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Lake Community Bank Salary

Lake Community Bank Salary

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As of August 2026, the average annual salary for employees at Lake Community Bank in the United States is $93,856. This translates to an approximate hourly wage of $45. Salaries at Lake Community Bank typically range from $82,325 to $106,355 annually, reflecting the diverse roles and experience levels within the company.
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Is Lake Community Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Community Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Commodities Plus Inc $90,270
-3.8%
Commodities Plus Inc may offer non-monetary perks in lieu of competitive base salaries.
Five Star Escrow $97,136
+3.5%
Influenced by prevailing union wage agreements specific to Five Star Escrow's sector.
The Fahey Banking Co $88,192
-6.0%
Reflects market rates for standard general contracting, differing from specialized roles.
Bank of O'Fallon $87,875
-6.4%
Bank of O'Fallon focuses strategically on recruiting and training entry-level apprentices.
Financial Services Industry $121,514
+29.5%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Lake Community Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Lake Community Bank. Click a company name to learn more.

Employee Reviews: Working at Lake Community Bank

Considering a career at Lake Community Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Communication tends to be top-down, with little room for grassroots innovation. Leadership is consistent it is responsive to employee feedback. Work-life balance depends heavily on individual managers, leading to inconsistent experiences. Family emergencies are accommodated. This autonomy fosters responsibility and a sense of ownership over my work.
Commented in April 27, 2025
14
1
The benefits are generous, and the team culture promotes collaboration and respect, making it easy to stay motivated and engaged. Working at this financial services firm has been transformative for my career. Managers trust employees to deliver regardless of location.
Commented in April 12, 2025
29
1
Collaboration exists but is mostly limited to immediate teams. Work-life balance depends on the department and manager. Benefits, including retirement contributions and wellness programs, are comprehensive. Regulatory changes are communicated clearly.
Commented in November 24, 2024
46
3

Lake Community Bank Overview

Website
www.lcbankmn.com
Founded In
1905
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1964 W Wayzata Blvd Long Lake Minnesota MN 55356
Revenue
$5 Million - $10 Million
Phone Number
+1 9524737347
Social Media
About Lake Community Bank
Lake Community Bank is committed to providing our customers the maximum identity theft protection possible. Our goal is to assure proper protection of our customers and their personal information, to comply with the letter and spirit of financial regulations and laws, and to preserve Lake Community Bank's reputation as a trusted financial partner for our community.

What Benefits Does Lake Community Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lake Community Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Lake Community Bank.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Lake Community Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Lake Community Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lake Community Bank

1. How much does a Lake Community Bank employee make?

Lake Community Bank pays its employees an average of $93,856 per year. The average salary at Lake Community Bank range from $82,325 to $106,355 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Lake Community Bank?

The salary at Lake Community Bank is higher than the similar company. The average annual salary at Lake Community Bank is $93,856, or an hourly wage of $45, in comparison to Commodities Plus Inc which pays $90,270 per year or $43 per hour.

3. How much does a President typically earn at Lake Community Bank?

A President at Lake Community Bank typically earns an average annual base salary of around $726,529, with a general range of $554,460 to $917,598.

4. Do employees with advanced degrees (Master's, PhD) earn more at Lake Community Bank?

In many roles at Lake Community Bank, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Lake Community Bank salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Lake Community Bank based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Lake Community Bank typically offer employees?

Lake Community Bank generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Lake Community Bank" section on this page.

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