Lake Elmo Bank

11465 39th Street North
Lake Elmo, MN 55042

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15443
Date Established 1911
Assets $0.37 billion
Loans $0.26 billion
Deposits $0.33 billion
Capital $0.04 billion

Lake Elmo Bank is an FDIC insured institution located in Lake Elmo, MN. It was founded in 1911 and has approximately $0.37 billion in assets. Customers can open an account at one of its 6 branches.

For a more detailed analysis of Lake Elmo Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $9,999 Learn MoreShow Less
Money Market
0.12% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.60% $1,000 $24,999 Learn MoreShow Less
6 Mo CD
0.70% $25,000 - Learn MoreShow Less
0.90% $1,000 $24,999 Learn MoreShow Less
12 Mo CD
1.00% $25,000 - Learn MoreShow Less
0.95% $1,000 $24,999 Learn MoreShow Less
Special: 18 Mo CD
1.50% $25,000 - Learn MoreShow Less
18 Mo CD
1.50% $25,000 - Learn MoreShow Less
Special: 24 Mo CD
1.00% $1,000 $24,999 Learn MoreShow Less
1.15% $1,000 $24,999 Learn MoreShow Less
Special: 24 Mo CD
1.10% $25,000 - Learn MoreShow Less
24 Mo CD
1.25% $25,000 - Learn MoreShow Less
1.15% $1,000 $24,999 Learn MoreShow Less
Special: 30 Mo CD
2.00% $25,000 - Learn MoreShow Less
30 Mo CD
2.00% $25,000 - Learn MoreShow Less
1.30% $1,000 $24,999 Learn MoreShow Less
36 Mo CD
1.40% $25,000 - Learn MoreShow Less
1.40% $1,000 $24,999 Learn MoreShow Less
48 Mo CD
1.50% $25,000 - Learn MoreShow Less
1.70% $1,000 $24,999 Learn MoreShow Less
60 Mo CD
1.80% $25,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.90% $1,000 $24,999 Learn MoreShow Less
Special: 18 Mo FIRA
1.50% $25,000 - Learn MoreShow Less
Special: 24 Mo FIRA
1.00% $1,000 $24,999 Learn MoreShow Less
Special: 24 Mo FIRA
1.10% $25,000 - Learn MoreShow Less
Special: 30 Mo FIRA
2.00% $25,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.04% $1 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Washington, WA 98109

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
2 Year 3.00% 2.99% $1,074.42
3 Year 3.00% 2.99% $726.92
4 Year 3.39% 3.39% $557.68
5 Year 3.60% 3.60% $455.88

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Lake Elmo Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Lake Elmo Bank Locations


Financial Details

Lake Elmo Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lake Elmo Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lake Elmo Bank U.S. Bank Average
2.14% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, Lake Elmo Bank had $841,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,558,000 in equity and $3,705,000 in loans loss reserves. That gives it a Texas Ratio of 2.14%.

Return on Equity
Lake Elmo Bank U.S. Bank Average
17.72% 9.47%

Lake Elmo Bank has a Return on Equity of 17.72% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Lake Elmo Bank U.S. Bank Average
9.5% 12.49%

Lake Elmo Bank has a Capitalization of 9.5% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Lake Elmo Bank Balance Sheet Analysis

As of March 31, 2019, Lake Elmo Bank had assets of $374,214,000, loans of $258,056,000, and deposits of $332,940,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.26 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.34 billion
LIABILITIES
Total deposits $0.33 billion
      Interest-bearing deposits $0.26 billion
      Deposits held in domestic offices $0.33 billion
      % insured (estimated) 86.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.34 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Lake Elmo Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Lake Elmo Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.73
Multifamily
Mortgages
1.72
Credit Card Loans 0.00
Consumer Auto Loans 2.23
Small Business Loans 17.48
Construction and Development Loans 10.88
Commercial Real Estate 30.92
Commercial and Industrial Loans 7.74
Farm Loans 0.00

Frequently Asked Questions About Lake Elmo Bank

Branches and Savings

Is Lake Elmo Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15443.

Why does Lake Elmo Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Lake Elmo Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Lake Elmo Bank a commercial bank?

Yes

Where are Lake Elmo Bank locations?

See branch locations nearby.

Is Lake Elmo Bank open on Saturdays?

Is Lake Elmo Bank open on Sundays?

What time does Lake Elmo Bank open?

What time does Lake Elmo Bank close?

Are Lake Elmo Bank ATMs Open 24/7?

Do Lake Elmo Bank ATMs accept cash deposits?

Can Lake Elmo Bank customers use other ATMs?

Do Lake Elmo Bank branches have notaries?

Will Lake Elmo Bank notarize my document?

What address for Lake Elmo Bank should I put for incoming ACH transfers?

Will the Lake Elmo Bank branch print checks?

Do Lake Elmo Bank checks expire?

Does Lake Elmo Bank require US citizenship to open account?

Can Lake Elmo Bank close my account?

Does Lake Elmo Bank Report to credit bureaus?

Does Lake Elmo Bank Use Equifax?

What is Lake Elmo Bank's ACH Routing Number?

What is Lake Elmo Bank's SWIFT code?

Products

Does Lake Elmo Bank offer mortgages?

Compare mortgage rates here.

Does Lake Elmo Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lake Elmo Bank offer personal loans?

Compare personal loan rates here.

Does Lake Elmo Bank offer student loans?

Will Lake Elmo Bank cash a check?

Will Lake Elmo Bank redeem a savings bond?

Does Lake Elmo Bank cash savings bonds?

Will Lake Elmo Bank cash money orders?

Can Lake Elmo Bank issue a money order?

Does Lake Elmo Bank do currency exchange?

Background on The Bank

Who owns Lake Elmo Bank?

How long has Lake Elmo Bank been around?

Can Lake Elmo Bank transfer to other banks?

Does Lake Elmo Bank have quick pay?

Does Lake Elmo Bank accept rolled coins?

Will Lake Elmo Bank accept loose change?

Where is Lake Elmo Bank headquarters?

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