Lake City Federal Bank

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

Lake City Federal Bank is headquartered in Lake City and is the 200th largest bank in the state of Minnesota. It is also the 4,529th largest bank in the nation. It was established in 1934 and as of June of 2019, it had grown to 17 employees at 1 location. Lake City Federal Bank's CD rates are 89% higher than the national average, and it has a B+ 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 - YTD0.65%
Return on Equity - YTD5.31%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$69.3MM$71.8MM
LoansQ2 2019vs Q2 2018$49.4MM$51.5MM
DepositsQ2 2019vs Q2 2018$58.7MM$60.4MM
Equity CapitalQ2 2019vs Q2 2018$8.7MM$8.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$133.00K$1.1MM
Real Estate OwnedQ2 2019vs Q2 2018$18.00K$18.00K
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* 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

0.03%$100-Statement Savings
0.03%$100-IRA Statement Savings

Lake City Federal Bank Money Market Rates

0.15%*$25k*-Money Market Account
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $10k | 0.10% $10k - $25k
0.15%*$25k*-IRA Money Market Account
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $10k | 0.10% $10k - $25k

Lake City Federal Bank CD Rates

1.85%$1k-60 Month CD
1.80%$1k-48 Month CD
1.75%$1k-24 Month CD
1.75%$1k-30 Month CD (Renewals only)
1.75%$1k-36 Month CD
1.70%$1k-12 Month CD
1.70%$1k-18 Month CD
1.50%$1k-6 Month CD
1.35%$1k-3 Month CD

Lake City Federal Bank IRA Rates

1.85%$1k-60 Month IRA
1.80%$1k-48 Month IRA
1.75%$1k-24 Month IRA
1.75%$1k-36 Month IRA
1.70%$1k-12 Month IRA
1.70%$1k-18 Month IRA
1.50%$1k-6 Month IRA
1.35%$1k-3 Month IRA

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

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