Lake Country Community Bank

Overview / Commentary
111 Division Street
Morristown, MN 55052

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.


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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

FDIC Certificate #17122
Year Established1928
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.01%
Annual Interest Income$988.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$28.0MM$27.1MM
LoansQ4 2019vs Q4 2018$11.1MM$13.7MM
DepositsQ4 2019vs Q4 2018$24.6MM$23.9MM
Equity CapitalQ4 2019vs Q4 2018$2.8MM$2.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$246.00K$231.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$88.00K$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Lake Country Community Bank CD Rates

2.00%$15k-12 Month CD Special - New Money

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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