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Luminate Bank

Minneapolis, MN
IDRSSD: 310754
Total Assets
$455.72M
Latest filing
Total Deposits
$366.32M
Latest filing
Net Interest Margin
4.25%
Profitability
0

Quarterly Trends

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Total Assets vs Total Liabilities

Loans & Leases vs Deposits

Interest Income vs Expense

Net Interest Income

Noninterest Expense vs Income

Net Income

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Institution Profile

Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date03/01/1937
Community BankYes
Ownership TypeNot Mutual
ZIP55405
State and County Number27053
Subchapter S CorporationsYes
Trust PowersN/A
Federal Reserve ID Number09
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameMinneapolis-St. Paul-Bloomington, MN-WI

Operational Info

Number of Employees587
Domestic Offices2
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date04/29/2024
Date of Deposit Insurance10/20/1947
Primary Insurance AgencyDIF
Websiteluminate.bank
Data Updated11/14/2025
CERT16635
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$455.72M
Total Deposits$366.32M
Total Liabilities$411.75M
Total Equity Capital$43.97M
Net Income$5.90M
Net Loans and Leases$329.18M
Assets Per Employee ($Millions)$0.67M
Bank Premises and Fixed Assets$5.40M
Cash and Balances due from Depository Institutions$87.30M
Deposits Held in Domestic Offices$366.32M

Key Performance Ratios

Return on Assets (ROA)5.44%
Return on Equity (ROE)56.77%
Net Interest Margin4.25%
Efficiency Ratio86.49%
Tier 1 Risk-Based Capital Ratio12.711%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets-0.04%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets9.649%
Earning Assets to total Assets90.75%

Income and Expense

Total Interest Income$7.63M
Total Noninterest Income$39.26M
Total Interest Expense$3.42M
Total Noninterest Expense$37.60M
Net Interest Income$4.21M
Pre-tax Net Operating Income$5.91M
Provision for Credit Losses$-41,000
Discontinued Operations (Extraordinary Gains - Net)$0

Additional Financial Info

Goodwill and Other Intangibles$0
All Other Assets$0
Other Real Estate Owned$0
Other borrowed funds$19.16M
Federal Funds Sold & Reverse Repurchase Agreement$0
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$26.27M
Total Liabilities and Capital$455.72M

Securities

Securities$2.00M
Available-for-sale debt securities$2.00M
Equity securities with readily determinable fair values not held for trading$0
Held-to-maturity securities$0
Subordinated Debt$0
Trading Account Assets$0
Trading Liabilities$0

Frequently Asked Questions

What are the total assets of Luminate Bank?
$455.72M as of the latest filing.
How much are Luminate Bank's total deposits?
$366.32M in total deposits.
Where is Luminate Bank located?
Minneapolis, MN.
What is the Net Interest Margin?
4.25%.
How many domestic offices does it operate?
2.
When was it established?
03/01/1937.
What is the Return on Assets (ROA)?
5.44%.
How much are total loans and leases?
$329.18M (latest filing).
What is the total interest income (latest filing)?
$7.63M.