Bank of Lake Mills

Overview / Commentary

www.bankoflakemills.com

920-648-8336

136 East Madison Street
Lake Mills, WI 53551

Bank of Lake Mills is headquartered in LAKE MILLS and is the 90^th largest bank in the state of Wisconsin. It is also the 2,369^th largest bank in the nation. It was established in 1893 and as of December of 2023, it had grown to 38 employees at 2 locations. Bank of Lake Mills' money market rates are 11X the national average, and it has an A health rating.

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Health

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #	8695
Year Established	1893
Employees	38
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.96%
Return on Equity - YTD	18.05%
Annual Interest Income	$18.6MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$321MM$336.9MM
Loans	Q4 2023vs Q4 2022	$245.7MM$266.1MM
Deposits	Q4 2023vs Q4 2022	$253.6MM$260.9MM
Equity Capital	Q4 2023vs Q4 2022	$39.4MM$34MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$2.3MM$2.3MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$94K$119K
Real Estate Owned	Q4 2023vs Q4 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Lake Mills Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	-	-	Statement Savings
0.10%	-	-	Business Savings

Bank of Lake Mills Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%^*	$50k^*	-	High Yield Money Market Account Special - New Money
OTHER TIERS: 0.20% → Up to $50k
0.50%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.15% → Up to $2.5k \| 0.20% → $2.5k - $10k \| 0.30% → $10k - $25k \| 0.40% → $25k - $50k \| 0.45% → $50k - $100k
0.50%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.15% → Up to $2.5k \| 0.20% → $2.5k - $10k \| 0.30% → $10k - $25k \| 0.40% → $25k - $50k \| 0.45% → $50k - $100k

Bank of Lake Mills Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	-	$10k	Interest Advantage Checking
OTHER TIERS: 0.50% → $10k+

Bank of Lake Mills CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$2.5k	-	9 Month CD Special
4.90%	$2.5k	-	14 Month CD Special
4.60%	$2.5k	-	26 Month CD Special
0.70%	$500	-	4 Year CD
0.60%	$500	-	3 Year CD
0.55%	$500	-	30 Month CD
0.50%	$500	-	2 Year CD
0.45%	$500	-	18 Month CD
0.40%	$500	-	1 Year CD
0.40%	$500	-	1 Year SuperSaver CD
0.30%	$2.5k	-	182 Day CD
0.20%	$2.5k	-	91 Day CD

Bank of Lake Mills IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.90%	$2.5k	-	14 Month IRA Special
4.60%	$2.5k	-	26 Month IRA Special
0.70%	$500	-	4 Year IRA
0.60%	$500	-	3 Year IRA
0.55%	$500	-	30 Month IRA
0.50%	$500	-	2 Year IRA
0.45%	$100	-	18 Month Variable Rate IRA
0.45%	$500	-	18 Month IRA
0.40%	$500	-	1 Year IRA

Locations

Bank of Lake Mills Locations
Bank Of Lake Mills	136 E Madison St	Lake Mills, WI 53551
Watertown Branch	400 Bernard Street	Watertown, WI 53094

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