Lake City Federal Bank
LOCATIONS
1
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
2.25% APY
60 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.25% | 5-year CD | 60 Month CD |
| 1.30% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
| 0.03% | Savings | Statement Savings |
Overview / Commentary
Lake City Federal Bank is headquartered in Lake City and is the 201st largest bank in the state of Minnesota. It is also the 4,647th largest bank in the nation. It was established in 1934 and as of June of 2018, it had grown to 16 employees at 1 location. Lake City Federal Bank's CD rates are 44% higher than the national average, and it has a B+ health rating.
Health
B+
Data as of Q2 2018
Learn why bank health mattersAdditional 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 | 0.48% |
| Return on Equity - YTD | 4.33% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $71.8MM$71.6MM |
| Loans | Q2 2018vs Q2 2017 | $51.5MM$53.7MM |
| Deposits | Q2 2018vs Q2 2017 | $60.4MM$58.9MM |
| Equity Capital | Q2 2018vs Q2 2017 | $8.0MM$7.8MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $1.2MM$1.2MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $1.1MM$4.7MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $18.00K$57.00K |
Rates
Skip to rates for:
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 |
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 $2.5k | 0.05% → $2.5k - $10k | 0.10% → $10k - $25k | |||||
Lake City Federal Bank CD Rates
Locations
| Lake City Federal Bank Locations | ||
|---|---|---|
| Lake City Federal Bank | 201 East Marion Street | Lake City, MN 55041 |