Luminate Bank
BankRegReports is independent of Luminate Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Luminate Bank is an FDIC-insured commercial bank headquartered in Minneapolis, MN, established in 1937 (FDIC certificate 16635), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $554.5M, up 34.4% from Q2 2025, the 43rd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 12.73% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16635
- Headquarters
- Minneapolis, MN
- Established
- 1937
- Total assets, Q2 2026
- $554.5M
- Assets vs Q2 2025
- +34.4%
- CET1 ratio, Q2 2026
- 12.73%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091916255
- Latest call report
- Q2 2026, FFIEC 051 · Luminate Bank call report
- Holding company
- LUMINATE CAPITAL CORP.
- Asset rank in state
- 43rd of 221 in Minnesota
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%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Luminate Bank is the 43rd largest of the 221 banks headquartered in Minnesota. From Q1 2026 to Q2 2026, its total assets rose 7.2% to $554.5M, loans rose 8.4% and deposits fell 2.0%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 67.6% of total loans, ahead of construction and land development loans at 13.8%. Its 2 offices in the FDIC Summary of Deposits are in Minneapolis, MN and Claremont, MN; its Minneapolis office books 93% of its branch deposits. On its Q2 2026 call report, Luminate Bank meets every capital ratio test for well capitalized.
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)
- Domestic offices
- 2 FDIC institution directory, current count
- 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
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
Over the 12 quarters to Q2 2026, Luminate Bank's total assets ran between $223.7M (Q3 2023) and $554.5M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$554.5M total assets against $412.5M; $499.9M total liabilities against $373.3M.
$449.2M net loans and leases against $332.9M; $412.7M total deposits against $343.9M.
$0 securities against $2.0M; $57.3M cash and balances due against $46.3M.
$9.4M total interest income against $5.4M; $5.0M total interest expense against $2.6M.
$4.5M net interest income against $2.8M.
$43.6M total noninterest income against $31.7M; $43.6M total noninterest expense against $27.5M.
$297K provision for credit losses against $2.9M.
$4.1M net income against $4.1M.
3.16% return on assets against 4.40%; 3.47% net interest margin against 3.35%.
12.73% CET1 capital ratio against 12.01%; 10.40% tier 1 leverage ratio against 10.27%.
Inside the full Luminate Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this 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
Its closest position to the top of a national ranking is 60 of 3,611, for ROA; its furthest is 3,483 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.34% (Q4 2024) to 4.93% (Q3 2025) and its net interest margin ran from 2.79% (Q3 2024) to 5.27% (Q4 2025).
| 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
View all 2 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 |
|---|---|---|---|
| Luminate Bank (main office) | Minneapolis , MN | 55405 | $383.5M |
| Claremont Branch | Claremont , MN | 55924 | $29.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MN, rank 74 of 277 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).
- 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
Add this badge to your website
Free to use. It shows Luminate Bank’s latest filed figures and updates each quarter.
Similar banks
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.
Where is Luminate Bank headquartered?
It is headquartered in Minneapolis, MN, United States.
When was Luminate Bank founded?
It was established in 1937, per the FDIC institution directory.
Is Luminate Bank FDIC-insured?
Yes. It 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.
What is Luminate Bank's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 12.73% 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.
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.
Go deeper on Luminate Bank.
Get an email when Luminate Bank files its next call report, and benchmark it against any peer you choose.
Unlock Luminate Bank, freeFree account