Overview / Commentary
218-834-2111
613 First Avenue
Two Harbors, MN 55616

The Lake Bank is headquartered in Two Harbors and is the 127th largest bank in the state of Minnesota. It is also the 3,649th largest bank in the nation. It was established in 1889 and as of September of 2018, it had grown to 26 employees at 3 locations. The Lake Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #12195
Year Established1889
Employees26
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD15.68%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$133.4MM$136.4MM
LoansQ3 2018vs Q3 2017$102.8MM$100.5MM
DepositsQ3 2018vs Q3 2017$120.4MM$124.2MM
Equity CapitalQ3 2018vs Q3 2017$12.5MM$11.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.4MM$1.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.1MM$3.6MM
Real Estate OwnedQ3 2018vs Q3 2017$561.00K$742.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Lake Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$100-Variable IRA
0.25%--Regular Savings Account

The Lake Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$10k*-Investment Checking Account
OTHER TIERS: 0.05% Up to $3k | 0.10% $3k - $10k
0.10%*$1k*-Loyalty Checking Account
OTHER TIERS: 0.05% Up to $1k
0.10%*$50k*-Superior Checking
OTHER TIERS: 0.05% $500 - $50k

The Lake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$5k*-60 Month CD
OTHER TIERS: 1.55% $100 - $5k
1.50%*$5k*-48 Month CD
OTHER TIERS: 1.45% $100 - $5k
1.40%*$5k*-36 Month CD
OTHER TIERS: 1.35% $100 - $5k
1.15%*$5k*-24 Month CD
OTHER TIERS: 1.10% $100 - $5k
0.95%*$5k*-18 Month CD
OTHER TIERS: 0.90% $100 - $5k
0.75%*$5k*-12 Month CD
OTHER TIERS: 0.70% $100 - $5k
0.50%*$5k*-6 Month CD
OTHER TIERS: 0.45% $100 - $5k

The Lake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$100-60 Month Fixed IRA
1.50%$100-48 Month Fixed IRA
1.40%$100-36 Month Fixed IRA
1.15%$100-24 Month Fixed IRA
0.95%$100-18 Month Fixed IRA
0.75%$100-12 Month Fixed IRA
0.50%$100-6 Month Fixed IRA
Locations


The Lake Bank Locations
The Lake Bank613 First AvenueTwo Harbors, MN 55616
Silver Bay Branch88 Outer DriveSilver Bay, MN 55614
Super One Branch802 11th StreetTwo Harbors, MN 55616

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