Minnesota Lakes Bank is a bank based in Delano, Minnesota, established in 1982, with $126 million in total assets across 2 branches. By Trust Grade it ranks 41st of 224 banks we track in Minnesota. Its capital ratio of 12.0% is stronger than 73% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.34% return on assets. No consumer complaints against Minnesota Lakes Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Minnesota Lakes Bank compares to Minnesota peers
How we graded Minnesota Lakes Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.0% capital ratio)
- Strongly profitable (ROA 1.34%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Minnesota Lakes Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 710 Babcock Blvd E, Delano, MN 55328
- 2290 Commerce Blvd, Mound, MN 55364
Are deposits at Minnesota Lakes Bank insured?
Yes. Minnesota Lakes Bank is an FDIC-insured bank (FDIC certificate #23986). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Minnesota Lakes Bank: frequently asked questions
Is Minnesota Lakes Bank a good bank?
Minnesota Lakes Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.0% capital ratio); Strongly profitable (ROA 1.34%).
Is Minnesota Lakes Bank FDIC-insured?
Yes. Minnesota Lakes Bank is a FDIC-insured bank (FDIC certificate #23986). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Minnesota Lakes Bank?
Minnesota Lakes Bank holds $126 million in total assets, ranking 41st of 224 banks we track in Minnesota. It operates 2 branches.
Does Minnesota Lakes Bank have CFPB complaints?
No CFPB complaints against Minnesota Lakes Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
