Overview / Commentary
40 Chestnut Street West
Annandale, MN 55302

Lake Central Bank is headquartered in Annandale and is the 113th largest bank in the state of Minnesota. It is also the 3,384th largest bank in the nation. It was established in 1893 and as of December of 2018, it had grown to 34 employees at 2 locations. Lake Central Bank's CD rates are 34% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #10989
Year Established1893
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.79%
Return on Equity - YTD15.61%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$151.7MM$151.1MM
LoansQ4 2018vs Q4 2017$74.0MM$74.5MM
DepositsQ4 2018vs Q4 2017$133.0MM$132.6MM
Equity CapitalQ4 2018vs Q4 2017$17.7MM$16.9MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.0MM$968.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.5MM$1.3MM
Real Estate OwnedQ4 2018vs Q4 2017$35.00K$350.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Central Bank CD Rates

2.52%$1k-60 Month CD
2.52%$1k-Business 60 Month CD
2.32%$1k-60 Month One Time Step Up CD
2.32%$1k-Business 60 Month One Time Step Up CD
1.76%$1k-36 Month CD
1.76%$1k-Business 36 Month CD
1.51%$1k-24 Month CD
1.51%$1k-Business 24 Month CD
1.21%*$1k*-12 Month CD
OTHER TIERS: 0.75% $500 - $1k
1.21%*$1k*-Business 12 Month CD
OTHER TIERS: 0.75% $500 - $1k
0.75%$1k-182 Day CD
0.75%$1k-Business 182 Day CD
0.50%$1k-91 Day CD
0.50%$1k-Business 91 Day CD

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

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