Lake Central Bank Salary

Lake Central Bank Salary

How much does the Lake Central Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Lake Central Bank in the United States is $84,669. This translates to an approximate hourly wage of $41. Salaries at Lake Central Bank typically range from $74,270 to $95,942 annually, reflecting the diverse roles and experience levels within the company. Lake Central Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Lake Central Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Lake Central Bank. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Lake Central Bank

Ready for your next career move? Explore current job openings at Lake Central Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Lake Central Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Lake Central Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
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Average Salary ($/year)
Lake Central Bank
Financial Services
Oakwood Capital Securities Inc
CBT Bank
Industry Comparison
Our data shows that, on average, compensation at Lake Central Bank is below the average for the U.S. Financial Services industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Lake Central Bank average annual salary with several similar companies. Lake Central Bank average salary of $84,669 is lower than Oakwood Capital Securities Inc, which has an average salary of $94,911. It is lower than CBT Bank, with their average salary at $88,508. This places Lake Central Bank in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Lake Central 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 Central Bank. Click a company name to learn more.

Employee Reviews: Working at Lake Central Bank

Considering a career at Lake Central 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.
It's the ideal blend of professional and personal. They focus on results and people equally. Respectful culture and competitive pay. Team collaboration across departments is seamless, making complex projects enjoyable to tackle.
Commented in March 02, 2025
12
0
We’re trusted to manage our time, and the flexibility helps balance personal and professional demands. The firm’s financial stability ensures job security. Working at this financial firm has been an incredible experience. It makes coming to work enjoyable and productive every single day now. Career growth exists but tends to be structured. The environment is demanding but fair. Administrative supp...
Commented in June 04, 2024
47
3
Coworker interaction is limited to work-related tasks. This inclusive approach enriches our problem-solving capabilities and strengthens our team, reflecting positively in our client interactions and overall success. Job security and company stability make this an excellent place for long-term careers.
Commented in February 05, 2024
19
0

Lake Central Bank Overview

Website
www.lakecentralbank.com
Founded In
1893
Employees
<25 employees
Industry
Financial Services
Headquarter Address
700 State Hwy 24 N Clearwater Minnesota MN 55320
Revenue
$5 Million - $10 Million
Phone Number
+1 3205584600
Social Media
About Lake Central Bank
Lake Central Bank provides financing for the purchase of a wide range of consumer products including cars, trucks, boats, ATVs, snowmobiles and more. We are also able to provide financing for a wide range of personal needs. Contact us to see how our consumer loan products can help you achieve your goals.

What Benefits Does Lake Central Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lake Central 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 Central 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 Central 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 Central 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 Central Bank

1. What is the typical salary range (low to high) for most roles at Lake Central Bank?

The typical annual salary range for most roles at Lake Central Bank is approximately from $74,270 to $95,942. 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. How much does Lake Central Bank pay compared to Oakwood Capital Securities Inc?

The average annual salary at Lake Central Bank is $84,669, or an hourly wage of $41, in comparison to Oakwood Capital Securities Inc which pays $94,911 per year or $46 per hour.

3. Do salaries differ significantly between departments at Lake Central Bank?

Yes, salaries often differ between departments at Lake Central Bank due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Lake Central Bank?

Experience level is a significant factor in determining salary at Lake Central Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Lake Central Bank in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Lake Central Bank in Minneapolis is fair, first compare the gross salary to our data for similar roles at Lake Central Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

6. Are the salaries listed for Lake Central Bank on Salary.com pre-tax or after-tax?

All salary figures displayed for Lake Central Bank, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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