Lake Central Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.61%	5-year CD	60 Month One Time Step Up CD 2.03% - National Average
0.75%	1-year CD	12 Month CD 2.45% - Barclays 12 Month Online CD
1.26%	3-year CD	36 Month CD 2.55% - Barclays 36 Month Online 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 3,463^rd largest bank in the nation. It was established in 1893 and as of June 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 Q2 2018

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Health Grade Components

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

Profit Margin
Return on Assets - YTD	2.17%
Return on Equity - YTD	19.11%
Annual Interest Income	$2.8MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$148.9MM$148.5MM
Loans	Q2 2018vs Q2 2017	$76.5MM$73.5MM
Deposits	Q2 2018vs Q2 2017	$130.0MM$130.0MM
Equity Capital	Q2 2018vs Q2 2017	$17.4MM$17.2MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$970.00K$1.0MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$1.2MM$1.4MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$928.00K

Rates

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CD

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

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