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Lake Central Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
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
320-274-8216
40 Chestnut Street West
Annandale, MN 55302

Lake Central Bank is headquartered in Annandale and is the 116th largest bank in the state of Minnesota. It is also the 3,493rd largest bank in the nation. It was established in 1893 and as of March of 2018, it had grown to 34 employees at 2 locations. Lake Central Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10989
Year Established1893
Employees34
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.96%
Return on Equity - YTD17.48%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$148.2MM$142.5MM
LoansQ1 2018vs Q1 2017$72.6MM$71.9MM
DepositsQ1 2018vs Q1 2017$130.0MM$124.2MM
Equity CapitalQ1 2018vs Q1 2017$16.7MM$16.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$969.00K$1.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.2MM$1.8MM
Real Estate OwnedQ1 2018vs Q1 2017$0$952.00K
Rates
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Lake Central Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW 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 Bank40 Chestnut Street WestAnnandale, MN 55302
Clearwater Branch700 State Highway 24 NorthClearwater, MN 55320

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