Bank of Lake Mills


136 E Madison St
Lake Mills, WI 53551
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Bank of Lake Mills is an FDIC insured institution located in Lake Mills, WI. It was founded in 1893 and has approximately $0.35 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 8695
Date Established 1893
Assets $ 352.81 million
Loans $ 285.68 million
Deposits $ 267.09 million
Capital $ 36.04 million

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

Deposit Rates - February 23, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - February 23, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Lake Mills

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 2024

Lender APR Rate (%) Monthly
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NMLS ID: Not a Lender

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NMLS ID: 491986

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NMLS ID: Not a Lender

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
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7.490 %
$0 Learn More
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Note to Bank of Lake Mills
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Climate Initiatives

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Financial Details

Bank of Lake Mills Ratio Analysis

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

Texas Ratio
Bank of Lake Mills U.S. Bank Average
0.43% 4.13%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2023, Bank of Lake Mills had $163,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,037,000 in equity and $2,287,000 in loans loss reserves. That gives it a Texas Ratio of 0.43%.

Return on Equity
Bank of Lake Mills U.S. Bank Average
19.71% 26.02%

Bank of Lake Mills has a Return on Equity of 19.71% versus the BestCashCow average of 26.02%. 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.

Bank of Lake Mills U.S. Bank Average
10.21% 10.23%

Bank of Lake Mills has a Capitalization of 10.21% versus the BestCashCow average of 10.23. 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.

Bank of Lake Mills Balance Sheet Analysis

As of September 30, 2023, Bank of Lake Mills had assets of $352,812,000, loans of $285,680,000, and deposits of $267,086,000. 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.

Summary Balance Sheet

September 30, 2023
Cash & Balances due from depository institutions $ 5.99 million
Interest-bearing balances $ 0.51 million
Total securities $ 44.24 million
Federal funds sold and reverse repurchase $ 1.10 million
Net loans and leases $ 285.68 million
Loan loss allowance $ 2.29 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.25 million
All other assets $ 5.54 million
     Total Assets $ 316.78 million
Total deposits $ 267.09 million
      Interest-bearing deposits $ 203.46 million
      Deposits held in domestic offices $ 267.09 million
      % insured (estimated) 78.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.04 million
      Total Liabilities $ 316.78 million
      Shareholders’ Equity $ 36.04 million

Summary Income Statement

September 30, 2023
Total Interest Income $ 13.97 million
Total Interest Expense $ 4.50 million
Net interest income $ 9.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 3.67 million
Total non interest expense $ 7.48 million
Pre-tax Net Operating Income $ 2.38 million

Bank Loan Profile?

The top three loan types in Bank of Lake Mills’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Commercial Real Estate.

Compared to other banks in Wisconsin, Bank of Lake Mills has a significantly higher percent of Multifamily Mortgages, Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.57
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 8.34
Construction and Development Loans 3.19
Commercial Real Estate 12.88
Commercial and Industrial Loans 1.08
Farm Loans 0.00

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