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Lake Elmo Bank Salary

Lake Elmo Bank Salary

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As of August 2026, the average annual salary for employees at Lake Elmo Bank in the United States is $102,210. This translates to an approximate hourly wage of $49. Salaries at Lake Elmo Bank typically range from $89,601 to $115,940 annually, reflecting the diverse roles and experience levels within the company.
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Is Lake Elmo Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Elmo Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
First National Bank - Altus $86,198
-15.7%
First National Bank - Altus focuses strategically on recruiting and training entry-level apprentices.
National Bank No California $111,081
+8.7%
Driven by niche technical certifications required for National Bank No California's specialized projects.
Communications Holdings LLC $101,957
-0.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
GEM Holdings LLC $90,924
-11.0%
Typical compensation structure for smaller regional agencies like GEM Holdings LLC.
Financial Services Industry $121,514
+18.9%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Lake Elmo Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Lake Elmo Bank. Click a company name to learn more.

Employee Reviews: Working at Lake Elmo Bank

Considering a career at Lake Elmo Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Vendor partnerships are high-quality and stable. Training is offered it is well organized. It demonstrates a true investment in developing talent from within the company, which is greatly appreciated by all employees. Schedules are predictable, and responsibilities are well-structured. With employees, everyone is aligned in delivering exceptional service.
Commented in April 29, 2025
24
2
it’s professional and efficient, which some may prefer. IT troubleshooting is prompt. A fine place to begin a career. Management is approachable and invests in employee growth through regular training and mentoring. A lot of financial companies feel cold, but this one is refreshingly human. I feel valued here and proud to contribute to innovative financial solutions that impact clients positively ...
Commented in April 02, 2025
45
3
A forward-thinking company with excellent leadership and a culture of growth. There's a genuine commitment to ethical financial advice. Ongoing training and development programs empower staff to grow their skills continuously. Strategic direction is clear, and the company adapts well to industry shifts.
Commented in November 24, 2024
15
3
Company values transparency and integrity. A great place to launch or grow your career. Great leadership team.
Commented in September 18, 2024
39
2
From specialized financial workshops to support for industry certifications, the company ensures we stay ahead in a dynamic market. Collaboration is part of the DNA here, and leaders make time to listen and coach. Since joining, I've been impressed with the company’s structure and support systems. Diverse talent and positive culture.
Commented in February 29, 2024
48
1

Lake Elmo Bank Overview

Website
www.lakeelmobank.com
Founded In
1911
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
11465 39th St N Lake Elmo Minnesota MN 55042
Revenue
$10 Million - $50 Million
Phone Number
+1 6517778365
Social Media
About Lake Elmo Bank
Lake Elmo Bank is a privately owned banking institution based out of Lake Elmo, MN. Lake Elmo Bank provides personal checking & savings accounts, ebanking, investment services and trust/real estate services to its customers. They have two other office locations in Oakdale and Stillwater, MN. In addition, Lake Elmo Bank gives loans, assists in health savings accounts and helps to prevent identity t

What Benefits Does Lake Elmo Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lake Elmo Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Saint Paul?

Understanding the cost of living near Saint Paul is key to truly evaluating a salary offer or your current compensation at Lake Elmo Bank.
Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). State capital, slightly more affordable housing than Minneapolis. Metro Transit. When planning your budget based on a salary from Lake Elmo Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Lake Elmo Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,750 - $4,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lake Elmo Bank

1. What is the typical salary range (low to high) for most roles at Lake Elmo Bank?

The typical annual salary range for most roles at Lake Elmo Bank is approximately from $89,601 to $115,940. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Lake Elmo Bank pay compared to First National Bank - Altus?

The average annual salary at Lake Elmo Bank is $102,210, or an hourly wage of $49, in comparison to First National Bank - Altus which pays $86,198 per year or $41 per hour.

3. Do salaries differ significantly between departments at Lake Elmo Bank?

Yes, salaries often differ between departments at Lake Elmo Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Lake Elmo Bank?

Experience level is a significant factor in determining salary at Lake Elmo Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Lake Elmo Bank in Saint Paul is fair given the local cost of living?

To determine if a salary offer from Lake Elmo Bank in Saint Paul is fair, first compare the gross salary to our data for similar roles at Lake Elmo Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Saint Paul" to understand its purchasing power.

6. Why might an individual's actual salary at Lake Elmo Bank differ from the ranges shown here?

An individual's actual salary at Lake Elmo Bank can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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