Statement of Condition

Dear Customers, Friends and Colleagues,
We are pleased to share with you our Statement of Condition.  Lake Elmo Bank continues to be a strong and well-capitalized institution.  Our capital position allows us to build on our 108-year tradition of building long-term customer relationships, which is the key to our success.  Our financial position also allows us to invest in staff and technology, so that we can provide our customers a full-range of loan and deposit products.  We intend to remain an independent, locally-owned and community-focused bank.

From all of us at Lake Elmo Bank, thank you for trusting us with your business and banking relationships.

  December 31, 2018

ASSETS
 Cash & Due from Banks $26,459,000
 Investment Securities 75,959,000
 Net Loans & Leases 249,397,000
 Premises & Fixed Assets 7,154,000
 Other Assets 9,128,000
 TOTAL ASSETS  $368,097,000
 LIABILITIES AND EQUITY CAPITAL
LIABILITIES:
Deposits $328,068,000
Other Liabilities 6,859,000
TOTAL LIABILITIES 334,927,000
TOTAL EQUITY CAPITAL 33,170,000
TOTAL LIABILITIES AND EQUITY CAPITAL $368,097,000

Chief Executive Officer
Daniel D. Raleigh
Chairman
Donald T. Raleigh
Chief Financial Officer
Richard P. Plummer