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301 North Ramsey Avenue
Litchfield, MN 55355

Center National Bank is headquartered in Litchfield and is the 89th largest bank in the state of Minnesota. It is also the 3,138th largest bank in the nation. It was established in 1891 and as of June of 2014, it had grown to 36 employees at 2 locations. Center National Bank has a A+ health rating.

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Reviews (4)


I had gone to Litchfields MN Center Bank. As I was walking into the bank two people were asking a teller questions about their account. The younger teller refused to answer questions about the account. The one customer asked if she was in training. I was thinking the customer was going to get help to answer the questions that were important to her. The teller rolled her eyes not once but twice at them. The lady asked please do not roll your eyes at us. The older teller next to the young teller yelled very loud at both of them. The lady at the door also did. Both of these tellers and the lady by the door at the desk should of been fired. Or quit. I had to write this review to really let people know you can come to this bank but you will get bad service. I felt like running after these people and ask if they were okay? I felt bad for those nice people.

Nothing Bad To Say

This bank is the only one that I have delt with that consistantly has good customer service (I have used both the Litchfield and Plymoth branches) and a great interest rate. 

Being a small bank they do lack some services like having forien currency availible.  But they more than make up for it in other ways.

I am a Center Customer and I recomend them to all my freinds.

Amount Dropping In June

The rate is still 4.11% but the amount is dropping to $10,000 in June 2011.

I Had A Wonderful Experience At Center National Bank

I had a wonderful experience at Center National Bank.  My Rewards Checking works well for me.  I have no problem reaching my 10 debit card transactions. (Actually I make over 30 a month).  And I was surprised how much interest 4.11% adds up to! I don't use an ATM machine every day, but when I do I can go to any ATM and the bank will reimburse me for the charge.  Nobody likes an ATM fee.

This Rewards Checking actually works better for me than using a "Rewards", "Cash Back" or “Points” credit card.  I think of it this way, I'm earning on what I SAVE not what I SPEND.  And in an economy like this, that is a smarter option for me.

The service was great too; they aren’t pushy like most of the larger banks.  I opened my account at the Plymouth branch which is closer to my house. 

You should check it out.


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 Center National Bank had $53,000 in non-current loans and owned real-estate with $21.1 million in equity and loan loss allowances on hand to cover it. This gives Center National Bank a Texas Ratio of 0.25% 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 Center National Bank decreased dramatically from 3.01% as of June 30, 2013 to 0.25% as of June 30, 2014, resulting in a positive change of 91.65%.This indicates that the balance sheet and financial strength for Center National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Center National Bank has increased its total deposits by $6.59 million, resulting in 4.39% 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 Center National Bank 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. Center National Bank has $191.71 million in assets with $21.1 million in equity, resulting in a capitalization level of 11.01%, which is excellent.

Institution Statistics

FDIC Certificate #10976
Year Established1891
Primary RegulatorOCC
Assets and Liabilities
Assets$191.71 million
Loans$77.48 million
Deposits$156.62 million
Equity Capital$20.11 million
Loan Loss Allowance$989,000
Unbacked Noncurrent Loans$53,000
Real Estate Owned$0
Historic Data - June 2013
Assets$171.19 million
Equity Capital$19.30 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$53,000
Real Estate Owned$323,000
Profit Margin - Quarterly
Return on Assets1.37%
Return on Equity13.41%
Interest Income$3.34 million

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

Center National Bank Savings Account Rates

0.10%--Business Earnings Credit
0.05%$200-Regular Savings
0.05%$50-Thrift Savings

Center National Bank Money Market Rates

0.20%$25k-MM Gold
0.10%$25k-MM Gold S&P

Center National Bank Checking Account Rates

2.02%-$10kCenter Rewards Checking - Qualifying
0.05%--Center Rewards Checking - Non Qualifying
0.05%$500-Interest Checking

Center National Bank CD Rates

0.85%$500-60 Month CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.45%$500-24 Month CD
0.20%$500-12 Month CD
0.10%$500-6 Month CD

Center National Bank Locations
Center National Bank Branch15705 37th Ave NorthPlymouth, MN 55446
Center National Bank301 North Ramsey AvenueLitchfield, MN 55355