Luminate Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Luminate Bank is one of the more profitable banks of its size. The Minneapolis, Minnesota bank had $555 million in assets at June 30, 2026, up 34.4% from a year earlier. It earns about $3.16 a year on every $100 of assets, 2.5 times the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it spends about 91 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.10% of loans from 2.36%. Loans are outrunning deposits: over the year loans rose 34.1% and deposits rose 20.0%. Funding is the softer spot: it pays an average of 4.46% on its deposits and borrowings, 2.5 times the median of 1.80% for banks its size.
As of June 30, 2026, Luminate Bank reported a CET1 capital ratio of 12.73%, a return on assets of 3.16%, a nonperforming-loan ratio of 2.33% and a Texas ratio of 12.73%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 2523 South Wayzata Boulevard, Minneapolis, MN 55405
- County
- Hennepin
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 1, 1937
- Former names
- American Equity Bank (2018-2022); Equity Bank (2001-2018); Alliance Bank of Blooming Prairie (1999-2001); Security State Bank of Claremont (1973-1999)
- Offices
- 2 domestic
- Employees (FTE)
- 745
- Domestic deposits
- $412.7M
- Allowance for credit losses
- $4.4M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $517.0M
- Average total loans
- $426.7M
- Average interest-bearing deposits
- $413.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 20, 1947
- FDIC Cert
- 16635
- Fed RSSD
- 310754
- SEC CIK
- 1937320 → filed by LUMINATE CAPITAL CORP.
- Website
- luminate.bank →
- Parent Holding Company
- LUMINATE CAPITAL CORP. (RSSD 5715064)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Luminate Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Luminate Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Luminate Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Metric pages for Luminate Bank: ROA.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.73% | 3.16% | 2.33% | 12.73% | 3.47% |
| Q1 2026 | 13.07% | 3.15% | 2.01% | 12.44% | 3.51% |
| Q4 2025 | 12.51% | 4.03% | 2.49% | 14.05% | 5.27% |
| Q3 2025 | 12.71% | 4.93% | 3.92% | 21.01% | 3.72% |
| Q2 2025 | 12.01% | 4.40% | 3.62% | 18.46% | 3.35% |
| Q1 2025 | 15.58% | 0.60% | 3.51% | 10.38% | 3.22% |
| Q4 2024 | 14.08% | 0.34% | 3.38% | 9.96% | 3.14% |
| Q3 2024 | 17.35% | 2.99% | 3.75% | 7.41% | 2.79% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 2 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Luminate Bank (main office) | Minneapolis , MN | 55405 | $383.5M |
| Claremont Branch | Claremont , MN | 55924 | $29.2M |
Regulatory record
What the public regulatory sources show for Luminate Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MN, rank 74 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 12,146 applications, 8,416 loans originated, $3.11B originated, across 51 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 8 loans, $5.5M approved, $689K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Luminate Bank
What are Luminate Bank's total assets?
As of the Q2 2026 filing, Luminate Bank reported total assets of $554.5 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Luminate Bank headquartered?
Luminate Bank is headquartered in Minneapolis, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Luminate Bank founded?
Luminate Bank was established in 1937, per the FDIC institution directory.
Is Luminate Bank FDIC-insured?
Yes. Luminate Bank is an FDIC-insured commercial bank (FDIC Certificate #16635). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Luminate Bank?
Luminate Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Luminate Bank's CET1 capital ratio?
Luminate Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.73% in its Q2 2026 call report, above regulatory requirements.
How many branches does Luminate Bank operate?
Luminate Bank operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Luminate Bank's Texas Ratio?
Luminate Bank's Texas Ratio is 12.73% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Luminate Bank previously called?
The charter now named Luminate Bank has also operated as American Equity Bank (2018-2022), Equity Bank (2001-2018), Alliance Bank of Blooming Prairie (1999-2001), Security State Bank of Claremont (1973-1999), per FDIC structure-change records.
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