Lake Region Bank

Overview / Commentary
51 Main Street
New London, MN 56273

Lake Region Bank is headquartered in New London and is the 142nd largest bank in the state of Minnesota. It is also the 3,705th largest bank in the nation. It was established in 1915 and as of March of 2020, it had grown to 36 employees at 3 locations. Lake Region Bank has a B+ health rating.


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Health Grade Components

FDIC Certificate #10965
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD11.23%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$119.7MM$112.7MM
LoansQ1 2020vs Q1 2019$57.3MM$58.0MM
DepositsQ1 2020vs Q1 2019$106.7MM$99.8MM
Equity CapitalQ1 2020vs Q1 2019$11.5MM$11.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$572.00K$531.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.6MM$1.2MM
Real Estate OwnedQ1 2020vs Q1 2019$0$570.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Region Bank Savings Account Rates

0.30%*$100k*-Premium Savings Account
OTHER TIERS: 0.03% $2.5k - $10k | 0.07% $10k - $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.03%$25-Basic Savings Account
0.03%$25-Kids Cash Club
0.03%$25-Teen Savers Account

Lake Region Bank CD Rates

1.50%$1k-60 Month CD
1.10%$1k-48 Month CD
0.75%$1k-36 Month CD
0.45%$1k-24 Month CD
0.25%$1k-12 Month CD
0.10%$1k-182 Day CD

Lake Region Bank IRA Rates

1.50%$1k-60 Month IRA
1.10%$1k-48 Month IRA
0.75%$1k-36 Month IRA
0.45%$1k-24 Month IRA
0.25%$1k-12 Month IRA
0.10%$1k-182 Day IRA

Lake Region Bank Locations
Willmar Branch1690 South First StreetWillmar, MN 56201
Lake Region Bank51 Main StreetNew London, MN 56273
Branch Office219 Front StreetSunburg, MN 56289

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