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This institution is no longer active

Operations ceased on November 29, 2008. CRA examination history below reflects the period it was active.

FIRST INDEPENDENT BANK OF WOOD LAKE

WOOD LAKE, MN · Supervised by FDIC

Est. 1902FDIC #10,578RSSD: FDIC-10578
Part ofFINLAYSON BANCSHARES INC→ View all charters
Satisfactory Down

Current rating · Exam: June 2004

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.82%

Institution Profile

FDIC BankFind

Address

Main Street, WOOD LAKE, MN

County

Yellow Medicine County

Established

April 1, 1902

Total Assets

$17M(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

June 1, 2004

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 22 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)
Download Evaluation Report (PDF)

Financial Snapshot

As of Q3 2008Call Report / FDIC

Total Assets

$17M

Total Deposits

$15M

Net Loans

$12M

Net Income

$102K

ROA

0.82%

ROE

7.62%

Risk-Based Capital

15.34%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

4 previous ratings locked — dating 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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