# LAKE CENTRAL BANK
ANNANDALE, MN · FDIC certificate 10989 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $291.3M | |
| Deposits | $257.3M | |
| Loans and leases | $186.2M | |
| Total equity | $30.5M | |
| Loans / deposits | 71.39% (p46 of band) | 73.59% |
| Liquid assets / assets | 32.62% (p50 of band) | |
| Uninsured deposits / deposits | 22.02% (p58 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.69% (p52 of band) | |
| FHLB advances / assets | 0.69% | |
| Tier 1 leverage | 11.15% (p42 of band) | 11.76% |
| Unrealized securities loss / equity | -15.02% (p30 of band) | -6.57% |
| AOCI / equity | -0.50% (p45 of band) | |
| ROA (annualized) | 2.39% (p92 of band) | 1.17% |
| Net interest margin | 4.30% (p68 of band) | 3.93% |
| Efficiency ratio | 48.23% (p11 of band) | |
| Noncurrent loans | 0.04% (p29 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 3048.75% | |
| Real estate % of loans | 64% | |
| Construction % of loans | 63.97% (p86 of band) | |
| Auto loans | $11.3M (6.08% of loans; DQ 1.02%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.2% | |
| Employees | 36 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 1 |  | capital falling |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | uninsured deposits leaving |  |
| 2014-06 | 3 | noncurrent p90 |  |
| 2014-09 | 2 |  | uninsured deposits leaving |
| 2014-12 | 3 | capital falling |  |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 3 | capital falling |  |
| 2016-03 | 1 |  | noncurrent p90, capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 1 |  | capital falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 2 | capital falling |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | capital falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 0 |  | reserve under noncurrent |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | AOCI drag >20% of equity, NIM <2.5% | capital falling |
| 2022-06 | 2 | securities losses >30% of equity | NIM <2.5% |
| 2022-09 | 2 |  |  |
| 2022-12 | 3 | assets shrinking |  |
| 2023-03 | 2 | uninsured deposits leaving | AOCI drag >20% of equity, assets shrinking |
| 2023-06 | 2 | charge-offs p90 | uninsured deposits leaving |
| 2023-09 | 3 | AOCI drag >20% of equity |  |
| 2023-12 | 3 | capital falling | AOCI drag >20% of equity |
| 2024-03 | 1 |  | charge-offs p90, capital falling |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 | uninsured deposits leaving | securities losses >30% of equity |
| 2024-12 | 0 |  | uninsured deposits leaving |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-14 [Strengthening Your Domain Security with .Bank - American Bankers Association (ABA)](https://news.google.com/rss/articles/CBMinAFBVV95cUxQeXBLSzFnd3p1bzNxaWZZUUZfT09Zd2dEM2dNOW1XSlJwNW9Qalc1dkRMa2xOTm5mYjEzaUh5NS1Ja055aUhYWDk0UDgxRU1DOUNPLVNxWjNwN2tZejk3bk9jMThWaXZYLUtWZkNhSlRCbDBWVHpobkhwb0RXZ1pJN0g2THozOFM1SHU5anJxV3BjSmFHcXJGOTVJcDI?oc=5) · American Bankers Association (ABA)
- 2026-05-06 [FDIC rescinds guidance governing re-presentment of same transaction - Consumer Finance Monitor](https://news.google.com/rss/articles/CBMiugFBVV95cUxQcS14WU1TRXFfckJsQlhONkZWY1BQVmhUWFlaWHlIQ2k0eWVSLTZNTGJvemlHOTNpR0w1VWtobVNHN1NhM3U2U3U4eENBUWVIdm5Xd2dPOGxjblBGem9KSmVUbHpCbVBaUmV1YnlUSGRobVc5TEtWS0ViMHZrc1diMUF0OUF0RHhPUmx0eDl6dWhIOE9iUUo4YV9aX0FoRGRfZzVPc2NUc210azZRaXdUTklJVk54UE5QTHc?oc=5) · Consumer Finance Monitor
- 2026-07-30 [Get ready for a week of fun at the Clearwater Heritage Festival - Patriot News MN](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOcWlXSlk1WE5hOVhFTUZFYi1LLVhoT2N1T2Y0T3NpOFFtNTZlTHFzLUtseks2M2dnV1B2TFRVc1pLYy1UbU1waGJOby1YbnhGOWZFaVdrWHV1SEF3YmVRel82SXE3eTNyVUNJYlgwYmxiSkNMT2hTa2dCUlJGY2pMYWFiTVpfUF9FVzFkaURvNjhYOW1nTWkyYlpGZEphbWtCR2tiSTZWdGVKcEE?oc=5) · Patriot News MN
- 2023-07-24 [Minnesota Bankers Association and Lake Central Bank sue FDIC over NSF fee guidance - Consumer Finance Monitor](https://news.google.com/rss/articles/CBMizgFBVV95cUxPSkstUVE4Y29NenVqMEl5STlNNEtycXE5U1JnNmNZSWVGNDQ4VEZ5bDBKbGFuWW1rRUowY3ZUMTVxdTZhUTFFVUhnSjlCLURseEVTMmVoa2pMU3BTZkFiQVpzcVJRNzJFTGtOVmFXa2VNbjBFUXJKb1VnYVMtV2daZElRTWpRZ3RFaHNMMjVxS2lDSHlVOUUtOWJGODN6elJUTDlPNXVsQWdwbmdjQUMxNm5IQmRzcHBFNGlyOS1tRUFHLUNoN1NYUjVHRk1MQQ?oc=5) · Consumer Finance Monitor
- 2026-07-01 [4th of July fireworks in Minneapolis-St. Paul and Greater Minnesota 2026: What to know for the holiday - CBS News](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1LSUxyb1hpSGpGOHlCcmhmdnRBc1puaTctbHNNd1h3Y3hrTUwxdXpHeTdsS2htRjRuVjdUZ2FzV0hqSWQ4T050V0loUjFwSm1haFVsVVJIUjNBRDZrZXfSAWNBVV95cUxOQmpKNVFSUXJlNzBvdGIyRExIM1pkZ0VhY1A2ODJCSkU1S0JWTjJxX3BjN05BZmZSV0JQdUJUaGJCMmtvMXAzQ19xdEN1RmljM0wyMWZ2UnpqZ1Z6cG53YXZEQTg?oc=5) · CBS News
- 2024-09-05 [Emmer meets with Annandale Community Leaders - Congressman Tom Emmer | (.gov)](https://news.google.com/rss/articles/CBMimwFBVV95cUxNcXc0S3ZYWk9ZOF9Ib0lScTdIU2JjNEhpMGdSWkM1S3ZoQWdydFZQWm82WEtINDVGbmoxanVHRmY1VHJBM3dxaFJVcG80bWVuazdzOFVVQkZpbGxCVnU0X1RrSzVOeHpzdlFKMkxQLW9TVm9HUmdBT3BQZXNGYkUwQk9OOUxWeWFNd19lenFoSF9FWm9wTmpOTXRkdw?oc=5) · Congressman Tom Emmer | (.gov)
- 2024-04-03 [Legal Notices – April 3, 2024 - Annandale Advocate](https://news.google.com/rss/articles/CBMigAFBVV95cUxOdmM5Zjlody1PVTdLeUFZbFlzX1c0VVhEU0l5UGl5ZmllZEtEXzBramk5QlFYbUhJY2RPbkp2bEV6Z2d2NGNVWFpfVXU4N3N4dkFaT0lIUWlwOXIwNkwwcUNSbXRxTTBWX2ZJUi04ZmZqY19qRkZtY04yUHdBVFhNTtIBgAFBVV95cUxPQmJyMlJxLXNEYThjUWIwREZPTlpkVGF4LV9naXZxNFJwU2xia3czT3BLQ0hBcU1OV0FLYVltTFJabUZiNVZYeWxiWjN4d3dtLWNEOEVnb1BwMzVja1h3QTVqZXhxQ2w4dHg0bS1SdnJiSXJCRHJMblNZQ1VONEViSQ?oc=5) · Annandale Advocate
- 2023-05-16 [These are Minnesota's strongest mid-sized banks - The Business Journals](https://news.google.com/rss/articles/CBMiowFBVV95cUxNM1hMSXB3b1FRLXVPazlrUmNkeXNmeXJ4eVVFZXY1NjVTNnBSZ0JFNFFEelNKSnFWdVNRcndXN0R4VXZBcG12amNyREo2bFlBZXN2TzBzbTZ6SGxIVGtPQWhIek9vVE15V2otWUhyamVLajMwVG5zUTdhUkFrNGgtOEZFLVVYRkVpeE5QUm9MVDBraEEwQlpoTk1mRXZ0X1RqR2J3?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10989 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "10989", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide