Lake City Federal Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.95%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.75%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.03%	Savings	Statement Savings Account 1.15% - CIT Bank Spring Savings

View all Lake City Federal Bank rates »

Overview / Commentary

www.lcfederal.com

201 East Marion Street
Lake City, MN 55041

Lake City Federal Bank is headquartered in Lake City and is the 208^th largest bank in the state of Minnesota. It is also the 4,899^th largest bank in the nation. It was established in 1934 and as of March of 2017, it had grown to 17 employees at 1 location. Lake City Federal Bank has a C+ health rating.

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Health

C+

Data as of Q1 2017

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	0.05%
Return on Equity - YTD	0.47%
Annual Interest Income	$582.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$70.6MM$68.8MM
Loans	Q1 2017vs Q1 2016	$52.4MM$50.3MM
Deposits	Q1 2017vs Q1 2016	$59.0MM$55.3MM
Equity Capital	Q1 2017vs Q1 2016	$7.7MM$7.6MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$4.7MM$2.5MM
Real Estate Owned	Q1 2017vs Q1 2016	$57.00K$664.00K

Rates

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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 Account

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 $2,500 \| 0.05% → $2,500 - $10k \| 0.10% → $10k - $25k

Lake City Federal Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$5k	-	61 Month CD Special
1.95%	$1k	-	60 Month CD
1.75%	$1k	-	48 Month CD
1.30%	$1k	-	36 Month CD
1.10%	$1k	-	18 Month CD
1.10%	$1k	-	24 Month CD
1.10%	$1k	-	30 Month CD (Renewals only)
1.10%	$5k	-	19 Month CD Special
0.75%	$1k	-	12 Month CD
0.45%	$1k	-	6 Month CD
0.30%	$1k	-	3 Month CD

Lake City Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%	$5k	-	61 Month IRA Special
1.95%	$1k	-	60 Month IRA
1.75%	$1k	-	48 Month IRA
1.30%	$1k	-	36 Month IRA
1.10%	$1k	-	24 Month IRA
1.10%	$1k	-	30 Month IRA (Renewals only)
1.10%	$5k	-	19 Month IRA Special
0.75%	$1k	-	12 Month IRA
0.75%	$1k	-	18 Month IRA
0.45%	$1k	-	6 Month IRA
0.30%	$1k	-	3 Month IRA

Locations

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