Lake Elmo Bank
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Data as of · sourced from FFIEC call reports. How we update
Lake Elmo Bank is an FDIC-insured commercial bank headquartered in Lake Elmo, MN, established in 1911 (FDIC certificate 15443), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $529.7M, up 5.9% from Q2 2025, the 48th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 16.14% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15443
- Headquarters
- Lake Elmo, MN
- Established
- 1911
- Total assets, Q2 2026
- $529.7M
- Assets vs Q2 2025
- +5.9%
- CET1 ratio, Q2 2026
- 16.14%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 091910196
- Latest call report
- Q2 2026, FFIEC 051 · Lake Elmo Bank call report
- Holding company
- LAKE ELMO BANCSHARES, INC.
- Asset rank in state
- 48th of 221 in Minnesota
Problem loans are rising at Lake Elmo Bank. Based in Lake Elmo, Minnesota, it had $530 million in assets at June 30, 2026, up 5.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.84% of loans from 0.04% a year earlier. It pays an average of 1.32% on its deposits and borrowings, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also earns about $1.84 a year on every $100 of assets, higher than about three-quarters of banks its size (median $1.28).
Delinquency has appeared in its $54 million non-owner-occupied commercial real estate book: 4.42% of those loans are past due or on nonaccrual, against almost none a year earlier. Its $57 million commercial and industrial book is improving, with 0.31% past due or on nonaccrual, down from 1.15% a year earlier.
As of June 30, 2026, Lake Elmo Bank reported a CET1 capital ratio of 16.14%, a return on assets of 1.84%, a nonperforming-loan ratio of 0.84% and a Texas ratio of 6.81%. The figures come from its call report filed with the FFIEC.
Lake Elmo Bank ranks as the 48th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.2% to $529.7M, loans rose 2.8% and deposits were flat. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 45.6% of total loans, ahead of owner-occupied commercial real estate loans at 16.0%. Its 8 offices in the FDIC Summary of Deposits are in 5 cities in MN; its Lake Elmo 2 offices book 63% of its branch deposits. By the capital ratios in its Q2 2026 call report, Lake Elmo Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 11465 39th St N, Lake Elmo, MN 55042
- County
- Washington
- 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
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- August 1, 1911
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 77
- Domestic deposits
- $462.6M
- Allowance for credit losses
- $5.7M
- Net charge-offs (YTD)
- $284K
- Average total assets
- $533.6M
- Average total loans
- $423.3M
- Average interest-bearing deposits
- $343.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 19, 1936
- FDIC Cert
- 15443
- Fed RSSD
- 1015850
- Website
- www.lakeelmobank.com →
- Parent Holding Company
- LAKE ELMO BANCSHARES, INC. (RSSD 2360043)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Lake Elmo Bank's total assets moved between a low of $494.7M (Q1 2024) and a high of $531.4M (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$529.7M total assets against $500.2M; $469.6M total liabilities against $444.6M.
$422.4M net loans and leases against $396.4M; $462.6M total deposits against $438.4M.
$41.3M securities against $44.5M; $46.7M cash and balances due against $41.1M.
$7.1M total interest income against $6.7M; $1.5M total interest expense against $1.3M.
$5.6M net interest income against $5.4M.
$825K total noninterest income against $620K; $3.6M total noninterest expense against $3.3M.
$177K provision for credit losses against $102K.
$2.5M net income against $2.4M.
1.84% return on assets against 1.85%; 4.29% net interest margin against 4.33%.
16.14% CET1 capital ratio against 16.35%; 11.62% tier 1 leverage ratio against 11.30%.
Inside the full Lake Elmo Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeLake Elmo Bank rankings
Its closest position to the top of a national ranking is 693 of 3,611, for ROA; its furthest is 1,711 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.72% (Q4 2024) to 1.89% (Q3 2025) and its net interest margin ran from 4.03% (Q1 2025) to 4.33% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.14% | 1.84% | 0.84% | 6.81% | 4.29% |
| Q1 2026 | 16.49% | 1.75% | 0.40% | 3.87% | 4.13% |
| Q4 2025 | 16.06% | 1.86% | 0.06% | 1.76% | 4.20% |
| Q3 2025 | 16.33% | 1.89% | 0.14% | 1.99% | 4.32% |
| Q2 2025 | 16.35% | 1.85% | 0.04% | 1.43% | 4.33% |
| Q1 2025 | 16.47% | 1.76% | 0.46% | 4.33% | 4.03% |
| Q4 2024 | 15.69% | 1.72% | 0.35% | 3.82% | 4.05% |
| Q3 2024 | 15.85% | 1.83% | 0.52% | 3.53% | 4.20% |
Swipe the table sideways to see every column.
Branch Network
View all 8 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lake Elmo Bank (main office) | Lake Elmo , MN | 55042 | $293.2M |
| Inwood Avenue North Branch | Oakdale , MN | 55128 | $105.2M |
| Stillwater Branch | Stillwater , MN | 55082 | $64.2M |
| Boutwells Landing Senior Center Branch | Oak Park Heights , MN | 55082 | $0 |
| St Terese of Woodbury-Senior Housing | Woodbury , MN | 55129 | $0 |
| The Fields at Arbor Glen Senior Living Branch | Lake Elmo , MN | 55042 | $0 |
| Echo Ridge Branch-Senior Housing | Oakdale , MN | 55128 | $0 |
| Oak Meadows Branch-Senior Housing | Oakdale , MN | 55128 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MN, rank 66 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 149 applications, 136 loans originated, $45.9M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $5.0M approved, $5.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Lake Elmo Bank
What are Lake Elmo Bank's total assets?
As of the Q2 2026 filing, Lake Elmo Bank reported total assets of $529.7 million in its FFIEC call report.
Where is Lake Elmo Bank headquartered?
It is headquartered in Lake Elmo, MN, United States.
When was Lake Elmo Bank founded?
It was established in 1911, per the FDIC institution directory.
Is Lake Elmo Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15443). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Lake Elmo Bank?
Lake Elmo Bank's primary federal regulator is the FDIC.
What is Lake Elmo Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.14% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Lake Elmo Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Lake Elmo Bank's Texas Ratio?
Its Texas Ratio is 6.81% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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