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Overview / Commentary
201 East Marion Street
Lake City, MN 55041

Lake City Federal Bank is headquartered in Lake City and is the 208th largest bank in the state of Minnesota. It is also the 4,905th largest bank in the nation. It was established in 1934 and as of December of 2016, it had grown to 17 employees at 1 location. Lake City Federal Bank has a C+ health rating.


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Lake City Federal Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #29049
Year Established1934
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.23%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$71.9MM$68.0MM
LoansQ4 2016vs Q4 2015$53.0MM$49.3MM
DepositsQ4 2016vs Q4 2015$59.4MM$54.6MM
Equity CapitalQ4 2016vs Q4 2015$7.7MM$7.5MM
Loan Loss AllowanceQ4 2016vs Q4 2015$1.1MM$1.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$4.0MM$2.5MM
Real Estate OwnedQ4 2016vs Q4 2015$57.00K$664.00K

Rates for Lake City Federal Bank are currently being reviewed.


Lake City Federal Bank Locations
Lake City Federal Bank201 East Marion StreetLake City, MN 55041