Lake Central Bank

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 3,251^st largest bank in the nation. It was established in 1893 and as of March of 2020, it had grown to 35 employees at 2 locations. Lake Central Bank has an A+ health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10989
Year Established	1893
Employees	35
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	4.35%
Return on Equity - YTD	31.51%
Annual Interest Income	$2.4MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$157.7MM$149.6MM
Loans	Q1 2020vs Q1 2019	$83.5MM$76.4MM
Deposits	Q1 2020vs Q1 2019	$135.0MM$129.3MM
Equity Capital	Q1 2020vs Q1 2019	$21.8MM$19.3MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$1.4MM$1.0MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$380.00K$1.4MM
Real Estate Owned	Q1 2020vs Q1 2019	$100.00K$35.00K

Rates

Skip to rates for:

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Lake Central Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.75%	$1k	-	60 Month CD
0.75%	$1k	-	Business 60 Month CD
0.60%	$1k	-	60 Month One Time Step Up CD
0.60%	$1k	-	Business 60 Month One Time Step Up CD
0.55%	$1k	-	36 Month CD
0.55%	$1k	-	Business 36 Month CD
0.50%	$1k	-	24 Month CD
0.50%	$1k	-	Business 24 Month CD
0.40%^*	$1k^*	-	12 Month CD
OTHER TIERS: 0.35% → $500 - $1k
0.40%^*	$1k^*	-	Business 12 Month CD
OTHER TIERS: 0.35% → $500 - $1k
0.25%	$1k	-	182 Day CD
0.25%	$1k	-	Business 182 Day CD
0.22%	$1k	-	91 Day CD
0.22%	$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.