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Overview / Commentary
136 East Madison Street
Lake Mills, WI 53551

Bank of Lake Mills is headquartered in Lake Mills and is the 114st largest bank in the state of Wisconsin. It is also the 3,168th largest bank in the nation. It was established in 1893 and as of June of 2014, it had grown to 42 employees at 2 locations. Bank of Lake Mills has a A health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Bank of Lake Mills had $2.32 million in non-current loans and owned real-estate with $21.89 million in equity and loan loss allowances on hand to cover it. This gives Bank of Lake Mills a Texas Ratio of 10.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Lake Mills decreased dramatically from 20.24% as of June 30, 2013 to 10.58% as of June 30, 2014, resulting in a positive change of 47.76%.This indicates that the balance sheet and financial strength for Bank of Lake Mills has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank of Lake Mills has increased its total deposits by $5.84 million, resulting in 3.91% 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.



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 $188.84 million in assets with $21.89 million in equity, resulting in a capitalization level of 11.59%, which is excellent.

Institution Statistics

FDIC Certificate #8695
Year Established1893
Primary RegulatorFDIC
Assets and Liabilities
Assets$188.84 million
Loans$148.81 million
Deposits$155.08 million
Equity Capital$19.72 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$129,000
Historic Data - June 2013
Assets$175.24 million
Equity Capital$18.46 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$813,000
Profit Margin - Quarterly
Return on Assets1.34%
Return on Equity13.3%
Interest Income$3.71 million

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Bank of Lake Mills Savings Account Rates

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

Bank of Lake Mills Money Market Rates

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

Bank of Lake Mills Checking Account Rates

0.10%$500-Interest Bearing Checking

Bank of Lake Mills CD Rates

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

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

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