2. Lake Central Bank

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 110th largest bank in the state of Minnesota. It is also the 3,302nd largest bank in the nation. It was established in 1893 and as of June of 2019, it had grown to 35 employees at 2 locations. Lake Central Bank's CD rates are 34% higher than the national average, and it has an A health rating.

Reviews

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



Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10989
Year Established1893
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.42%
Return on Equity - YTD18.91%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$155.1MM$148.9MM
LoansQ2 2019vs Q2 2018$79.7MM$76.5MM
DepositsQ2 2019vs Q2 2018$132.7MM$130.0MM
Equity CapitalQ2 2019vs Q2 2018$21.3MM$17.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.0MM$970.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.4MM$1.2MM
Real Estate OwnedQ2 2019vs Q2 2018$35.00K$0
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$1k-60 Month CD
2.02%$1k-Business 60 Month CD
1.86%$1k-60 Month One Time Step Up CD
1.86%$1k-Business 60 Month One Time Step Up CD
1.51%$1k-36 Month CD
1.51%$1k-Business 36 Month CD
1.36%$1k-24 Month CD
1.36%$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 Bank40 Chestnut Street WestAnnandale, MN 55302
Clearwater Branch700 State Highway 24 NorthClearwater, 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]com 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.