Featured Savings Rates
Featured Accounts

Lake City Federal Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.95%5-year CD60 Month CD
1.00%1-year CD12 Month CD
0.03%SavingsStatement Savings Account

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 206th largest bank in the state of Minnesota. It is also the 4,779th largest bank in the nation. It was established in 1934 and as of September of 2017, it had grown to 16 employees at 1 location. Lake City Federal Bank's CD rates are 11% higher than the national average, but it has a C health rating.

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Health
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
Employees16
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.29%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$73.0MM$70.8MM
LoansQ3 2017vs Q3 2016$54.0MM$52.3MM
DepositsQ3 2017vs Q3 2016$59.6MM$58.2MM
Equity CapitalQ3 2017vs Q3 2016$7.9MM$7.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.2MM$1.2MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$4.2MM$2.5MM
Real Estate OwnedQ3 2017vs Q3 2016$57.00K$479.00K
Rates
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Lake City Federal Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$100-Statement Savings Account

Lake City Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$1k-60 Month CD
1.75%$1k-48 Month CD
1.55%$1k-36 Month CD
1.35%$1k-30 Month CD (Renewals only)
1.14%$1k-24 Month CD
1.05%$1k-18 Month CD
1.00%$1k-12 Month CD
0.60%$1k-6 Month CD
0.45%$1k-3 Month CD

Lake City Federal Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$1k-60 Month IRA
1.75%$1k-48 Month IRA
1.55%$1k-36 Month IRA
1.35%$1k-30 Month IRA (Renewals only)
1.14%$1k-24 Month IRA
1.05%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.60%$1k-6 Month IRA
0.45%$1k-3 Month IRA
Locations


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