Lake Central Bank
LOCATIONS
2
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HEALTH RATING
A
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CURRENT TOP RATE
1.00% APY
60 Month CD
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Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.90% | 5-year CD | 60 Month One Time Step Up CD 2.25% - Ally Bank High Yield 5 Year CD |
| 0.30% | 1-year CD | 12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.85% | 3-year CD | 36 Month CD 1.60% - Ally Bank High Yield 3 Year CD |
Overview / Commentary
Lake Central Bank is headquartered in Annandale and is the 115th largest bank in the state of Minnesota. It is also the 3,541st largest bank in the nation. It was established in 1893 and as of June of 2017, it had grown to 33 employees at 2 locations. Lake Central Bank has an A health rating.
Health
A
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10989 |
| Year Established | 1893 |
| Employees | 33 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 8.72% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $148.5MM$140.8MM |
| Loans | Q2 2017vs Q2 2016 | $73.5MM$73.2MM |
| Deposits | Q2 2017vs Q2 2016 | $130.0MM$121.5MM |
| Equity Capital | Q2 2017vs Q2 2016 | $17.2MM$17.1MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $1.0MM$1.1MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.4MM$2.0MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $928.00K$1,000.00K |
Rates
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Lake Central Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 |