The Lake Bank

Overview / Commentary
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 3,577th largest bank in the nation. It was established in 1889 and as of September of 2019, it had grown to 28 employees at 3 locations. The Lake Bank has an A health rating.


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Health Grade Components

FDIC Certificate #12195
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD13.77%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$133.6MM$133.4MM
LoansQ3 2019vs Q3 2018$98.4MM$102.8MM
DepositsQ3 2019vs Q3 2018$116.6MM$120.4MM
Equity CapitalQ3 2019vs Q3 2018$13.6MM$12.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.2MM$1.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$228.00K$2.1MM
Real Estate OwnedQ3 2019vs Q3 2018$507.00K$561.00K
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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

1.15%$100-Variable IRA
0.25%--Regular Savings Account

The Lake Bank Checking Account Rates

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

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

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

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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