Lakeland Federal Savings Bank
Detroit Lakes, MN
$79.6M
total assets, December 31, 1989
$79.6M
total assets, December 31, 1989
Lakeland Federal Savings Bank was a savings bank in Detroit Lakes, MN. It failed on Mar 16, 1990, and First Security State Bank took over its deposits. At its last report it held $79.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 16, 1990
- Assets
- $79.6M
- Deposits
- $80.6M
- Estimated cost
- $24.8M
- Deposits went to
- First Security State Bank, Sleepy Eye, MN
Total assets
$79.6M
-23.3% in a year · -12.2% in a quarter
Deposits
$80.6M
+2.3% in a year · -5.1% in a quarter
Loans
$60.5M
-28.7% in a year · -13.3% in a quarter
Profit so far
-$8.5M
Jan 1 to Dec 31, 1989 · -18240.4% in a year
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-8.91%
-8.95 pts in a year
Facts
- Type
- Savings bank
- Head office
- 211 West Holmes, Detroit Lakes, MN, 56501
- County
- Becker
- Established
- Jan 1, 1933
- Failed
- Mar 16, 1990
- Id
- b29137
Quarter by quarter
March 31, 1984 to December 31, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Lakeland Federal Savings Bank?
$79.6 million in total assets and $80.6 million in deposits as of December 31, 1989, with assets down 23.3% from a year before. Its loans were $60.5 million.
Is Lakeland Federal Savings Bank profitable?
No: it lost $8.53 million from January 1 to December 31, 1989. Its return on assets was -8.91% a year; about 1% is typical.
When did Lakeland Federal Savings Bank fail?
Mar 16, 1990. First Security State Bank of Sleepy Eye, MN took over its deposits. The estimated cost of the failure was $24.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.