Lake Central Bank

40 Chestnut Street West
Annandale, MN 55302

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10989
Date Established 1893
Assets $0.15 billion
Loans $0.07 billion
Deposits $0.13 billion
Capital $0.02 billion

Lake Central Bank is an FDIC insured institution located in Annandale, MN. It was founded in 1893 and has approximately $0.15 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of Lake Central Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Lake Central Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Lake Central Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.33
Multifamily
Mortgages
1.14
Credit Card Loans 0.00
Consumer Auto Loans 0.32
Small Business Loans 21.15
Construction and Development Loans 3.36
Commercial Real Estate 31.67
Commercial and Industrial Loans 13.66
Farm Loans 0.97

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.10% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.30% $500 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.05% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.05% $1,000 $9,999 Learn MoreShow Less
MM 10K
0.05% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.10% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Lake Central Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Lake Central Bank
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Branches

Lake Central Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Lake Central Bank Locations

Financial Details

Lake Central Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lake Central Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Lake Central Bank U.S. Bank Average
12.61% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Lake Central Bank had $1,372,000 in non-current loans and $928,000 in owned real estate. To cover these potential losses it had $17,193,000 in equity and $1,048,000 in loans loss reserves. That gives it a Texas Ratio of 12.61%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Lake Central Bank U.S. Bank Average
8.72% 8.58

Lake Central Bank has a Return on Equity of 8.72% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Lake Central Bank U.S. Bank Average
11.58% 12.11

Lake Central Bank has a Capitalization of 11.58% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Lake Central Bank Balance Sheet Analysis

As of June 30, 2017, Lake Central Bank had assets of $148,457,000, loans of $73,495,000, and deposits of $129,974,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Lake Central Bank

Branches and Savings

Is Lake Central Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10989.

Why does Lake Central Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Lake Central Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Lake Central Bank a commercial bank?

Yes

Where are Lake Central Bank locations?

See branch locations nearby.

Is Lake Central Bank open on Saturdays?

Is Lake Central Bank open on Sundays?

What time does Lake Central Bank open?

What time does Lake Central Bank close?

Are Lake Central Bank ATMs Open 24/7?

Do Lake Central Bank ATMs accept cash deposits?

Can Lake Central Bank customers use other ATMs?

Do Lake Central Bank branches have notaries?

Will Lake Central Bank notarize my document?

What address for Lake Central Bank should I put for incoming ACH transfers?

Will the Lake Central Bank branch print checks?

Do Lake Central Bank checks expire?

Does Lake Central Bank require US citizenship to open account?

Can Lake Central Bank close my account?

Does Lake Central Bank Report to credit bureaus?

Does Lake Central Bank Use Equifax?

What is Lake Central Bank's ACH Routing Number?

What is Lake Central Bank's SWIFT code?

Products

Does Lake Central Bank offer mortgages?

Compare mortgage rates here.

Does Lake Central Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lake Central Bank offer personal loans?

Compare personal loan rates here.

Does Lake Central Bank offer student loans?

Will Lake Central Bank cash a check?

Will Lake Central Bank redeem a savings bond?

Does Lake Central Bank cash savings bonds?

Will Lake Central Bank cash money orders?

Can Lake Central Bank issue a money order?

Does Lake Central Bank do currency exchange?

Background on The Bank

Who owns Lake Central Bank?

How long has Lake Central Bank been around?

Can Lake Central Bank transfer to other banks?

Does Lake Central Bank have quick pay?

Does Lake Central Bank accept rolled coins?

Will Lake Central Bank accept loose change?

Where is Lake Central Bank headquarters?

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