Lake Central Bank

40 Chestnut Street West
Annandale, MN 55302


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10989
Date Established 1893
Assets $0.15 billion
Loans $0.08 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.

Deposit Rates - September 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $99,999 Learn MoreShow Less
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.21% $1,000 - Learn MoreShow Less
24 Mo CD
1.36% $1,000 - Learn MoreShow Less
36 Mo CD
1.51% $1,000 - Learn MoreShow Less
60 Mo CD
2.02% $1,000 - Learn MoreShow Less

Fixed IRA
0.75% $500 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.15% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - September 17, 2019

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
NMLS ID: 2890
License#: MC-3098
3.761% 3.750% 0.13 $352 $1,158 Learn More
First Internet Bank
NMLS ID: 424182
3.647% 3.625% 0.25 $675 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Lake Central Bank
To upload and update your bank's rates please register. It is free to register and add rates.


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:

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 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
7.05% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2019, Lake Central Bank had $1,400,000 in non-current loans and $35,000 in owned real estate. To cover these potential losses it had $19,332,000 in equity and $1,022,000 in loans loss reserves. That gives it a Texas Ratio of 7.05%.

Return on Equity
Lake Central Bank U.S. Bank Average
18.55% 9.47%

Lake Central Bank has a Return on Equity of 18.55% versus the BestCashCow average of 9.47%. 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.

Lake Central Bank U.S. Bank Average
12.92% 12.49%

Lake Central Bank has a Capitalization of 12.92% versus the BestCashCow average of 12.49. 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 March 31, 2019, Lake Central Bank had assets of $149,603,000, loans of $76,372,000, and deposits of $129,332,000. 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

March 31, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.08 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.13 billion
Total deposits $0.13 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.13 billion
      % insured (estimated) 86.62%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.13 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

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, Small Business Loans, Construction and Development 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 44.85
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 21.02
Construction and Development Loans 10.89
Commercial Real Estate 25.19
Commercial and Industrial Loans 13.08
Farm Loans 2.21

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?


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?


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?

Customer Reviews for Lake Central Bank

There are currently no comments for Lake Central Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →