TellerScore

Headquartered in Lake Elmo, Minnesota, Lake Elmo Bank is a state-chartered bank with $529.7M in total assets and $462.6M in deposits as of Q2 2026. It operates 9 offices. Its charter dates back to 1911.

Lake Elmo Bank has a TellerScore of 74 out of 100 (strong) based on Q2 2026 data — higher than 57% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 68th. Earnings contributes the most (91/100, 1.79%); funding & liquidity contributes the least (65/100, 91% loans-to-deposits, 19% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion66/100
Tier 1 leverage ratio: 11.62%
Loan quality72/100
Noncurrent loans ÷ total loans: 0.84%
Earnings91/100
Return on assets (annualized): 1.79%
Funding & liquidity65/100
Loans ÷ deposits and uninsured-deposit share: 91.3% · 18.6% uninsured
Problem-loan coverage86/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 6.81%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 8 points (82 → 74), mostly because the loan quality component weakened by 27 points.

TellerScore
747882Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202474
Q3 202477
Q4 202477
Q1 202577
Q2 202582
Q3 202582
Q4 202582
Q1 202679
Q2 202674
Tier 1 leverage ratio
5.00%8.36%11.73%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.78%
Q3 202410.97%
Q4 202410.70%
Q1 202511.11%
Q2 202511.30%
Q3 202511.51%
Q4 202511.25%
Q1 202611.73%
Q2 202611.62%
Noncurrent loans
0.04%0.44%0.84%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.70%
Q3 20240.52%
Q4 20240.35%
Q1 20250.46%
Q2 20250.04%
Q3 20250.14%
Q4 20250.06%
Q1 20260.40%
Q2 20260.84%
Return on assets
1.71%1.78%1.84%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.71%
Q3 20241.75%
Q4 20241.75%
Q1 20251.75%
Q2 20251.81%
Q3 20251.84%
Q4 20251.84%
Q1 20261.72%
Q2 20261.79%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202674$529.7M11.62%0.84%1.79%91.3%
Q1 202679$530.9M11.73%0.40%1.72%88.8%
Q4 202582$531.4M11.25%0.06%1.84%86.8%
Q3 202582$517.2M11.51%0.14%1.84%89.7%
Q2 202582$500.2M11.30%0.04%1.81%90.4%
Q1 202577$519.3M11.11%0.46%1.75%85.1%
Q4 202477$515.8M10.70%0.35%1.75%86.3%
Q3 202477$508.2M10.97%0.52%1.75%88.7%
Q2 202474$499.4M10.78%0.70%1.71%88.6%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.62%
60th
Total risk-based capital17.39%
79th
Problem loans0.84%
32nd
Net charge-offs0.14%
16th
Return on assets1.79%
80th
Net interest margin4.25%
68th
Efficiency ratio55.0%
72nd
Loans to deposits91.3%
24th
Uninsured deposits18.6%
69th
Loan-loss reserves1.33%
66th
Texas ratio6.8%
27th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
EntreBankBank Bloomington, MN72 out of 100, Strong$527.1M9.6%0.03%vs
Profinium, Inc.Bank Truman, MN72 out of 100, Strong$533.1M10.2%0.13%vs
Community Bank MankatoBank Vernon Center, MN47 out of 100, Below average$538.3M9.5%2.15%vs
Glenwood State Bank (Incorporated)Bank Glenwood, MN54 out of 100, Below average$545.2M10.3%2.03%vs
Northern State Bank of Thief River FallsBank Thief River Falls, MN67 out of 100, Moderate$550.0M9.9%0.57%vs
Eagle Rock BankBank Rochester, MN72 out of 100, Strong$508.2M13.8%0.92%vs

Deposit insurance

Is my money safe at Lake Elmo Bank?

Yes. Lake Elmo Bank is an FDIC-insured institution (FDIC certificate #15443). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 18.6% of deposits ($86.2M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.62%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.39% (benchmark: 10%).

Check how much of your own balance is covered

9 locations

Branches

Lake Elmo Bank lists 3 offices in 3 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Lake Elmo Bank reported 145 home-loan applications under HMDA (LEI 549300B934MYWT57IX38): 136 originated ($45,880,000 total), 5 denied, and 0 withdrawn or closed by the applicant. Its denial rate on decided applications was 3.4%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Lake Elmo Bank
Former names
State Bank of Lake Elmo
Type
State-chartered bank
FDIC certificate #
15443
RSSD ID
1015850
Primary regulator
FDIC
Holding company
Lake Elmo Bancshares Inc
Established
August 1, 1911
Headquarters
11465 39th St N, Lake Elmo, MN 55042
Employees
77

Quick answers

Lake Elmo Bank: common questions

Is Lake Elmo Bank FDIC insured?

Yes. Lake Elmo Bank is an FDIC-insured institution (FDIC certificate #15443). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Lake Elmo Bank's TellerScore?

74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Lake Elmo Bank ever failed?

There is no failure record for FDIC certificate #15443 in the FDIC failed bank list.

How many branches does Lake Elmo Bank have?

9 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Lake Elmo

InstitutionScoreAssetsCapitalProblem loansCompare
Vermillion State BankBank Vermillion, MN90 out of 100, Very strong$931.4M13.4%0.24%vs
Carpenters Federal Credit UnionCredit union Saint Paul, MN86 out of 100, Very strong$44.3M16.0%1.01%vs
Think Mutual BankBank Rochester, MN86 out of 100, Very strong$2.2B16.3%0.25%vs
Pipefitters-Steamfitters Credit UnionCredit union Woodbury, MN83 out of 100, Strong$51.6M13.4%1.07%vs
Security State Bank of MarineBank Marine On St. Croix, MN82 out of 100, Strong$232.5M10.9%0.13%vs
Riverview Credit UnionCredit union South Saint Pau, MN81 out of 100, Strong$7.9M16.4%0.00%vs