Lake Elmo Bank

statement of condition
We publish this Statement of Condition so that you can be assured of Lake Elmo Bank's continuing safety and soundness.  With our strong capital position, we are well able to continue our tradition of providing a full range of financial products and personal service second to none.  We are committed to remain an independent, locally-owned bank.  We are proud that all of our employees are owners through participation in an employee stock ownership plan. 

As to the quality of our service, we know that you are the best judge of our performance.  We appreciate your business and we value your comments and suggestions.  Please let us know if there is any way in which we can better serve your needs, so that our service is truly "second to none."

June 30, 2014
ASSETS
Cash & Due from Banks
 $9,343,000
Federal Funds Sold -0-
Investment Securities 98,100,000
Net Loans & Leases
176,110,000
Premises & Fixed Assets 7,319,000
Other Assets 10,982,000
TOTAL ASSETS $301,854,000
LIABILITIES AND EQUITY CAPITAL
LIABILITIES:
Deposits $268,054,000
Other Liabilities 5,975,000
Total Liabilities 274,029,000
EQUITY CAPITAL:
Common Stock $100,000
Surplus 14,900,000
Undivided Profits 12,756,000
Net Unrealized Gain on Securities 69,000
Total Equity Capital 27,825,000
TOTAL LIABILITIES AND EQUITY CAPITAL
$301,854,000

DIRECTORS
Michael J. Barrett, Director
Rebecca R. Billingsley, Vice President
Tracey A. Galowitz, Director
Robert S. Hagstrom, Jr., Director
Richard D. Hesse, Director
Elizabeth R. Landherr, Vice President
Daniel D. Raleigh, President/CEO
Donald T. Raleigh, Chairman
John F. Schiltz, Director
CHIEF FINANCIAL OFFICER
Thomas O. Pearson
SENIOR VICE PRESIDENT
Bryan J. Kemnetz



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