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This institution is no longer active

Operations ceased on May 22, 2021. CRA examination history below reflects the period it was active.

THE LAKE BANK

TWO HARBORS, MN · Supervised by FDIC

Est. 1889FDIC #12,195RSSD: FDIC-12195
Satisfactory

Current rating · Exam: November 2018

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Institution Profile

FDIC BankFind

Address

613 First Avenue, TWO HARBORS, MN

County

Lake County

Established

January 1, 1889

Total Assets

$162M(latest call report)

Financial Snapshot

As of Q1 2021Call Report / FDIC

Total Assets

$162M

Total Deposits

$148M

Net Loans

$112M

Net Income

$676K

ROA

1.72%

ROE

19.73%

Risk-Based Capital

14.76%

Total Assets — Last 8 Quarters

Total AssetsROA

Current Examination

CRA / FFIEC

Overall Rating

Satisfactory

Exam Date

November 1, 2018

Exam Type

Small Bank

Regulator

FDIC

Rating History

CRA / FFIEC

6 previous ratings locked — dating back to 1991

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Rating Over Time

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OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance
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