Banktracker

See All Banks

LAKE AREA BANK

Lindstrom, MN

Latest Health Report

Latest Update: March 31, 2021

Assets
$441,020,000
Deposits
$349,140,000
Loans
$278,510,000
Loan Loss Provision
$100,000
Profit
$2,906,000
Capital
$44,562,000
Reserves
$3,056,000
Past Due 90 Days
$0
Nonaccrual
$2,413,000
Other Real Estate Owned
$2,284,000
Capital Plus Reserves
$47,618,000
Total Troubled Assets
$4,697,000
Troubled Asset Ratio
9.86

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $442,475,000 $322,686,000 $305,049,000 $14,787,000 $47,015,000 $5,118,000 10.89
2019 $359,274,000 $285,840,000 $251,336,000 $5,228,000 $37,620,000 $3,958,000 10.52
2018 $334,839,000 $270,860,000 $232,270,000 $5,193,000 $35,246,000 $4,630,000 13.14