Lake Central Bank


Lake Central Bank is an FDIC insured institution headquartered at 40 Chestnut St W, Annandale, MN 55302.
It was founded in 1893 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - December 21, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10989
Date Established 1893
Assets $ 270.68 million
Loans $ 151.86 million
Deposits $ 238.39 million
Capital $ 21.63 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 4.91 million
Interest-bearing balances $ 3.00 million
Total securities $ 102.07 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 151.86 million
Loan loss allowance $ 1.74 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.07 million
All other assets $ 5.99 million
     Total Assets $ 249.05 million

LIABILITIES
Total deposits $ 238.39 million
      Interest-bearing deposits $ 192.63 million
      Deposits held in domestic offices $ 238.39 million
      % insured (estimated) 79.75%
Federal funds purchased and repurchase agreements $ 9.30 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.11 millionn
      Total Liabilities $ 249.05 million
      Shareholders’ Equity $ 21.63 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 6.14 million
Total Interest Expense $ 1.64 million
Net interest income $ 4.50 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.89 million
Total non interest expense $ 3.20 million
Pre-tax Net Operating Income $ 1.76 million

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Branches

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Lake Central Bank Locations