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LAKE AREA BANK

Lindstrom, MN

Latest Health Report

Latest Update: June 30, 2020

Assets
$421,300,000
Deposits
$325,673,000
Loans
$280,538,000
Loan Loss Provision
$1,073,000
Profit
$6,530,000
Capital
$40,142,000
Reserves
$2,479,000
Past Due 90 Days
$0
Nonaccrual
$4,204,000
Other Real Estate Owned
$2,994,000
Capital Plus Reserves
$42,621,000
Total Troubled Assets
$7,198,000
Troubled Asset Ratio
16.89

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
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