Lake Central Bank
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Data as of · sourced from FFIEC call reports. How we update
Lake Central Bank is an FDIC-insured commercial bank headquartered in Annandale, MN, established in 1893 (FDIC certificate 10989), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $291.3M, up 4.2% from Q2 2025, the 92nd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 14.18% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10989
- Headquarters
- Annandale, MN
- Established
- 1893
- Total assets, Q2 2026
- $291.3M
- Assets vs Q2 2025
- +4.2%
- CET1 ratio, Q2 2026
- 14.18%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 091904610
- Holding company
- LAKE CENTRAL FINANCIAL, INC.
- Asset rank in state
- 92nd of 221 in Minnesota
Lake Central Bank is one of the more profitable banks of its size. Its balance sheet stood at $291 million at June 30, 2026, up 4.2% from a year earlier; it is based in Annandale, Minnesota. It earns about $2.35 a year on every $100 of assets, about double the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 46 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $1.7 million, 36% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $4.5 million equal 14% of Tier 1 capital, down from 24% a year earlier.
As of June 30, 2026, Lake Central Bank reported a CET1 capital ratio of 14.18%, a return on assets of 2.35%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.26%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Lake Central Bank is the 92nd largest of the 221 banks headquartered in Minnesota. Between Q1 2026 and Q2 2026, its total assets rose 3.1% to $291.3M, loans fell 0.1% and deposits rose 2.9%. 1-4 family residential loans made up 27.6% of its total loans on June 30, 2026, its largest category; next came commercial and industrial loans at 20.0%. Its 3 offices in the FDIC Summary of Deposits are in Annandale, MN, Benson, MN and Clearwater, MN; its Annandale office books 60% of its branch deposits. Judged on its Q2 2026 call report, Lake Central Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 40 Chestnut St W, Annandale, MN 55302
- County
- Wright
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- August 15, 1893
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 36
- Domestic deposits
- $257.3M
- Allowance for credit losses
- $2.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $292.7M
- Average total loans
- $186.3M
- Average interest-bearing deposits
- $210.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10989
- Fed RSSD
- 269058
- Website
- www.lakecentral.bank →
- Parent Holding Company
- LAKE CENTRAL FINANCIAL, INC. (RSSD 4035943)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Lake Central Bank's total assets moved between a low of $216.9M (Q1 2024) and a high of $291.3M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$291.3M total assets against $279.7M; $260.9M total liabilities against $253.5M.
$183.7M net loans and leases against $169.4M; $257.3M total deposits against $237.8M.
$81.0M securities against $90.9M; $14.0M cash and balances due against $6.1M.
$3.7M total interest income against $3.4M; $796K total interest expense against $758K.
$2.9M net interest income against $2.7M.
$595K total noninterest income against $566K; $1.7M total noninterest expense against $1.8M.
$120K provision for credit losses against $30K.
$1.7M net income against $1.3M.
2.35% return on assets against 1.76%; 4.29% net interest margin against 4.24%.
14.18% CET1 capital ratio against 13.92%; 11.15% tier 1 leverage ratio against 10.78%.
Inside the full Lake Central Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeLake Central Bank rankings
Its closest position to the top of a national ranking is 226 of 3,611, for ROA; its furthest is 3,116 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.52% (Q1 2025) to 2.40% (Q1 2026) and its net interest margin ran from 3.75% (Q3 2024) to 4.47% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.18% | 2.35% | 0.04% | 0.26% | 4.29% |
| Q1 2026 | 13.56% | 2.40% | 0.05% | 0.33% | 4.45% |
| Q4 2025 | 14.25% | 2.10% | 0.04% | 0.27% | 4.47% |
| Q3 2025 | 13.95% | 2.06% | 0.06% | 0.36% | 4.29% |
| Q2 2025 | 13.92% | 1.76% | 0.07% | 0.48% | 4.24% |
| Q1 2025 | 14.12% | 1.52% | 0.08% | 0.50% | 4.25% |
| Q4 2024 | — | 1.62% | 0.18% | 1.24% | 4.19% |
| Q3 2024 | 13.89% | 1.62% | 0.14% | 0.85% | 3.75% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lake Central Bank (main office) | Annandale , MN | 55302 | $153.5M |
| State Bank of Danvers Branch | Benson , MN | 56215 | $57.1M |
| Clearwater Branch | Clearwater , MN | 55320 | $46.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2024 | Structure Change | Acquired State Bank of Danvers Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 30, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 120 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 67 applications, 55 loans originated, $17.1M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $60K approved, $60K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2000 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Lake Central Bank
What are Lake Central Bank's total assets?
As of the Q2 2026 filing, Lake Central Bank reported total assets of $291.3 million in its FFIEC call report.
Where is Lake Central Bank headquartered?
It is headquartered in Annandale, MN, United States.
When was Lake Central Bank founded?
It was established in 1893, per the FDIC institution directory.
Is Lake Central Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10989). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Lake Central Bank?
Lake Central Bank's primary federal regulator is the FDIC.
What is Lake Central Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.18% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Lake Central Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Lake Central Bank's Texas Ratio?
Its Texas Ratio is 0.26% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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