# MINNESOTA LAKES BANK
DELANO, MN · FDIC certificate 23986 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 2 (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 | $129.8M | |
| Deposits | $113.5M | |
| Loans and leases | $75.4M | |
| Total equity | $15.2M | |
| Loans / deposits | 65.63% (p38 of band) | 73.59% |
| Liquid assets / assets | 37.01% (p58 of band) | |
| Uninsured deposits / deposits | 16.86% (p38 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p23 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.69% (p35 of band) | 11.76% |
| Unrealized securities loss / equity | -1.19% (p75 of band) | -6.57% |
| AOCI / equity | -1.08% (p26 of band) | |
| ROA (annualized) | 1.43% (p64 of band) | 1.17% |
| Net interest margin | 5.42% (p95 of band) | 3.93% |
| Efficiency ratio | 67.20% (p54 of band) | |
| Noncurrent loans | 3.18% (p93 of band) | 0.36% |
| Net charge-offs (annualized) | -0.11% (p2 of band) | |
| Reserve coverage of noncurrent | 37.48% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 38.52% (p71 of band) | |
| Auto loans | $317,000 (0.42% of loans; DQ 1.26%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 5.4% | |
| Employees | 21 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)

## 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 | 0 |  | reserve under noncurrent |
| 2012-03 | 2 | capital falling, reserve under noncurrent |  |
| 2012-06 | 0 |  | capital falling, reserve under noncurrent |
| 2012-09 | 0 |  |  |
| 2012-12 | 0 |  |  |
| 2013-03 | 1 | capital falling |  |
| 2013-06 | 3 | AOCI drag >20% of equity, reserve under noncurrent |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 1 | charge-offs p90 | capital falling, AOCI drag >20% of equity, reserve under noncurrent |
| 2014-06 | 1 |  |  |
| 2014-09 | 5 | losing money, expense ratio p90, NIM <2.5%, reserve under noncurrent, uninsured deposits leaving | charge-offs p90 |
| 2014-12 | 5 | deposits shrinking | losing money |
| 2015-03 | 3 |  | expense ratio p90, NIM <2.5% |
| 2015-06 | 1 |  | uninsured deposits leaving, deposits shrinking |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 2 | charge-offs p90 |  |
| 2016-06 | 3 | deposits shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2016-09 | 1 |  | charge-offs p90, deposits shrinking |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | losing money, expense ratio p90, reserve under noncurrent | uninsured deposits leaving |
| 2017-06 | 2 |  | reserve under noncurrent |
| 2017-09 | 3 | reserve under noncurrent |  |
| 2017-12 | 3 | capital falling, construction >100% equity | losing money, reserve under noncurrent |
| 2018-03 | 1 |  | expense ratio p90, construction >100% equity |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | capital falling |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | uninsured deposits leaving |  |
| 2020-06 | 1 | wholesale funding >15% | uninsured deposits leaving |
| 2020-09 | 3 | capital falling, reserve under noncurrent |  |
| 2020-12 | 1 |  | wholesale funding >15%, reserve under noncurrent |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 | assets shrinking | capital falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 0 |  | assets shrinking |
| 2022-03 | 1 | capital falling |  |
| 2022-06 | 0 |  | capital falling |
| 2022-09 | 0 |  |  |
| 2022-12 | 1 | assets shrinking |  |
| 2023-03 | 3 | deposits shrinking, uninsured deposits leaving |  |
| 2023-06 | 0 |  | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2023-09 | 2 | deposits shrinking, assets shrinking |  |
| 2023-12 | 0 |  | deposits shrinking, assets shrinking |
| 2024-03 | 1 | reserve under noncurrent |  |
| 2024-06 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2024-09 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2024-12 | 3 | deposits shrinking, assets shrinking |  |
| 2025-03 | 3 | noncurrent p90 | assets shrinking |
| 2025-06 | 6 | losing money, assets shrinking, uninsured deposits leaving |  |
| 2025-09 | 6 | capital falling | losing money |
| 2025-12 | 3 | charge-offs p90 | deposits shrinking, noncurrent p90, assets shrinking, capital falling |
| 2026-03 | 3 | noncurrent p90 | charge-offs p90 |
| 2026-06 | 2 |  | uninsured deposits leaving |

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

- 2024-10-25 [Minnesota Lakes Bank marks 10-year anniversary - McLeod County Chronicle](https://news.google.com/rss/articles/CBMinwFBVV95cUxPVVdWVTZITklHQ3F0YklBam9FRkVVbVpET0M4XzdrQThNX2Z1NF8xZTI0bm9fOHV6VWN1NTA5clVQdW5JNGZpdHBuRWhzNFVWTWtnVlhKSHJaRFFTSURfZXlseVZTeDQ4N3lkUWFzeWs2bmdFNFlkcUdfbmlVNHJ2YkFuSnQ4cHkyZkRCdkRGcDRPTVM0aGlwWDVTRkh4WGs?oc=5) · McLeod County Chronicle
- 2015-01-09 [GRSB promotes Acheson to VP-operations - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMixgFBVV95cUxPbkV0UU1fTFRLNEhLb3AwQV9EQmNHUno1SzVyOF9xUWZpMGRNZ29WdURQVEJqTmJlR0FidS0tbFpwbVhoeXYzaDFwMUpxVEJqOUJHbjlsd3FzXzF4ZTRoR0x5X042TjNFXy1HZE5YdUZuQWRsVEE5SmVQZ0RQeGp1NFphUWE0OEEzNWR4RTNKeE1DTnhSbnVLR055Mlh0UDZ1Y3Z4eS00b2VDMk85SWMtZGpyUDg5WU5KN0VlMzJWa1NnQWxJR1E?oc=5) · Grand Rapids Herald-Review
- 2015-06-24 [Karen Baird Obituary Jun 24, 2015 - Dennis Steffel Omtvedt Funeral and Cremation Service](https://news.google.com/rss/articles/CBMiXkFVX3lxTFA0LXE0SDRrZUlnZ0xUTnV3MUt6QmEycmxpVmRuU0ZkdFYycnpTSFU2TTBtbDlodlRDTTliWFZ3RDl5WEdOMElQU0NzMy1adUZnTVFMZlBuZ3p3Q3EtOWc?oc=5) · Dennis Steffel Omtvedt Funeral and Cremation Service
- 2023-03-22 [Wilcox to serve another term as ICBA chairman - Finance & Commerce](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOSGNyOExVWEpQTFpSMkhlNDM3RWFHNU1JMGxQdFM5R1ZLOHRsd3hZVHZOM3ludmJUNmpySWJBelctWjE0TmgtU0hFU1dYTVRhdExvU2V3a1pFRzhpR2gzTGNycU5EVUVCbUhtNm5lUk1LdjlCY0ZVdnpoUDlCX0U1bjIxdmcwdmhvQmtV?oc=5) · Finance &amp; Commerce
- 2026-05-29 [Westonka seniors receive $430K in community scholarships - hometownsource.com](https://news.google.com/rss/articles/CBMi8gFBVV95cUxNYUNNa3JJN3plU3duRDAxS3Bjc0M3RHZUZTkzQldhM3dRempwLTlWamNlRWdfcFJQVHozd1JQeFowWkwyY3Z1N2d5bWw1ajhGWHh3UDlzZjd0Q2tYYUFjUlpNdGhBd0VkTDZwNWVXcm0xOGFNdGcyQ0tNal9NbjJxR3lyMmszZmFVb0o1dUw4NmZ3bjJKQi16cGxia3N2TUZocjhVRkxmQUpFSUpjYUNXREhDQW5fUkhodGJlSGpfb3h0eWIxbmtjRVl4TTgzZXMzMmVqWENRMllQU3ZPLWFIc0tBcE1RUVRGbEZyUV9XV2RnUQ?oc=5) · hometownsource.com
- 2015-02-06 [Birkey hired as GRSB marketing director - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMixwFBVV95cUxPeVNsMGRhNV9VQjVIc19iVjA5dVAyQzF5S0xmRUE4YjRPRm9tVEkyQ1ZDNjVmLVE4OGdUYXVITDdJcTZZUVlVQnJQQkN4TEJPU0VvQXc0d1JDN2hjWnl1VGtPelVJT2dUejMxb0tpRXhWelEyTENpenBFNExHYXM5OTBPeG5XXzlxNnRLOU5URnl1cGktMTVQWE5jSjBPS1NBSzBSSEV3RFBXSmttRi1KenJjSUNmVXA1UTdsNnhtc3J4YnQtVUdB?oc=5) · Grand Rapids Herald-Review
- 2025-06-12 [Westonka seniors earn $469K in community scholarships - hometownsource.com](https://news.google.com/rss/articles/CBMi4AFBVV95cUxOelZsNDR6OEJaRC0zUkdjVEowX2thaE0wa3QwS1R1Z2p3MFJrbHdBOGVXemZ4aDJOdFRGS21VQ3pfNlB4cnZZVk1kWmxkMFpBbm15cnQ2NXJ3cXY5OFBzaUZpT09xZ05tSmY3YTAtTG1NZlB5WGt4dFNjWUY1b2ZXNURrWnJQU0RkZzZram1IaGRWOFE5X0N3X21iRnU3ZUpWMkQxbXlSb2kzNjlydEdhR290c2d4dkZSSF9Sb1E0X2ZOQno4YlBOUVBoTEV6Z3JRQ0tWYktOS0oyanpxeS1EQg?oc=5) · hometownsource.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=23986 (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/50.json (key "23986", 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