First Bank of the Lake is headquartered in OSAGE BEACH and is the 22nd largest bank in the state of Missouri. It is also the 716th largest bank in the nation. It was established in 1987 and as of December of 2024, it had grown to 278 employees at 1 location. First Bank of the Lake has an A health rating.
Rates And Newuser Setup
I recently opened a CD account mid December 2024. The process to apply requires more information than other banks but was approved same day. If your credit report indicates identify theft you will need to provide additional information. Money was deposited within 5 business days. As of 12/30/2024 they have several CD specials with 1000.00 minimum to open here are some: 7 month at 4.85 APY, 9 and 15 month at 4.30 APY. Their savings and MMA accounts don't offer good rates unless you have over 250k. Has Android app for easier online access.
Data as of Q4 2024
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 26960 |
| Year Established | 1987 |
| Employees | 278 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 12.02% |
| Annual Interest Income | $106.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.57B$972.8MM |
| Loans | Q4 2024vs Q4 2023 | $1.5B$900.6MM |
| Deposits | Q4 2024vs Q4 2023 | $1.4B$845.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $112.7MM$77.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $7.9MM$3MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2.9MM$0 |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |