Lake City Federal Bank

Overview / Commentary
201 East Marion Street
Lake City, MN 55041-1000

Lake City Federal Bank is headquartered in Lake City and is the 198th largest bank in the state of Minnesota. It is also the 4,374th largest bank in the nation. It was established in 1934 and as of March of 2020, it had grown to 18 employees at 1 location. Lake City Federal Bank has a B+ health rating.


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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

FDIC Certificate #29049
Year Established1934
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD2.24%
Annual Interest Income$671.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$72.2MM$69.6MM
LoansQ1 2020vs Q1 2019$51.1MM$49.8MM
DepositsQ1 2020vs Q1 2019$60.2MM$58.7MM
Equity CapitalQ1 2020vs Q1 2019$9.6MM$8.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$758.00K$1.2MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$338.00K$133.00K
Real Estate OwnedQ1 2020vs Q1 2019$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.

Lake City Federal Bank Savings Account Rates

0.03%$100-Statement Savings
0.03%$100-IRA Statement Savings

Lake City Federal Bank Money Market Rates

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

1.00%$1k-60 Month CD
0.90%$1k-48 Month CD
0.85%$1k-36 Month CD
0.80%$1k-24 Month CD
0.80%$1k-30 Month CD (Renewals only)
0.75%$1k-12 Month CD
0.75%$1k-18 Month CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD

Lake City Federal Bank IRA Rates

1.00%$1k-60 Month IRA
0.90%$1k-48 Month IRA
0.85%$1k-36 Month IRA
0.80%$1k-24 Month IRA
0.75%$1k-12 Month IRAs
0.75%$1k-18 Month IRA
0.35%$1k-6 Month IRA
0.25%$1k-3 Month IRA

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

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