Overview / Commentary
Lake Country Community Bank is headquartered in Morristown and is the 267th largest bank in the state of Minnesota. It is also the 5,041st largest bank in the nation. It was established in 1928 and as of December of 2019, it had grown to 6 employees at 2 locations. Lake Country Community Bank's CD rates are 2X the national average, and it has a B+ health rating.
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional 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 Country Community Bank has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17122 |
| Year Established | 1928 |
| Employees | 6 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 4.01% |
| Annual Interest Income | $988.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $28.0MM$27.1MM |
| Loans | Q4 2019vs Q4 2018 | $11.1MM$13.7MM |
| Deposits | Q4 2019vs Q4 2018 | $24.6MM$23.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $2.8MM$2.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $246.00K$231.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $88.00K$0 |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |