Bank · FDIC insured
Lake Elmo Bank
A $529.7M bank headquartered in Lake Elmo, MN, with 3 branches in Minnesota. Best rates: savings 1.36% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: no accounts of this kind found on its website. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings882.12%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Lake Elmo Bank
Lake Elmo Bank was chartered on August 1, 1911 by a group of farmers and local business owners to establish a locally owned community bank.
Originally known as The State Bank of Lake Elmo, the institution has remained locally owned throughout its history.
Headquartered on Highway 5 in Lake Elmo, Minnesota, it operates locations in Oakdale and Stillwater, serving residents and businesses of the east metro area.
- Headquarters
- 11465 39th St N, Lake Elmo, MN 55042
- FDIC certificate
- 15443 ↗
Branches
3 branches in Minnesota
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Minnesota
3 branches
- Lake Elmo BankMain office11465 39th St N, Lake Elmo, MN 55042Directions
- Inwood Avenue North Branch600 Inwood Ave N, Oakdale, MN 55128Directions
- Stillwater Branch1937 Greeley St S, Stillwater, MN 55082Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.62% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.84% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.79% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $93 | $81 | — |
- CapitalLeverage ratio11.62%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.84%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.79%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$93Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Lake Elmo Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.