Lake Central Bank
LOCATIONS
2
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HEALTH RATING
A
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CURRENT TOP RATE
1.76% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.61% | 5-year CD | |
| 0.75% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
| 1.26% | 3-year CD | 2.85% - Synchrony Bank 36 Month CD |
Overview / Commentary
Lake Central Bank is headquartered in Annandale and is the 115th largest bank in the state of Minnesota. It is also the 3,430th largest bank in the nation. It was established in 1893 and as of September of 2018, it had grown to 34 employees at 2 locations. Lake Central Bank has an A health rating.
Health
A
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10989 |
| Year Established | 1893 |
| Employees | 34 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.01% |
| Return on Equity - YTD | 17.57% |
| Annual Interest Income | $4.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $149.5MM$150.6MM |
| Loans | Q3 2018vs Q3 2017 | $79.0MM$74.8MM |
| Deposits | Q3 2018vs Q3 2017 | $130.5MM$131.9MM |
| Equity Capital | Q3 2018vs Q3 2017 | $17.4MM$17.6MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $971.00K$969.00K |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.2MM$1.3MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $35.00K$426.00K |
Rates
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Lake Central Bank CD Rates
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 |