This institution is no longer active

Operations ceased on August 28, 2009. CRA examination history below reflects the period it was active.

MAINSTREET BANK

FOREST LAKE, MN · Supervised by FDIC

Est. 1903FDIC #1,909RSSD: FDIC-1909

Part ofBANCMIDWEST CORP→ View all charters

Satisfactory Same

Current rating · Exam: February 2009

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -9.93%

Is this bank safe?

MAINSTREET BANK holds a Satisfactory CRA rating (2009), shows financial metrics that merit closer review (ROA -9.93%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

1650 South Lake Street, FOREST LAKE, MN

County

Washington County

Established

March 15, 1903

Total Assets

$459M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 1, 2009

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 17 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q2 2009Call Report / FDIC

Total Assets

$459M

Total Deposits

$433M

Net Loans

$226M

Net Income

$-23,930K

ROA

-9.93%

Below avg for Small banks. Peer avg: 0.44%

ROE

-509.76%

Risk-Based Capital

-1.78%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-9.93%Peer avg: 0.44%▼ Below avg

Risk-Based Capital-1.78%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate5.79%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2023	121	76.86%	5.79%
2022	137	79.56%	6.57%
2021	161	75.78%	10.56%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Feb 2009	Satisfactory	Intermediate Small Bank
May 2003	Satisfactory	Small Bank
Apr 1998	Satisfactory	Small Bank

3 previous ratings locked — back to 1990

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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