Featured Savings Rates
Featured Accounts

The Lake Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.50%5-year CD60 Month CD
0.75%1-year CD12 Month CD
0.25%SavingsRegular Savings Account

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

The Lake Bank is headquartered in Two Harbors and is the 129th largest bank in the state of Minnesota. It is also the 3,856th largest bank in the nation. It was established in 1889 and as of March of 2017, it had grown to 27 employees at 3 locations. The Lake Bank has a C+ health rating.

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Health
C+

Health Grade Components

Overall
FDIC Certificate #12195
Year Established1889
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD9.99%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$129.0MM$120.9MM
LoansQ1 2017vs Q1 2016$100.5MM$88.9MM
DepositsQ1 2017vs Q1 2016$117.4MM$108.7MM
Equity CapitalQ1 2017vs Q1 2016$11.1MM$10.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.6MM$1.8MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$4.0MM$3.4MM
Real Estate OwnedQ1 2017vs Q1 2016$1.4MM$1.9MM
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
1.05%$100-Variable IRA
0.25%--Regular Savings Account

The Lake Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Money Market Checking Account
OTHER TIERS: 0.05% $500 - $50k

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

The Lake Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$5k*-60 Month CD
OTHER TIERS: 1.40% $100 - $5k
1.35%*$5k*-48 Month CD
OTHER TIERS: 1.25% $100 - $5k
1.15%*$5k*-36 Month CD
OTHER TIERS: 1.05% $100 - $5k
1.05%*$5k*-24 Month CD
OTHER TIERS: 0.95% $100 - $5k
0.90%*$5k*-18 Month CD
OTHER TIERS: 0.80% $100 - $5k
0.75%*$5k*-12 Month CD
OTHER TIERS: 0.70% $100 - $5k
0.40%*$5k*-6 Month CD
OTHER TIERS: 0.35% $100 - $5k

The Lake Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$100-60 Month Fixed IRA
1.35%$100-48 Month Fixed IRA
1.15%$100-36 Month Fixed IRA
1.05%$100-24 Month Fixed IRA
0.90%$100-18 Month Fixed IRA
0.75%$100-12 Month Fixed IRA
0.40%$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