Overview / Commentary
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.
Health
B+
Data as of Q2 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 | 0.38% |
| Return on Equity - YTD | 3.82% |
| Annual Interest Income | $498.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $25.8MM$24.8MM |
| Loans | Q2 2019vs Q2 2018 | $12.5MM$15.9MM |
| Deposits | Q2 2019vs Q2 2018 | $22.5MM$21.8MM |
| Equity Capital | Q2 2019vs Q2 2018 | $2.7MM$2.4MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $234.00K$320.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $1,000$0 |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates
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Lake Country Community Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $15k | - | 12 Month CD Special - New Money |
Locations
| Lake Country Community Bank Locations | ||
|---|---|---|
| Lake Country Community Bank | 111 Division Street | Morristown, MN 55052 |
| Nerstrand Branch | 313 Main St., Po Box 128 | Nerstrand, MN 55053 |