Lake Region Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Lake Region Bank was incorporated January 15, 1915. This charter was located in the current New London Bank location. Paul Vollan purchased the charter October 1, 1970. The Vollan family is proud of its long-term ownership of the bank. They believe local involvement and decision making should be at the heart of how a good bank operates.

Thinking of the farmers in this area, Paul opened a branch in Sunburg in July of 1977. Being fully aware of the time the farmers put in, he felt this would make the bank more available for that community. Lake Region Bank continued to expand and in 1981 opened a location in Willmar, which now makes its home just south of the Skylark Mall.

Lake Region Bank has always believed in community involvement. Banks employees live and work here and know that being involved here contributes to a higher quality of life.

Willmar
1690 1st St. S.
P.O. Box 1740
Willmar, MN 56201
Phone: 320.235.5900

New London
51 Main Street
PO Box 450
New London, MN 56273
Phone: 320.354.2011

Sunburg
219 Front Street
PO Box 62
Sunburg, MN 56289
Phone: 320.366.3885