Minnesota – Chisago – Lindstrom
(NM) Commercial bank, state charter and Fed nonmember
active
www.lakeareabank.com
Minnesota
Chisago
Lindstrom
(NM) Commercial bank, state charter and Fed nonmember
active
1390
1915
FDIC Certificate Number: 1390
FDIC's unique number: 913
The FDIC Field Office where an institution is physically located: Minneapolis
Federal Reserve ID Number: 987053
Report Date: 2011-06-30
Bank Charter Class: NM
Number of Domestic Offices: 8
Number of Foreign Offices: 0
The date of the last data update: 2008-06-04
1915-10-22 Institution established. Original name: Security State Bank Of Lindstrom.
1988-01-04 Changed name to Lake Area Security Bank .
1993-01-01 Changed name to Lake Area Bank .
Total assets: $275,260,000
Total deposits: $235,678,000
Deposits held in domestic offices: $235,678,000
Equity capital: $25,606,000
Net income: $-2,136,000
Return on Assets: -1.53
Return on Equity: -16.44
Last updated on: 2011-10-20
Bank Holding Company: Freedom Bancorporation, Inc.
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Profile ID: LFUS-BAB-P-5458