Lake City Federal Bank

Overview | Receive alerts for this bank

LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.95%	5-year CD	60 Month CD 2.25% - Ally Bank High Yield 5 Year CD
1.00%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.03%	Savings	Statement Savings Account 1.30% - Goldman Sachs Bank USA Online Savings

View all Lake City Federal Bank rates »

Overview / Commentary

www.lcfederal.com

651-345-3373

201 East Marion Street
Lake City, MN 55041

Lake City Federal Bank is headquartered in Lake City and is the 209^th largest bank in the state of Minnesota. It is also the 4,826^th largest bank in the nation. It was established in 1934 and as of June of 2017, it had grown to 16 employees at 1 location. Lake City Federal Bank's CD rates are 11% higher than the national average, but it has a C health rating.

Reviews

Write a Review

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

Health

C

Data as of Q2 2017

Learn why bank health matters

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

Overall
FDIC Certificate #	29049
Year Established	1934
Employees	16
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	2.38%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$71.6MM$72.1MM
Loans	Q2 2017vs Q2 2016	$53.7MM$51.6MM
Deposits	Q2 2017vs Q2 2016	$58.9MM$58.4MM
Equity Capital	Q2 2017vs Q2 2016	$7.8MM$7.8MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$4.7MM$2.3MM
Real Estate Owned	Q2 2017vs Q2 2016	$57.00K$648.00K

Rates

Skip to rates for:

Savings
Money Market
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Lake City Federal 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 City Federal Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	$100	-	Statement Savings Account

Lake City Federal Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$25k^*	-	Money Market Account
OTHER TIERS: 0.03% → Up to $2,500 \| 0.05% → $2,500 - $10k \| 0.10% → $10k - $25k

Lake City Federal Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$5k	-	61 Month CD Special
1.95%	$1k	-	60 Month CD
1.75%	$1k	-	48 Month CD
1.55%	$1k	-	36 Month CD
1.50%	$5k	-	25 Month CD Specials
1.35%	$1k	-	30 Month CD (Renewals only)
1.35%	$5k	-	13 Month CD Specials
1.14%	$1k	-	24 Month CD
1.05%	$1k	-	18 Month CD
1.00%	$1k	-	12 Month CD
0.60%	$1k	-	6 Month CD
0.45%	$1k	-	3 Month CD

Lake City Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$5k	-	61 Month IRA Special
1.95%	$1k	-	60 Month IRA
1.75%	$1k	-	48 Month IRA
1.55%	$1k	-	36 Month IRA
1.50%	$5k	-	25 Month IRA Specials
1.35%	$1k	-	30 Month IRA (Renewals only)
1.35%	$5k	-	13 Month IRA Specials
1.14%	$1k	-	24 Month IRA
1.05%	$1k	-	18 Month IRA
1.00%	$1k	-	12 Month IRA
0.60%	$1k	-	6 Month IRA
0.45%	$1k	-	3 Month IRA

Locations

Lake City Federal Bank Locations
Lake City Federal Bank	201 East Marion Street	Lake City, MN 55041