Minnesota Lakes Bank
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Data as of · sourced from FFIEC call reports. How we update
Minnesota Lakes Bank is an FDIC-insured commercial bank headquartered in Delano, MN, established in 1982 (FDIC certificate 23986), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $129.8M, up 3.6% from Q2 2025, the 148th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 16.84% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 23986
- Headquarters
- Delano, MN
- Established
- 1982
- Total assets, Q2 2026
- $129.8M
- Assets vs Q2 2025
- +3.6%
- CET1 ratio, Q2 2026
- 16.84%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 091905444
- Latest call report
- Q2 2026, FFIEC 051 · Minnesota Lakes Bank call report
- Holding company
- WILCOX BANCSHARES, INC.
- Asset rank in state
- 148th of 221 in Minnesota
Minnesota Lakes Bank earns an unusually wide margin on its lending. The Delano, Minnesota bank had $130 million in assets at June 30, 2026, up 3.6% from a year earlier. It keeps 6.20 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also pays an average of 0.43% on its deposits and borrowings, a small fraction of the median of 1.80% for banks its size.
Loans and deposits moved in opposite directions: over the year loans fell 10.3% and deposits rose 5.4%. Its $15 million commercial and industrial book is improving, with 4.82% past due or on nonaccrual, down from 7.52% a year earlier. Credit is the area to watch: it carries problem assets equal to 14.2% of the capital and reserves that would absorb them, 5.4 times the median of 2.6% for banks its size.
As of June 30, 2026, Minnesota Lakes Bank reported a CET1 capital ratio of 16.84%, a return on assets of 1.54%, a nonperforming-loan ratio of 3.18% and a Texas ratio of 14.23%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Minnesota Lakes Bank is the 148th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.6% to $129.8M, loans fell 4.7% and deposits rose 2.8%. Its loan book on June 30, 2026 was led by owner-occupied commercial real estate loans, at 34.3% of total loans, followed by commercial and industrial loans at 19.5%. Its 2 offices in the FDIC Summary of Deposits are in Delano, MN and Mound, MN; its Delano office books 76% of its branch deposits. Judged on its Q2 2026 call report, Minnesota Lakes Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 710 Babcock Blvd E, Delano, MN 55328
- County
- Wright
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 24, 1982
- Former names
- Crow River State Bank (1982-2014)
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 21
- Domestic deposits
- $113.5M
- Allowance for credit losses
- $898K
- Net charge-offs (YTD)
- -$70K
- Average total assets
- $127.0M
- Average total loans
- $76.5M
- Average interest-bearing deposits
- $75.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 24, 1982
- FDIC Cert
- 23986
- Fed RSSD
- 157650
- Website
- www.MNLB.BANK →
- Parent Holding Company
- WILCOX BANCSHARES, INC. (RSSD 1125245)
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
Minnesota Lakes Bank's total assets moved between a low of $123.1M (Q1 2025) and a high of $141.3M (Q4 2023) from Q3 2023 to 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
$129.8M total assets against $125.2M; $114.5M total liabilities against $110.7M.
$74.5M net loans and leases against $82.2M; $113.5M total deposits against $107.6M.
$27.4M securities against $23.1M; $20.6M cash and balances due against $12.7M.
$1.7M total interest income against $1.7M; $120K total interest expense against $99K.
$1.6M net interest income against $1.6M.
$291K total noninterest income against $370K; $1.3M total noninterest expense against $1.3M.
$30K provision for credit losses against $1.2M.
$489K net income against -$511K.
1.54% return on assets against -1.65%; 6.20% net interest margin against 6.01%.
16.84% CET1 capital ratio against 14.35%; 10.69% tier 1 leverage ratio against 10.34%.
Inside the full Minnesota Lakes 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Minnesota Lakes Bank rankings
Its closest position to the top of a national ranking is 342 of 3,640, for Texas Ratio; its furthest is 3,450 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -1.65% (Q2 2025) to 2.01% (Q3 2024) and its net interest margin ran from 5.88% (Q1 2025) to 6.90% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.84% | 1.54% | 3.18% | 14.23% | 6.20% |
| Q1 2026 | 15.42% | 1.35% | 3.53% | 18.05% | 6.30% |
| Q4 2025 | 15.50% | 1.69% | 0.93% | 5.52% | 6.81% |
| Q3 2025 | 15.14% | 1.89% | 2.42% | 13.53% | 6.46% |
| Q2 2025 | 14.35% | -1.65% | 2.49% | 14.39% | 6.01% |
| Q1 2025 | 14.96% | 1.56% | 3.10% | 18.77% | 5.88% |
| Q4 2024 | 14.59% | 1.96% | 1.59% | 9.78% | 6.90% |
| Q3 2024 | 14.67% | 2.01% | 1.56% | 9.67% | 6.09% |
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 |
|---|---|---|---|
| Minnesota Lakes Bank (main office) | Delano , MN | 55328 | $85.9M |
| Mound Branch | Mound , MN | 55364 | $27.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 179 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 4 loans, $1.2M approved, $311K 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, Mortgage lending (HMDA), 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 Minnesota Lakes Bank
What are Minnesota Lakes Bank's total assets?
As of the Q2 2026 filing, Minnesota Lakes Bank reported total assets of $129.8 million in its FFIEC call report.
Where is Minnesota Lakes Bank headquartered?
It is headquartered in Delano, MN, United States.
When was Minnesota Lakes Bank founded?
It was established in 1982, per the FDIC institution directory.
Is Minnesota Lakes Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #23986). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Minnesota Lakes Bank?
Minnesota Lakes Bank's primary federal regulator is the Federal Reserve.
What is Minnesota Lakes Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.84% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Minnesota Lakes 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 Minnesota Lakes Bank's Texas Ratio?
Its Texas Ratio is 14.23% 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 Minnesota Lakes Bank previously called?
The charter now named Minnesota Lakes Bank has also operated as Crow River State Bank (1982-2014), per FDIC structure-change records.
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