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Lake Central Bank

Popular Accounts at this Bank

0.90%5-year CD60 Month One Time Step Up CD
0.30%1-year CD12 Month CD
0.85%3-year CD36 Month CD

Overview / Commentary
40 Chestnut Street West
Annandale, MN 55302

Lake Central Bank is headquartered in Annandale and is the 115th largest bank in the state of Minnesota. It is also the 3,483rd largest bank in the nation. It was established in 1893 and as of December of 2017, it had grown to 34 employees at 2 locations. Lake Central Bank has an A health rating.


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Health Grade Components

FDIC Certificate #10989
Year Established1893
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD11.96%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$151.1MM$143.2MM
LoansQ4 2017vs Q4 2016$74.5MM$72.5MM
DepositsQ4 2017vs Q4 2016$132.6MM$125.3MM
Equity CapitalQ4 2017vs Q4 2016$16.9MM$16.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$968.00K$1.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.3MM$1.6MM
Real Estate OwnedQ4 2017vs Q4 2016$350.00K$997.00K
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Lake Central Bank CD Rates

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

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