Lake Central Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.90%	5-year CD	60 Month One Time Step Up CD 2.85% - Barclays 60 Month Online CD
0.30%	1-year CD	12 Month CD 2.35% - Synchrony Bank 14 Month CD Special
0.85%	3-year CD	36 Month CD 2.55% - Synchrony Bank 36 Month CD

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 116^th largest bank in the state of Minnesota. It is also the 3,493^rd 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

A

Data as of Q1 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	1.96%
Return on Equity - YTD	17.48%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$148.2MM$142.5MM
Loans	Q1 2018vs Q1 2017	$72.6MM$71.9MM
Deposits	Q1 2018vs Q1 2017	$130.0MM$124.2MM
Equity Capital	Q1 2018vs Q1 2017	$16.7MM$16.7MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$969.00K$1.1MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$1.2MM$1.8MM
Real Estate Owned	Q1 2018vs Q1 2017	$0$952.00K

Rates

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CD

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Lake Central Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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 Bank	40 Chestnut Street West	Annandale, MN 55302
Clearwater Branch	700 State Highway 24 North	Clearwater, MN 55320

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