Lake City Federal Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.70%	5-year CD	2.27% - National Average
2.06%	1-year CD	1.37% - National Average
0.03%	Savings	0.26% - National Average

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 201^st largest bank in the state of Minnesota. It is also the 4,575^th largest bank in the nation. It was established in 1934 and as of December of 2018, it had grown to 17 employees at 1 location. Lake City Federal Bank's CD rates are 2X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q4 2018

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	17
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.6%
Return on Equity - YTD	5.37%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$71.3MM$74.1MM
Loans	Q4 2018vs Q4 2017	$50.5MM$53.3MM
Deposits	Q4 2018vs Q4 2017	$60.6MM$61.9MM
Equity Capital	Q4 2018vs Q4 2017	$8.3MM$7.9MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$341.00K$3.9MM
Real Estate Owned	Q4 2018vs Q4 2017	$18.00K$18.00K

Rates

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Money Market
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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

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

Lake City Federal Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.70%	$1k	-	60 Month CD
2.60%	$1k	-	48 Month CD
2.50%	$1k	-	36 Month CD
2.25%	$1k	-	30 Month CD (Renewals only)
2.20%	$1k	-	24 Month CD
2.10%	$1k	-	18 Month CD
2.06%	$1k	-	12 Month CD
1.65%	$1k	-	6 Month CD
1.50%	$1k	-	3 Month CD

Lake City Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.70%	$1k	-	60 Month IRA
2.60%	$1k	-	48 Month IRA
2.50%	$1k	-	36 Month IRA
2.20%	$1k	-	24 Month IRA
2.10%	$1k	-	18 Month IRA
2.06%	$1k	-	12 Month IRA
1.65%	$1k	-	6 Month IRA
1.50%	$1k	-	3 Month IRA

Locations

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

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