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.
Overall | |
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FDIC Certificate # | 29049 |
Year Established | 1934 |
Employees | 17 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.65% |
Return on Equity - YTD | 5.31% |
Annual Interest Income | $1.4MM |
Assets and Liabilities | ||
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Assets | Q2 2019vs Q2 2018 | $69.3MM$71.8MM |
Loans | Q2 2019vs Q2 2018 | $49.4MM$51.5MM |
Deposits | Q2 2019vs Q2 2018 | $58.7MM$60.4MM |
Equity Capital | Q2 2019vs Q2 2018 | $8.7MM$8.0MM |
Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.2MM$1.2MM |
Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $133.00K$1.1MM |
Real Estate Owned | Q2 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.03% | $100 | - | Statement Savings | |
0.03% | $100 | - | IRA Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 | ||
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Lake City Federal Bank | 201 East Marion Street | Lake City, MN 55041 |