Lake Region Bank
FDIC #10965
📍 New London, Minnesota
Lake Region Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/12/1915. With assets of $141.19 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2022
Satisfactory
March 1, 2016
Satisfactory
August 2, 2010
Satisfactory
💰 Financial Strength
Total Assets$141.19 Million
Total Deposits$133.91 Million
Equity Capital$6.25 Million
Net Income$1.80 Million
📈 Performance
ROA1.65%
ROE35.70%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/12/1915
FDIC Cert10965
Holding CoKandi Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJanuary 23, 2020
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 5:00 PM
Tuesday7:30 AM - 5:00 PM
Wednesday7:30 AM - 5:00 PM
Thursday7:30 AM - 5:00 PM
Friday7:30 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2006
Relocation
Moved HQ to: 51 Main St S, New London, MN 56273.
2004
Name Change
Name became: Changed Institution Name To Lake Region Bank.
1994
Relocation
Moved HQ to: Main Street, New London, MN 56273.