Lake Central Bank


Overview / Commentary
320-274-8216
40 Chestnut Street West
Annandale, MN 55302

Lake Central Bank is headquartered in ANNANDALE and is the 94th largest bank in the state of Minnesota. It is also the 2,644th largest bank in the nation. It was established in 1893 and as of March of 2025, it had grown to 36 employees at 3 locations. Lake Central Bank has an A+ health rating.

Reviews

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Health
A+

Health Grade Components

Overall
FDIC Certificate #10989
Year Established1893
Employees36
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.57%
Return on Equity - YTD16.98%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$270.4MM$216.9MM
LoansQ1 2025vs Q1 2024$160.2MM$109.7MM
DepositsQ1 2025vs Q1 2024$242.1MM$192MM
Equity CapitalQ1 2025vs Q1 2024$25.8MM$13.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2.2MM$1.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$126K$31K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Lake Central Bank are currently being reviewed.

Locations


Lake Central Bank Locations
Annandale State Bank40 Chestnut St WAnnandale, MN 55302
Clearwater Branch700 State Highway 24 NorthClearwater, MN 55320

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