Bank of Lake Mills
Lake Mills, Wisconsin · FDIC Cert #8695
Bank of Lake Mills is an FDIC-insured bank (Certificate #8695) with $336M in total assets and $249M in total deposits as of the Q2 2024 Call Report. Headquartered in Lake Mills, Wisconsin, the bank maintains a Tier 1 capital ratio of 18.23% (Well-Capitalized) and a nonperforming loan ratio of 0.03%. BankHealthData assigns a composite Health Grade of A (82/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Bank of Lake Mills (FDIC cert 8695) is a community bank — $336M in total assets, $249M in deposits, serving the Lake Mills, Wisconsin area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 18.23% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.03% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 14.9% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is solid: ROA of 1.31% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Bank of Lake Mills carries a composite BankHealth grade of A (82/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Bank of Lake Mills
- Total Assets
- $336M
- Total Deposits
- $249M
- Tier 1 Capital Ratio
- 18.23%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.03%
- Liquidity Ratio
- 14.90%
- Return on Assets
- 1.31%
- Headquarters
- Lake Mills, Wisconsin
- FDIC Certificate
- #8695
- Health Grade
- A (82/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Bank of Lake Mills holds a Tier 1 capital ratio of 18.23%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Bank of Lake Mills has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Bank of Lake Mills shows strong financial health indicators. With $336M in assets and a Health Score of 82/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Bank of Lake Mills Compares
Bank of Lake Mills’s Health Score of 82 is 15 points above the Wisconsin state average of 67 across 141 FDIC-insured banks. Its 18.23% Tier 1 capital ratio is 4.2 points above the US banking industry average near 14%. The 0.03% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.31% is in line with or above the national ROA benchmark of ~1.1%. Among 1596 similarly-sized banks, the average Health Score is 69, meaning this bank ranks above its size cohort. Site-wide, Bank of Lake Mills is 12 points above the portfolio average of 70.
Frequently Asked Questions
Bank of Lake Mills has a Bank Health Score of A (82/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 18.23%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Bank of Lake Mills's Tier 1 capital ratio of 18.23% and nonperforming loan ratio of 0.03% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Bank of Lake Mills is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #8695). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Bank of Lake Mills holds $336M in total assets and $249M in total deposits. It is headquartered in Lake Mills, Wisconsin (FDIC Certificate #8695).
Bank of Lake Mills has a Tier 1 capital ratio of 18.23%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.03%, and the return on assets is 1.31%.
Yes. Bank of Lake Mills is FDIC-insured (Certificate #8695). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Bank of Lake Mills's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.