total Net Loans 189,680 97,223
Total Deposits 241,310 126,600
Total Equity 29,722 15,565
Profitability
Net Income 3,565 1,683
Return on Average Assets 1.2 1.08
Return on Average Equity 11.796 9.905
Net Interest Margin 3.797 3.845
Efficiency Ratio 80.495 68.21
Noninterest Income/Revenue 41.414 13.68
Balance Sheet Ratios
Loan-to-Deposit 78.604 75.205
Securities/Assets .239 .174
Total Equity/Total Assets .099 .105
Tangible Equity/Tangible Assets .086 .103
Capital Adequacy
Tier 1 Common Capital 28,544 15,225
Tier 1 Capital 28,544 15,232
Tier 2 Capital 2,225 1,135
Total Capital 30,769 16,386
Total Risk Weighted Assets 229,197 105,251
Leverage Ratio 9.45 10.475
Common Equity Tier 1 Capital Ratio 12.45 15.3
Tier 1 Capital Ratio 12.45 15.308
Total Capital Ratio 13.42 16.398

Timeline for Lake Area Bank

Freedom Bancorporation, Inc.

Freedom Bancorporation, Inc. became a new parent organization for Lake Area Bank.

View Profile Dec 23 1985

Security State Holding Company

Security State Holding Company became a new parent organization for Lake Area Bank.

View Profile Feb 17 1981

Lake Area Bank

Lake Area Bank was established 108 years ago and is currently headquartered in Lindstrom, MN.

Oct 22 1915
Relationships Role Relationship Start Relationship End
Freedom Bancorporation, Inc. Parent 12/23/1985
Security State Holding Company Parent 12/31/1984 12/22/1985
Security State Holding Company Parent 2/17/1981 12/30/1984
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