Lake Country Community Bank


Overview / Commentary
507-685-2300
111 Division Street
Morristown, MN 55052

Lake Country Community Bank is headquartered in Morristown and is the 273rd largest bank in the state of Minnesota. It is also the 5,178th largest bank in the nation. It was established in 1928 and as of June 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.

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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 Country Community Bank has a low asset base.

Health Grade Components

Overall
FDIC Certificate #17122
Year Established1928
Employees6
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.82%
Annual Interest Income$498.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$25.8MM$24.8MM
LoansQ2 2019vs Q2 2018$12.5MM$15.9MM
DepositsQ2 2019vs Q2 2018$22.5MM$21.8MM
Equity CapitalQ2 2019vs Q2 2018$2.7MM$2.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$234.00K$320.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1,000$0
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Lake Country Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$15k-12 Month CD Special - New Money
Locations


Lake Country Community Bank Locations
Lake Country Community Bank111 Division StreetMorristown, MN 55052
Nerstrand Branch313 Main St., Po Box 128Nerstrand, MN 55053

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