Overview / Commentary
320-354-2011
51 Main Street
New London, MN 56273

Lake Region Bank is headquartered in New London and is the 155th largest bank in the state of Minnesota. It is also the 3,977th largest bank in the nation. It was established in 1915 and as of September of 2018, it had grown to 36 employees at 3 locations. Lake Region Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #10965
Year Established1915
Employees36
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD10.69%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$110.5MM$108.1MM
LoansQ3 2018vs Q3 2017$59.0MM$59.5MM
DepositsQ3 2018vs Q3 2017$98.5MM$96.2MM
Equity CapitalQ3 2018vs Q3 2017$10.4MM$10.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$466.00K$304.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.4MM$342.00K
Real Estate OwnedQ3 2018vs Q3 2017$342.00K$496.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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 Branch1690 South First StreetWillmar, MN 56201
Lake Region Bank51 Main StreetNew London, MN 56273
Branch Office219 Front StreetSunburg, MN 56289

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