Lake Community Bank in Long Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lake Community Bank - Overview

  • General
  • FDIC Certificate #: 8193
    Status: Active
    Federal Reserve ID: 30650
    Bank Holding Company (Regulatory Top Holder): Tysan Corporation, The (RSSDID: 1125085, Location: Minneapolis, MN)
    Date Established: August 19, 1905
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11639
    FDIC's unique #: 5219
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 2006
    Last Structure Change Process Date: October 03, 2006
    Last Data Update: October 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1964 West Wayzata Boulevard, Long Lake, MN 55356
    County: Hennepin
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $143.5 mil
    Equity capital: $12.8 mil
    Deposits held in domestic offices: $110.6 mil
    Return on assets (ROA): -0.44% (-$0.6 mil)
    Quarterly return on assets: 2.19% ($3.1 mil)
    Return on Equity (ROE): -4.92% (-$0.6 mil)
    Quarterly return on equity: 24.94% ($3.2 mil)
    Net income: -$0.6 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: -0.92% (-$1,319.9 mil)
    Quarterly Pretax return on assets: 0.26% ($373.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $143,469Total assets
  • $9,324Cash and due from depository institutions
  • $4,075Interest-bearing balances
  • $37,690Securities
  • $5,534Federal funds sold & reverse repurchase agreements
  • $78,034Net loans & leases
  • $2,730Loan loss allowance
  • $0Trading account assets
  • $5,754Bank premises and fixed assets
  • $4,174Other real estate owned
  • $0Goodwill and other intangibles
  • $143,470Life insurance assets
  • $2,959All other assets
  • $130,627Total liabilities and capital
  • $110,612Total liabilities
  • $35,180Total deposits
  • $110,612Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 676.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $339Subordinated debt
  • $12,843All other liabilities
  • $12,843Total equity capital
  • $12,843Total bank equity capital
  • $0Perpetual preferred stock
  • $96Common stock
  • $14,145Surplus
  • $-1,398Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,023Income earned, not collected on loans
  • $0Earning assets
  • $471Long-term assets (5+ years)
  • $125,333Average Assets, year-to-date
  • $27,003Average Assets, quarterly
  • $143,283Volatile liabilities
  • $142,109Insider loans
  • $93,447FHLB advances
  • $139,414Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,910Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,123Restructured Loans and leases
  • $178Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,145Total interest income
  • $1,347Total interest expense
  • $4,798Net interest income
  • $1,819Provision for loan and lease losses
  • $706Total noninterest income
  • $0Fiduciary activities
  • $414Service charges on deposit accounts
  • $0Trading account gains & fees
  • $292Additional noninterest income
  • $5,001Total noninterest expense
  • $2,297Salaries and employee benefits
  • $763Premises and equipment expense
  • $1,941Additional noninterest expense
  • -$1,316Pre-tax net operating income
  • $2Securities gains (losses)
  • -$685Applicable income taxes
  • -$629Income before extraordinary items
  • $0Extraordinary gains - net
  • -$629Net income attributable to bank
  • $0Net charge-offs
  • -$629Cash dividends
  • $1,517Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • -0.44%Net operating income to assets
  • -0.44%Return on assets (ROA)
  • -0.92%Pretax return on assets
  • -4.92%Return on equity (ROE)
  • -4.92%Retained earnings to average equity (YTD only)
  • 1.74%Net charge-offs to loans
  • 119.91%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 90,861Assets per employee
  • 5.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.38%Loss allowance to noncurrent loans
  • 54.35%Noncurrent assets plus other real estate owned to assets
  • 6.41%Noncurrent loans to loans
  • 6.22%Net loans and leases to deposits
  • 70.55%Net loans and leases to core deposits
  • 72.70%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 12.75%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $143,283Average earning assets
  • $12,791Average equity
  • $125,671Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05219Lake Community Bank1964 West Wayzata Boulevard, Long Lake, MN 55356August 19, 1905Full Service Brick and Mortar
    1466832Albertville Branch57th Street Ne, Albertville, MN 55301January 01, 2007Full Service Brick and Mortar

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