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 201st largest bank in the state of Minnesota. It is also the 4,647th largest bank in the nation. It was established in 1934 and as of June of 2018, it had grown to 16 employees at 1 location. Lake City Federal Bank's CD rates are 44% higher than the national average, and it has a B+ health rating.

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Health
B+
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 - YTD0.48%
Return on Equity - YTD4.33%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$71.8MM$71.6MM
LoansQ2 2018vs Q2 2017$51.5MM$53.7MM
DepositsQ2 2018vs Q2 2017$60.4MM$58.9MM
Equity CapitalQ2 2018vs Q2 2017$8.0MM$7.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.1MM$4.7MM
Real Estate OwnedQ2 2018vs Q2 2017$18.00K$57.00K
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$100-Statement Savings

Lake City Federal Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month CD
2.20%$1k-48 Month CD
1.90%$1k-36 Month CD
1.65%$1k-30 Month CD (Renewals only)
1.60%$1k-24 Month CD
1.40%$1k-18 Month CD
1.30%$1k-12 Month CD
0.60%$1k-6 Month CD
0.45%$1k-3 Month CD
Locations


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

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