🏦Bank Scorer

This institution is no longer active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
Part ofPARK FINANCIAL GROUP INC→ View all charters
Satisfactory Same

Current rating · Exam: November 2018

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.72%

Institution Profile

FDIC BankFind

Address

613 First Avenue, TWO HARBORS, MN

County

Lake County

Established

January 1, 1889

Total Assets

$162M(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

November 1, 2018

Exam Type

Small Bank

Regulator

FDIC
What is a CRA rating? →
⚠️This exam is 7 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 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%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

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

Mortgage Denial Rate0.00%Peer avg: 7.63%▲ Above avg

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Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20209689.58%0.00%
201963100%0.00%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

6 previous ratings locked — dating back to 1991

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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