Lake Central Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.32%	5-year CD	2.27% - National Average
1.21%	1-year CD	1.37% - National Average
1.76%	3-year CD	1.87% - National Average

View all Lake Central Bank rates »

Overview / Commentary

www.lakecentralbank.com

320-274-8216

40 Chestnut Street West
Annandale, MN 55302

Lake Central Bank is headquartered in Annandale and is the 113^th largest bank in the state of Minnesota. It is also the 3,384^th 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

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10989
Year Established	1893
Employees	34
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.79%
Return on Equity - YTD	15.61%
Annual Interest Income	$5.7MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$151.7MM$151.1MM
Loans	Q4 2018vs Q4 2017	$74.0MM$74.5MM
Deposits	Q4 2018vs Q4 2017	$133.0MM$132.6MM
Equity Capital	Q4 2018vs Q4 2017	$17.7MM$16.9MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$1.0MM$968.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$1.5MM$1.3MM
Real Estate Owned	Q4 2018vs Q4 2017	$35.00K$350.00K

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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Lake Central Bank Locations
Annandale State Bank	40 Chestnut Street West	Annandale, MN 55302
Clearwater Branch	700 State Highway 24 North	Clearwater, MN 55320

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