Lake Central Bank is a bank based in Annandale, Minnesota, established in 1893, with $282 million in total assets across 3 branches. By Trust Grade it ranks 20th of 224 banks we track in Minnesota. Its capital ratio of 10.3% is stronger than 52% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 2.39% return on assets. No consumer complaints against Lake Central Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Lake Central Bank compares to Minnesota peers
How we graded Lake Central Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.3% capital ratio)
- Strongly profitable (ROA 2.39%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Lake Central Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 700 State Highway 24 North, Clearwater, MN 55320
- 40 Chestnut St W, Annandale, MN 55302
- 2010 Minnesota Ave, Benson, MN 56215
Are deposits at Lake Central Bank insured?
Yes. Lake Central Bank is an FDIC-insured bank (FDIC certificate #10989). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Lake Central Bank: frequently asked questions
Is Lake Central Bank a good bank?
Lake Central Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.3% capital ratio); Strongly profitable (ROA 2.39%).
Is Lake Central Bank FDIC-insured?
Yes. Lake Central Bank is a FDIC-insured bank (FDIC certificate #10989). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Lake Central Bank?
Lake Central Bank holds $282 million in total assets, ranking 20th of 224 banks we track in Minnesota. It operates 3 branches.
Does Lake Central Bank have CFPB complaints?
No CFPB complaints against Lake Central Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
