Vitals
  • Total Assets
    111.3M 0.1 %
  • Total Deposits
    96.0M -1.0 %
  • Total Net Loans
    79.1M 2.0 %
  • Net Income
    447000.0000 26.6 %
  • Book Value
    14.9M 7.9 %
  • Book Value x2
    29.7M 7.9 %
  • Book Value x3
    44.6M 7.9 %
ROAA

1.591

ROAE

12.274

Efficiency Ratio

68.949

Net Interest Margin

4.604

Balance Sheet Highlights
Financial Highlights Lakes State Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 111,307 132,734
Total Net Loans 79,125 84,071
Total Deposits 95,992 113,388
Total Equity 14,869 14,212
Profitability
Net Income 447 378
Return on Average Assets 1.591 1.068
Return on Average Equity 12.274 10.001
Net Interest Margin 4.604 3.786
Efficiency Ratio 68.949 69.546
Noninterest Income/Revenue 23.793 12.973
Balance Sheet Ratios
Loan-to-Deposit 82.429 72.065
Securities/Assets .167 .189
Total Equity/Total Assets .134 .107
Tangible Equity/Tangible Assets .117 .105
Capital Adequacy
Tier 1 Common Capital 13,147 13,493
Tier 1 Capital 13,147 13,500
Tier 2 Capital 1,010 1,028
Total Capital 14,157 14,555
Total Risk Weighted Assets 80,408 92,476
Leverage Ratio 11.89 10.243
Common Equity Tier 1 Capital Ratio 16.35 15.552
Tier 1 Capital Ratio 16.35 15.564
Total Capital Ratio 17.61 16.668

Timeline for Lakes State Bank

First National Bank North

Lakes State Bank was acquired by First National Bank North 9 years

View Profile Apr 11 2015

Walker Ban Co.

Walker Ban Co. became a new parent organization for Lakes State Bank.

View Profile Feb 06 1997

Pequot Area Bancorporation, Inc.

Pequot Area Bancorporation, Inc. became a new parent organization for Lakes State Bank.

View Profile Jan 03 1995

Norbanc Group Inc.

Norbanc Group Inc. became a new parent organization for Lakes State Bank.

View Profile Dec 15 1990

Lakes State Bank

Lakes State Bank was established 116 years ago and is currently headquartered in Baxter, MN.

Sep 25 1907
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First National Bank North Buyer 518,336 Pooling of Interests Discontinued 4/11/2015
Relationships Role Relationship Start Relationship End
Walker Ban Co. Parent 2/6/1997 4/10/2015
Pequot Area Bancorporation, Inc. Parent 1/3/1995 2/5/1997
Norbanc Group Inc. Parent 12/15/1990 10/14/1992
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