Lake City Federal Bank is headquartered in Lake City and is the 200th largest bank in the state of Minnesota. It is also the 4,429th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 18 employees at 1 location. Lake City Federal Bank has a B+ health rating.
|FDIC Certificate #||29049|
|Return on Assets - YTD||1.04%|
|Return on Equity - YTD||8.24%|
|Annual Interest Income||$2.7MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$71.2MM$71.3MM|
|Loans||Q4 2019vs Q4 2018||$50.1MM$50.5MM|
|Deposits||Q4 2019vs Q4 2018||$60.5MM$60.6MM|
|Equity Capital||Q4 2019vs Q4 2018||$9.3MM$8.3MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$757.00K$1.2MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$394.00K$341.00K|
|Real Estate Owned||Q4 2019vs Q4 2018||$18.00K$18.00K|
Rates for Lake City Federal Bank are currently being reviewed.
|Lake City Federal Bank Locations|
|Lake City Federal Bank||201 East Marion Street||Lake City, MN 55041|