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Lake Region Bank


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 142nd largest bank in the state of Minnesota. It is also the 3,752nd largest bank in the nation. It was established in 1915 and as of December of 2019, it had grown to 35 employees at 3 locations. Lake Region Bank has a B+ health rating.

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Health
B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10965
Year Established1915
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD12.11%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$118.5MM$113.4MM
LoansQ4 2019vs Q4 2018$57.4MM$57.6MM
DepositsQ4 2019vs Q4 2018$105.8MM$101.4MM
Equity CapitalQ4 2019vs Q4 2018$11.2MM$10.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$536.00K$507.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.6MM$1.5MM
Real Estate OwnedQ4 2019vs Q4 2018$293.00K$570.00K
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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