Lake Region Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.50%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
0.25%	1-year CD	2.65% - Barclays 12 Month Online CD
0.03%	Savings	2.00% - Ally Bank Online Savings Account

View all Lake Region Bank rates »

Overview / Commentary

www.lakeregion.com

320-354-2011

51 Main Street
New London, MN 56273

Lake Region Bank is headquartered in New London and is the 155^th largest bank in the state of Minnesota. It is also the 3,977^th 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

B

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10965
Year Established	1915
Employees	36
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	10.69%
Annual Interest Income	$3.2MM

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$110.5MM$108.1MM
Loans	Q3 2018vs Q3 2017	$59.0MM$59.5MM
Deposits	Q3 2018vs Q3 2017	$98.5MM$96.2MM
Equity Capital	Q3 2018vs Q3 2017	$10.4MM$10.2MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$466.00K$304.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$1.4MM$342.00K
Real Estate Owned	Q3 2018vs Q3 2017	$342.00K$496.00K

Rates

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CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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
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

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