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Overview / Commentary
920-648-8336
136 East Madison Street
Lake Mills, WI 53551

Bank of Lake Mills is headquartered in Lake Mills and is the 112st largest bank in the state of Wisconsin. It is also the 3,186th largest bank in the nation. It was established in 1893 and as of March of 2014, it had grown to 41 employees at 2 locations. Bank of Lake Mills has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of Lake Mills had $2.38 million in non-current loans and owned real-estate with $21.24 million in equity and loan loss allowances on hand to cover it. This gives Bank of Lake Mills a Texas Ratio of 11.18% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank of Lake Mills decreased dramatically from 19.90% as of March 31, 2013 to 11.18% as of March 31, 2014, resulting in a positive change of 43.81%.This indicates that the balance sheet and financial strength for Bank of Lake Mills has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bank of Lake Mills has increased its total deposits by $9.45 million, resulting in 6.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Lake Mills has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Lake Mills has $189.15 million in assets with $21.24 million in equity, resulting in a capitalization level of 11.23%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #8695
Year Established1893
Employees41
Primary RegulatorFDIC
Assets and Liabilities
Assets$189.15 million
Loans$148.14 million
Deposits$159.69 million
Equity Capital$19.12 million
Loan Loss Allowance$2.12 million
Unbacked Noncurrent Loans$2.13 million
Real Estate Owned$244,000
Historic Data - March 2013
Assets$176.15 million
Equity Capital$18.27 million
Loan Loss Allowance$2.14 million
Unbacked Noncurrent Loans$2.13 million
Real Estate Owned$1.16 million
Profit Margin - Quarterly
Net Interest Margin3.68%
Return on Assets1.16%
Return on Equity11.73%
Interest Income$1.84 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bank of Lake Mills, we are a rate comparison website and can not provide official rates or promotions.

Bank of Lake Mills Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Statement Savings
0.10%--Christmas Club Savings
0.10%--Business Savings

Bank of Lake Mills Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Checking
0.30%$100k-Business Money Market

Bank of Lake Mills Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$500-Interest Bearing Checking

Bank of Lake Mills CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-4 Year CD
0.90%$500-3 Year CD
0.90%$2,500-26 Month CD Special
0.75%$500-2 1/2 Year CD
0.60%$500-2 Year CD
0.60%$2,500-14 Month CD Special
0.45%$500-1 1/2 Year CD
0.35%$500-1 Year CD
0.35%$500-1 Year SS CD
0.25%$2,500-182 Day CD
0.20%$2,500-91 Day CD

Bank of Lake Mills IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-4 Year IRA
0.90%$500-3 Year IRA
0.75%$500-2 1/2 Year IRA
0.60%$500-2 Year IRA
0.45%$100-18 Month Variable Rate IRA
0.45%$500-1 1/2 Year IRA
0.35%$500-1 Year IRA
Locations


Bank of Lake Mills Locations
Bank Of Lake Mills136 East Madison StreetLake Mills, WI 53551
Watertown Branch400 Bernard StreetWatertown, WI 53094