# LAKE BANK
TWO HARBORS, MN · FDIC certificate 12195 · asset band <$300M · latest filing 2021-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $162.2M | |
| Deposits | $147.9M | |
| Loans and leases | $112.0M | |
| Total equity | $13.9M | |
| Loans / deposits | 75.53% (p72 of band) | 64.60% |
| Liquid assets / assets | 28.59% (p23 of band) | |
| Uninsured deposits / deposits | 30.25% (p85 of band) | 18.23% |
| Brokered deposits | 1.85% | |
| Wholesale funding | 1.85% (p60 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.11% (p9 of band) | 10.53% |
| Unrealized securities loss / equity | -1.11% (p13 of band) | 0.67% |
| AOCI / equity | -0.78% (p56 of band) | |
| ROA (annualized) | 1.72% (p81 of band) | 1.00% |
| Net interest margin | 4.43% (p90 of band) | 3.26% |
| Efficiency ratio | 41.30% (p4 of band) | |
| Noncurrent loans | 0.07% (p29 of band) | 0.41% |
| Net charge-offs (annualized) | -0.01% (p21 of band) | |
| Reserve coverage of noncurrent | 470.27% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 77.16% (p92 of band) | |
| Auto loans | $751,000 (0.67% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 22.9% | |
| Employees | 25 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 3 | capital falling, noncurrent p90 |  |
| 2012-03 | 2 |  | capital falling |
| 2012-06 | 2 |  |  |
| 2012-09 | 2 | charge-offs p90 | noncurrent p90 |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | charge-offs p90 |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 0 |  | reserve under noncurrent |
| 2014-03 | 1 | capital falling |  |
| 2014-06 | 0 |  | capital falling |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 2 | losing money, reserve under noncurrent |  |
| 2015-06 | 1 | charge-offs p90 | losing money, reserve under noncurrent |
| 2015-09 | 1 |  |  |
| 2015-12 | 2 | reserve under noncurrent |  |
| 2016-03 | 3 | losing money, noncurrent p90 | charge-offs p90 |
| 2016-06 | 3 | charge-offs p90 | losing money |
| 2016-09 | 2 |  | charge-offs p90 |
| 2016-12 | 2 |  |  |
| 2017-03 | 4 | brokered >10%, capital falling |  |
| 2017-06 | 2 |  | brokered >10%, capital falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | capital falling |  |
| 2018-03 | 1 |  | noncurrent p90, capital falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | reserve under noncurrent |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 0 |  | capital falling |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 3 | capital falling, NIM <2.5%, reserve under noncurrent |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 0 |  | NIM <2.5%, reserve under noncurrent |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-07-22 [Steve McLachlan Named President/CEO of The Lake Bank - Duluth News Tribune](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQQ2dCWkQ2NzBJVjlmNGgxNTQyNU5iT0tIdkp0NFZBQWdLdXo4OF81LUJZOEg1cnVlQzgwdUFlcHJxVWwwck5CaENxeVlQRFdpVHBxamZJOGJwNFJGTFlrMlVoUS10MTl3cDJ6SF9GbWE2MG1ZbS13OHM0RHEzWlpsTUd6Vm9LbG5KQUhUeDJ1MU5LLU9wZnNrbkVNYkRsOFVYVC1zakU0VXBBUVE?oc=5) · Duluth News Tribune
- 2019-09-17 [White Bear Lake bank robbery suspect arrested, charged - Pioneer Press](https://news.google.com/rss/articles/CBMilwFBVV95cUxOTlVWUUxJajVHc21zMVN5aUZMQjBDLU5xNTgxT3gxb3VYQXRZbURzTDlwVUMyM1Baam1ybmo4SHg3MUFmQ0N6ekZpYjQzeEt3NUV0RG9NWUZneTVOQzJjYW5XZjhVamhIMlJ3SFFPUmRJU3Jka2pmb0NwLWRWbEVXOWM5alpObEZFcXFnZDZEZ2pTQkZ1R0Vn?oc=5) · Pioneer Press
- 2025-07-31 [Park State Bank to acquire First National Bank of Chisholm, expanding northern Minnesota presence - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxPNkE2WVFiZU5wWWpMMDNwZkZwNFMzSGtWTkN1YWhabFExOTNMRE9manVBaWoyeFh6Y2sxZmpJSW9maFRjTG01enYxMU95QTNEbHppdzBNa2pKNEE1QkRnZU92RzBENlJZMG91VkNOa0dBVnVTc0JUVjN1SkpNTFRxQXd2SExxNVZrY05BZndwV2F6dW82VmNwR0QzQUdwdw?oc=5) · The Business Journals
- 2016-03-08 [District of Minnesota - Department of Justice (.gov)](https://news.google.com/rss/articles/CBMiakFVX3lxTE5UWHFvV3kwY3ZsNUdBaGRjbFJkWTRPWFFPM2ZfNWVwbVNsX1ZmMFlRZ21lM0g5YW5JLV85aEFZSnZzVWtKSDRha1JqRVdBelJSdkMxNl9oVjRCVWNUaEJRa3ZHdGxfX05vVFE?oc=5) · Department of Justice (.gov)
- 2018-06-09 [Falcon National Bank turns 3 banks it owns in Richmond, Isanti, Ham Lake into Falcon brand - St. Cloud Times](https://news.google.com/rss/articles/CBMivAFBVV95cUxPTk5oTndjOXE4THlDRC1lRThfeU9UQ1M2eDFFMkpWWDl0YkNnSEZWWTdxcHdONkZtNXVNTVpTRU11bU9NVmN0a3JhWmFRU2Nha0dObUt4WHVPU2xZUmJxdGQyaDdLTU9lSEhrWTNfRkEtQkZkdnR3ZmcybW5NYXgtUldvY0tHQW9KMUR2SzdvbUVLVklNU2M4SnlWUHZ5MUxXN1FwXzl5Rm1uNkNqSmxjcXJ4MUV3WkN3WXZFUQ?oc=5) · St. Cloud Times
- 2021-11-23 [U.S. Bank donates riot-damaged Minneapolis branch to nonprofit developer - Star Tribune](https://news.google.com/rss/articles/CBMirgFBVV95cUxNaENqUVItbmFpd2pOdldGT1c1Z1JNenlGVW5kQ2J5OEFZMVc4a1ZFVkRoR0c4U0VrQ1BlZ3R5b0RfZDBSR1AzRUJqVzZGaXVXTTBTbEZNUHpVUldWQlVUeFZwTlhUeG8tSG02X2xMalgxN1FUNWFmOFl3TEY5czJBelRSTkEya3pjOVdGWG5ydHNfaTd2b1Q2OFd1ekdndlRGa3BxRzdYNVRsRHRiNWc?oc=5) · Star Tribune
- 2025-03-07 [NOTICE OF MORTGAGE FORECLOSURE SALE | North Shore Journal | Two Harbors, Silver Bay & Lake Superior - North Shore Journal](https://news.google.com/rss/articles/CBMikgFBVV95cUxNMmVpRUdUNTdvb3lYOXhzMGtqcENSYV9icjZ1ZEF1T0VjQTJRaGZwQ2JTeWM4TU5QUFBsRnc4c29QSnVEb0llWlA1dDRJWGpiX0lEM2tmY1JlNkNOaFcyOC1fWmVnVUhfN20wWklUc2UtcFgwVVFoc2NnZDlTLTl1RXQxaGFIZ2EyMllQbC1Rc3dmZw?oc=5) · North Shore Journal
- 2016-06-29 ['Sunglasses suspect' in White Bear Lake bank robbery - kare11.com](https://news.google.com/rss/articles/CBMioAFBVV95cUxOSFlTcGExV29tNUd0bjhzdXdKQmhMUW9JME5mZWQ1YTJLYUlIRzJ6YU5jd1FjUFhuLU9mdzZVSUUzeVg2ck83dDFMTGwzLWFUQUhhaVpDRzk5VjBWZktHZi1LaFBWNlVjM1FiR3lSRVpDbmk5MHMwajl0UkxmMjEzdTY5SV80Z1h1TWVoSG5ja2tBMVVUR0RNNFU2NzBidTJH?oc=5) · kare11.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=12195 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/35.json (key "12195", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide