Bank · FDIC insured
Luminate Bank
Top CarrotA $554.5M bank headquartered in Minneapolis, MN, with 2 branches in Minnesota. Best rates: CDs 4.25% and savings 3.50% APY.
Luminate Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 97% of U.S. banks and credit unions
#2 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Luminate Bank
Luminate Bank traces its roots to 1937 with the opening of a Minnesota state-chartered bank.
The institution was founded with a mission to serve communities with integrity and trust.
- Headquarters
- 2523 South Wayzata Boulevard, Minneapolis, MN 55405
- FDIC certificate
- 16635 ↗
Branches
2 branches in Minnesota
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Minnesota
2 branches
Minneapolis area · 1
- Luminate BankMain office2523 South Wayzata Boulevard, Minneapolis, MN 55405Directions
Rochester area · 1
- Claremont Branch208 W Front St, Claremont, MN 55924Directions
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 | 10.40% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 2.33% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 3.07% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $110 | $81 | — |
- CapitalLeverage ratio10.40%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent2.33%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets3.07%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$110Peers’ 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 Luminate Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.