Luminate Bank
Minneapolis, MN·RSSD 310754·FDIC 16635·bank:310754·Risk-based ratios where reported
- #43 of 225Total assets in Minnesota
- 2offices
- 745employees
- Top 1%Fee income vs. peers
- #2 of 169Return on assets in Minnesota
- Top 3%Loan growth in the U.S.
Performance over time
23 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
FDIC reported categories · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Luminate Bank
13 of 24 FORFI signals stand out against 1437 similar banks, based on FDIC data for the quarter.
Funding pressure buildingWorth a look: Funding FORFI signal3.02%peers 1.80%+122 bps
Luminate Bank's cost of deposits has not eased the way it has at similar banks, while borrowed funding increased.
| This institution | Peer median | Difference |
|---|---|---|
| Cost of all deposits | ||
| 3.02% | 1.80% | +122 bps |
| Borrowings as a share of assets | ||
| 10.8% | 1.0% | +9.8 pp |
With internal data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile. How signals work
Fee and other noninterest income among the highest of similar banksStrength: Earnings 2nd quarter32.60%peers 0.45%+3215 bps
Luminate Bank's noninterest income relative to average assets was 32.60%, compared with a median of 0.45% among 1434 similar banks: the highest of them.
| This institution | Peer median | Difference |
|---|---|---|
| Noninterest income relative to average assets | ||
| 32.60% | 0.45% | +3215 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile. How signals work
Net charge-offs falling while the peer median holds steadyStrength: Asset quality0.13%peers 0.00%+12 bps
Luminate Bank's annualized net charge-off rate fell 779 bps over the past year to 0.13%. Among 1427 similar banks, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Annualized net charge-off rate | ||
| 0.13% | 0.00% | +12 bps |
| 12-month change | ||
| -779 bps | 0 bps | -779 bps |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile. How signals work
Loans growing faster than peersStrength: Lending 2nd quarter+34.1%peers +5.5%+28.6 pp
Luminate Bank's loans grew 34.1% over the past year to $454 million. The median among 1431 similar banks was +5.5%.
| This institution | Peer median | Difference |
|---|---|---|
| Loans, 12-month growth | ||
| +34.1% | +5.5% | +28.6 pp |
| Loans | ||
| $454 million | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile. How signals work
Total assets growing faster than peersStrength: Growth 2nd quarter+34.4%peers +4.7%+29.8 pp
Luminate Bank's total assets grew 34.4% over the past year to $555 million. The median among 1437 similar banks was +4.7%.
| This institution | Peer median | Difference |
|---|---|---|
| Total assets, 12-month growth | ||
| +34.4% | +4.7% | +29.8 pp |
| Total assets | ||
| $555 million | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile. How signals work
8 more observations
- Borrowed funding rising while the peer median holds steadyFunding
- Return on assets falling while the peer median risesEarnings
- Deposit costs rising while the peer median fallsFunding
- Problem loans falling while the peer median holds steadyAsset quality
- C&I lending shrinking while the peer median growsLending
- Efficiency ratio rising while the peer median fallsEfficiency
- Deposit costs among the highest of similar banksFunding
- Deposits growing faster than peersFunding
Key facts
- Luminate Bank is a bank headquartered in Minneapolis, Minnesota. It reported $555 million in total assets for the quarter ended June 30, 2026.
- Deposits totaled $413 million, up 20.0% from a year earlier, and loans totaled $454 million, up 34.1%.
- Its net interest margin was 3.67% and its annualized return on assets was 3.06% for the quarter.
- Its cost of all deposits was 3.02%, compared with a median of 1.80% among 1432 similar banks with $300 million to $1 billion in assets.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Luminate Bank's own data, FORFI would look at: Which depositors repriced or moved balances, which relationships are at risk of migrating, and where exception pricing is concentrated.
Analysis workspaces
Sources and identifiers
- Institution
- Luminate Bank · Bank
- Federal Reserve RSSD
- 310754
- FDIC certificate
- 16635
- Reporting period
- Peer group
- 1437 banks with $300 million to $1 billion in assets that filed FDIC data for the same quarter. Luminate Bank itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
FDIC · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation | FDIC published reference |
|---|---|---|
| $4.09M | — | |
| $9.44M | — | |
| $4.97M | — | |
| $4.47M | — | |
| $43.55M | — | |
| $43.62M | — | |
| $297K | — | |
| $297K | — | |
| 3.06% | 3.05%ROAQ · Quarter | |
| 3.67% | 3.66%NIMYQ · Quarter | |
| 90.84% | 90.68%EEFFQR · adjusted · Quarter |
Credit-quality reconciliation · Source components agree. NALNLS (nonaccrual) + P9LNLS (90+ days accruing) = NCLNLS (noncurrent).
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-25T00:32:31.073937+00:00. Separate reference provenance is included in the export.