Overview / Commentary
320-274-8216
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 3,430th 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.

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Health

Health Grade Components

Overall
FDIC Certificate #10989
Year Established1893
Employees34
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.01%
Return on Equity - YTD17.57%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$149.5MM$150.6MM
LoansQ3 2018vs Q3 2017$79.0MM$74.8MM
DepositsQ3 2018vs Q3 2017$130.5MM$131.9MM
Equity CapitalQ3 2018vs Q3 2017$17.4MM$17.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$971.00K$969.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.2MM$1.3MM
Real Estate OwnedQ3 2018vs Q3 2017$35.00K$426.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$1k-60 Month CD
1.76%$1k-Business 60 Month CD
1.61%$1k-60 Month One Time Step Up CD
1.61%$1k-Business 60 Month One Time Step Up CD
1.26%$1k-36 Month CD
1.26%$1k-Business 36 Month CD
1.00%$1k-24 Month CD
1.00%$1k-Business 24 Month CD
0.75%$500-12 Month CD
0.75%$500-Business 12 Month CD
0.40%$1k-182 Day CD
0.40%$1k-Business 182 Day CD
0.30%$1k-91 Day CD
0.30%$1k-Business 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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