Lake Central Bank
LOCATIONS
2
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HEALTH RATING
B+
View health report
CURRENT TOP RATE
1.00% APY
60 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.90% | 5-year CD | 60 Month One Time Step Up CD 2.35% - Synchrony Bank 60 Month CD |
| 0.30% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.85% | 3-year CD | 36 Month CD 1.85% - Synchrony Bank 36 Month CD |
Overview / Commentary
Lake Central Bank is headquartered in Annandale and is the 118th largest bank in the state of Minnesota. It is also the 3,672nd largest bank in the nation. It was established in 1893 and as of March of 2017, it had grown to 33 employees at 2 locations. Lake Central Bank has a B+ health rating.
Health
B+
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10989 |
| Year Established | 1893 |
| Employees | 33 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 7.86% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $142.5MM$135.0MM |
| Loans | Q1 2017vs Q1 2016 | $71.9MM$67.9MM |
| Deposits | Q1 2017vs Q1 2016 | $124.2MM$116.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $16.7MM$16.6MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.1MM$1.1MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.8MM$2.1MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $952.00K$1.1MM |
Rates
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Lake Central Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 60 Month CD | |
| 0.90% | $1k | - | 60 Month One Time Step Up CD | |
| 0.85% | $1k | - | 36 Month CD | |
| 0.60% | $1k | - | 24 Month CD | |
| 0.30% | $500 | - | 12 Month CD | |
| 0.15% | $1k | - | 182 Day CD | |
| 0.10% | $1k | - | 91 Day CD |
Locations
| Lake Central Bank Locations | ||
|---|---|---|
| Annandale State Bank | 40 Chestnut Street West | Annandale, MN 55302 |
| Clearwater Branch | 700 State Highway 24 North | Clearwater, MN 55320 |