TellerScore

Headquartered in Minneapolis, Minnesota, Luminate Bank is a state-chartered bank with $554.5M in total assets and $412.7M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1937.

Luminate Bank has a TellerScore of 47 out of 100 (below average) based on Q2 2026 data — higher than only 5% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 207th. Earnings contributes the most (100/100, 3.07%); funding & liquidity contributes the least (1/100, 109% loans-to-deposits, 63% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion54/100
Tier 1 leverage ratio: 10.40%
Loan quality22/100
Noncurrent loans ÷ total loans: 2.33%
Earnings100/100
Return on assets (annualized): 3.07%
Funding & liquidity1/100
Loans ÷ deposits and uninsured-deposit share: 108.8% · 63.3% uninsured
Problem-loan coverage56/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 21.99%

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 rose 5 points (42 → 47), mostly because the loan quality component improved by 22 points.

TellerScore
344453Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202453
Q3 202453
Q4 202448
Q1 202534
Q2 202542
Q3 202540
Q4 202549
Q1 202652
Q2 202647
Tier 1 leverage ratio
5.00%9.24%13.49%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202413.49%
Q3 202413.11%
Q4 202411.84%
Q1 202510.72%
Q2 202510.27%
Q3 20258.97%
Q4 202510.09%
Q1 202610.00%
Q2 202610.40%
Noncurrent loans
2.01%2.97%3.92%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20243.39%
Q3 20243.75%
Q4 20243.38%
Q1 20253.51%
Q2 20253.62%
Q3 20253.92%
Q4 20252.49%
Q1 20262.01%
Q2 20262.33%
Return on assets
0.62%2.84%5.07%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20245.07%
Q3 20244.42%
Q4 20243.24%
Q1 20250.62%
Q2 20252.54%
Q3 20253.63%
Q4 20253.72%
Q1 20263.11%
Q2 20263.07%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202647$554.5M10.40%2.33%3.07%108.8%
Q1 202652$517.3M10.00%2.01%3.11%98.4%
Q4 202549$511.0M10.09%2.49%3.72%85.1%
Q3 202540$455.7M8.97%3.92%3.63%89.9%
Q2 202542$412.5M10.27%3.62%2.54%96.8%
Q1 202534$341.3M10.72%3.51%0.62%115.0%
Q4 202448$335.8M11.84%3.38%3.24%102.6%
Q3 202453$275.8M13.11%3.75%4.42%118.3%
Q2 202453$328.6M13.49%3.39%5.07%137.0%

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 ratio10.40%
39th
Total risk-based capital13.79%
61st
Problem loans2.33%
10th
Net charge-offs0.53%
5th
Return on assets3.07%
98th
Net interest margin3.64%
34th
Efficiency ratio90.0%
6th
Loans to deposits108.8%
4th
Uninsured deposits63.3%
1st
Loan-loss reserves0.97%
23rd
Texas ratio22.0%
5th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Community Resource BankBank Northfield, MN67 out of 100, Moderate$556.4M10.5%1.09%vs
Northern State Bank of Thief River FallsBank Thief River Falls, MN67 out of 100, Moderate$550.0M9.9%0.57%vs
Glenwood State Bank (Incorporated)Bank Glenwood, MN54 out of 100, Below average$545.2M10.3%2.03%vs
Community Bank MankatoBank Vernon Center, MN47 out of 100, Below average$538.3M9.5%2.15%vs
Profinium, Inc.Bank Truman, MN72 out of 100, Strong$533.1M10.2%0.13%vs
Lake Elmo BankBank Lake Elmo, MN74 out of 100, Strong$529.7M11.6%0.84%vs

Deposit insurance

Is my money safe at Luminate Bank?

Yes. Luminate Bank is an FDIC-insured institution (FDIC certificate #16635). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 63.3% of deposits ($261.1M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.40%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 13.79% (benchmark: 10%).

Check how much of your own balance is covered

2 locations

Branches

Luminate Bank lists 2 offices in 2 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Luminate Bank reported 12,114 home-loan applications under HMDA (LEI 549300RFLICNI75BG067): 8,416 originated ($3,114,050,000 total), 384 denied, and 3,238 withdrawn or closed by the applicant. Its denial rate on decided applications was 4.3%, 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
Luminate Bank
Former names
Equity Bank; Security State Bank of Claremont; Alliance Bank of Blooming Prairie; American Equity Bank
Type
State-chartered bank
FDIC certificate #
16635
RSSD ID
310754
Primary regulator
FDIC
Holding company
Luminate Capital Corp
Established
March 1, 1937
Headquarters
2523 South Wayzata Boulevard, Minneapolis, MN 55405
Employees
745

Quick answers

Luminate Bank: common questions

Is Luminate Bank FDIC insured?

Yes. Luminate Bank is an FDIC-insured institution (FDIC certificate #16635). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Luminate Bank's TellerScore?

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

Has Luminate Bank ever failed?

There is no failure record for FDIC certificate #16635 in the FDIC failed bank list.

How many branches does Luminate Bank have?

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Minneapolis

InstitutionScoreAssetsCapitalProblem loansCompare
Vermillion State BankBank Vermillion, MN90 out of 100, Very strong$931.4M13.4%0.24%vs
Ziegler Federal Credit UnionCredit union Bloomington, MN87 out of 100, Very strong$4.3M26.9%1.09%vs
Think Mutual BankBank Rochester, MN86 out of 100, Very strong$2.2B16.3%0.25%vs
Carpenters Federal Credit UnionCredit union Saint Paul, MN86 out of 100, Very strong$44.3M16.0%1.01%vs
PrinsBankBank Prinsburg, MN85 out of 100, Very strong$308.3M12.0%0.29%vs
Toro Employees Federal Credit UnionCredit union Bloomington, MN84 out of 100, Strong$41.5M14.5%0.56%vs