# LAKE CITY FEDERAL BANK
LAKE CITY, MN · FDIC certificate 29049 · asset band <$300M · latest filing 2024-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $73.8M | |
| Deposits | $62.4M | |
| Loans and leases | $44.4M | |
| Total equity | $10.5M | |
| Loans / deposits | 70.17% (p50 of band) | 70.19% |
| Liquid assets / assets | 37.10% (p55 of band) | |
| Uninsured deposits / deposits | 4.14% (p3 of band) | 18.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 14.76% (p78 of band) | 11.30% |
| Unrealized securities loss / equity | -5.26% (p72 of band) | -16.70% |
| AOCI / equity | -0.25% (p55 of band) | |
| ROA (annualized) | 0.75% (p44 of band) | 0.87% |
| Net interest margin | 3.39% (p47 of band) | 3.46% |
| Efficiency ratio | 74.62% (p57 of band) | |
| Noncurrent loans | 0.00% (p13 of band) | 0.25% |
| Net charge-offs (annualized) | -0.03% (p7 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 90% | |
| Construction % of loans | 13.80% (p42 of band) | |
| Auto loans | $1.1M (2.49% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -8.0% | |
| Employees | 9 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 5 | losing money, expense ratio p90 |  |
| 2011-09 | 5 |  |  |
| 2011-12 | 5 | noncurrent p90 | expense ratio p90 |
| 2012-03 | 4 |  | losing money |
| 2012-06 | 3 | uninsured deposits leaving | loans exceed deposits, wholesale funding >15% |
| 2012-09 | 3 |  |  |
| 2012-12 | 2 |  | uninsured deposits leaving |
| 2013-03 | 3 | losing money |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 2 |  | losing money |
| 2013-12 | 4 | deposits shrinking, assets shrinking |  |
| 2014-03 | 3 |  | assets shrinking |
| 2014-06 | 2 |  | deposits shrinking |
| 2014-09 | 2 | assets shrinking | noncurrent p90 |
| 2014-12 | 3 | uninsured deposits leaving |  |
| 2015-03 | 2 | expense ratio p90 | assets shrinking, uninsured deposits leaving |
| 2015-06 | 4 | losing money, noncurrent p90 |  |
| 2015-09 | 3 |  | losing money |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 |  |  |
| 2016-06 | 2 |  | expense ratio p90 |
| 2016-09 | 3 | uninsured deposits leaving |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 4 | expense ratio p90 |  |
| 2017-06 | 3 |  | expense ratio p90 |
| 2017-09 | 2 |  | uninsured deposits leaving |
| 2017-12 | 2 |  |  |
| 2018-03 | 0 |  | reserve under noncurrent, noncurrent p90 |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 0 |  | uninsured deposits leaving |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | uninsured deposits leaving |  |
| 2020-06 | 1 | capital falling | uninsured deposits leaving |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 | uninsured deposits leaving | capital falling |
| 2022-03 | 2 | expense ratio p90, NIM <2.5% | uninsured deposits leaving |
| 2022-06 | 1 |  | NIM <2.5% |
| 2022-09 | 1 |  |  |
| 2022-12 | 0 |  | expense ratio p90 |
| 2023-03 | 0 |  |  |
| 2023-06 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2023-09 | 1 |  | assets shrinking, uninsured deposits leaving |
| 2023-12 | 0 |  | deposits shrinking |
| 2024-03 | 2 | deposits shrinking, assets shrinking |  |

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

- 2022-08-25 [Lake City Federal Bank announces merger with East Wisconsin Savings Bank - Post Bulletin](https://news.google.com/rss/articles/CBMisgFBVV95cUxOQjBGZlF1emE0dmlkQmg2dGp6bVhBRl9wUUlKdnVTaHBtcDdSLS14MzBqY3pVWVUzWlZZVzdPY29hc25OZjUzekJpdEtycExoNFBkS25KNnNodUFRemc2dzloRzE4bVktTVFISC1Tekp4S3kwbjhmRFFIOTdYUHQxS28yZE0xLTkyMlBJT1pRUGdQQnBSWXpienVwelVfa3ptc1poUlA0WVNqYkdEdS1WaWxn?oc=5) · Post Bulletin
- 2022-08-24 [Kaukauna-based East Wisconsin Savings Bank merging with Minnesota bank - Kaukauna Community News](https://news.google.com/rss/articles/CBMitwFBVV95cUxOajNnLTZHUUgtS1V4Y2tfb0k1S3EzYzhUSWkxUlliTjNKVmRkSFlNLWxRQ1ZhQWZlMTdKZDFsZTdMUTFpdHkyRTBRR3d3Q1FZZ3N5c1BIUk9OX0JjdklxWnc4ZEgyVTB4dzNNOFN0MTJXZkZ1al9taE9RNXh6ampYZnM1ZTltdXVHdDJMNU5nSXlUZTNzRU5CeDF3RDJxOGJTTFc2RHZ5UUxtOGVyN1hFWVdhMUI3VTQ?oc=5) · Kaukauna Community News
- 2024-06-24 [What you should (and shouldn’t) store in a safe deposit box - Yahoo Finance](https://news.google.com/rss/articles/CBMif0FVX3lxTE9QZDZ1SnNzYVJqa3F4Rm9fTXVCSFNmODBWMFB0RDZ5NXlzOC1vRlZNbUY0bkFfWHpVTkJucDE5WVpXQXpSTDJKVjM3cnR6bEQxdVVreWctanp0WTRVOV9va0tuTnhRRVN4VE5MZUE3UU5ROVBTR05tSjJuZFZLdzQ?oc=5) · Yahoo Finance
- 2016-08-12 [Tammy Rane Prebe Obituary Aug 12, 2016 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMibEFVX3lxTE5MZ1VqSXFzOE5qWFMyMUhQTGY1S0xzdTJYdWlZUGM5QUQxb3k3RG5pU2t3VVRnNkstRVpoU09OSjRfVnkwV0UzTmNEWDlCcE85OGRfRUo1OEdJMHFhdUlHaEJUQnpyd2RpSmMtXw?oc=5) · mahnfamilyfuneralhome.com
- 2007-06-21 [Anthony "Tony" Hebert Obituary Jun 21, 2007 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE81RHFnWmctQmJaRFprZ1BLSHhuV3k0NVRERGdtd0g5Ulk2Y1hfajhQUE15RGJueS1jWDlHRHRObEFrR09URmZJLV9oLVdJZUFJZUZ0UWl4Tlo5cHNMbHpwTElBazNVdnJqcEZiYmx6Njg?oc=5) · mahnfamilyfuneralhome.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29049 (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/57.json (key "29049", 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