Lake City Federal Bank

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 200^th largest bank in the state of Minnesota. It is also the 4,529^th largest bank in the nation. It was established in 1934 and as of June of 2019, it had grown to 17 employees at 1 location. Lake City Federal Bank's CD rates are 89% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2019

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	0.65%
Return on Equity - YTD	5.31%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$69.3MM$71.8MM
Loans	Q2 2019vs Q2 2018	$49.4MM$51.5MM
Deposits	Q2 2019vs Q2 2018	$58.7MM$60.4MM
Equity Capital	Q2 2019vs Q2 2018	$8.7MM$8.0MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$1.2MM$1.2MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$133.00K$1.1MM
Real Estate Owned	Q2 2019vs Q2 2018	$18.00K$18.00K

Rates

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Savings
Money Market
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Lake City Federal Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.85%	$1k	-	60 Month CD
1.80%	$1k	-	48 Month CD
1.75%	$1k	-	24 Month CD
1.75%	$1k	-	30 Month CD (Renewals only)
1.75%	$1k	-	36 Month CD
1.70%	$1k	-	12 Month CD
1.70%	$1k	-	18 Month CD
1.50%	$1k	-	6 Month CD
1.35%	$1k	-	3 Month CD

Lake City Federal Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.85%	$1k	-	60 Month IRA
1.80%	$1k	-	48 Month IRA
1.75%	$1k	-	24 Month IRA
1.75%	$1k	-	36 Month IRA
1.70%	$1k	-	12 Month IRA
1.70%	$1k	-	18 Month IRA
1.50%	$1k	-	6 Month IRA
1.35%	$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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