Lake Region Bank
LOCATIONS
3
View locations
HEALTH RATING
C+
View health report
CURRENT TOP RATE
1.50% APY
60 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.50% | 5-year CD | 2.27% - National Average |
| 0.25% | 1-year CD | 1.37% - National Average |
| 0.03% | Savings | 0.26% - National Average |
Overview / Commentary
Lake Region Bank is headquartered in New London and is the 149th largest bank in the state of Minnesota. It is also the 3,914th largest bank in the nation. It was established in 1915 and as of December of 2018, it had grown to 36 employees at 3 locations. Lake Region Bank has a C+ health rating.
Health
C+
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10965 |
| Year Established | 1915 |
| Employees | 36 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 10.86% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $113.4MM$113.6MM |
| Loans | Q4 2018vs Q4 2017 | $57.6MM$59.6MM |
| Deposits | Q4 2018vs Q4 2017 | $101.4MM$101.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $10.5MM$10.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $507.00K$364.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.5MM$329.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $570.00K$350.00K |
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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
Lake Region Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 |
Locations
| Lake Region Bank Locations | ||
|---|---|---|
| Willmar Branch | 1690 South First Street | Willmar, MN 56201 |
| Lake Region Bank | 51 Main Street | New London, MN 56273 |
| Branch Office | 219 Front Street | Sunburg, MN 56289 |