Lake Central Bank
Annandale, MN
IDRSSD: 269058
Total Assets
$287.08M
Latest filing
Total Deposits
$246.30M
Latest filing
Net Interest Margin
4.36%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
091904610ANNANDALE, MN
Key People
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Locations
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Main Office
Lake Central Bank
40 Chestnut St W
Annandale, MN 55302
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/15/1893FDIC Certificate 7041
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Lake Central Bank (Main) | 40 Chestnut St W | Annandale, MN |
| CLEARWATER BRANCH | 700 State Highway 24 North | Clearwater, MN |
| STATE BANK OF DANVERS BRANCH | 2010 Minnesota Ave | Benson, MN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/15/1893 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55302 |
| State and County Number | 27171 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Minneapolis-St. Paul-Bloomington, MN-WI |
Operational Info
| Number of Employees | 36 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.lakecentralbank.com |
| Data Updated | 01/30/2026 |
| CERT | 10989 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $287.08M |
| Total Deposits | $246.30M |
| Total Liabilities | $256.39M |
| Total Equity Capital | $30.69M |
| Net Income | $1.52M |
| Net Loans and Leases | $188.26M |
| Assets Per Employee ($Millions) | $7.97M |
| Bank Premises and Fixed Assets | $888.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $246.30M |
Key Performance Ratios
| Return on Assets (ROA) | 2.12% |
| Return on Equity (ROE) | 20.46% |
| Net Interest Margin | 4.36% |
| Efficiency Ratio | 47.93% |
| Tier 1 Risk-Based Capital Ratio | 14.254% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.04% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.69% |
| Earning Assets to total Assets | 93.98% |
Income and Expense
| Total Interest Income | $3.63M |
| Total Noninterest Income | $523.00k |
| Total Interest Expense | $689.00k |
| Total Noninterest Expense | $1.66M |
| Net Interest Income | $2.94M |
| Pre-tax Net Operating Income | $1.77M |
| Provision for Credit Losses | $30.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $2.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $6.50M |
| All Other Liabilities | $1.59M |
| Total Liabilities and Capital | $287.08M |
Securities
| Securities | $80.91M |
| Available-for-sale debt securities | $80.84M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Lake Central Bank?
$287.08M as of the latest filing.
How much are Lake Central Bank's total deposits?
$246.30M in total deposits.
Where is Lake Central Bank located?
Annandale, MN.
What is the Net Interest Margin?
4.36%.
How many domestic offices does it operate?
3.
When was it established?
08/15/1893.
What is the Return on Assets (ROA)?
2.12%.
How much are total loans and leases?
$188.26M (latest filing).
What is the total interest income (latest filing)?
$3.63M.