Lake City Federal Bank


Overview / Commentary
651-345-3373
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 4,429th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 18 employees at 1 location. Lake City Federal Bank has a B+ health rating.

Reviews

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Health
B+
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 Established1934
Employees18
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD8.24%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$71.2MM$71.3MM
LoansQ4 2019vs Q4 2018$50.1MM$50.5MM
DepositsQ4 2019vs Q4 2018$60.5MM$60.6MM
Equity CapitalQ4 2019vs Q4 2018$9.3MM$8.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$757.00K$1.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$394.00K$341.00K
Real Estate OwnedQ4 2019vs Q4 2018$18.00K$18.00K
Rates

Rates for Lake City Federal Bank are currently being reviewed.

Locations


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

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