The Lake Bank Salary

How Much Does The Lake Bank Pay for employees?

As of September 2026, the average annual salary for employees at The Lake Bank in the United States is $81,877. This translates to an approximate hourly wage of $39. Salaries at The Lake Bank typically range from $71,796 to $92,938 annually, reflecting the diverse roles and experience levels within the company. The Lake 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 The Lake Bank Pay for Different Roles?

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.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at The Lake Bank.
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About The Lake Bank: Company Profile

Website
www.thelakebank.com
Founded In
1889
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Location
TWO HARBORS
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About THE LAKE BANK
The Lake is a financial institution that provides loans, mortgages, insurance planning and wealth management services for individuals and businesses.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into The Lake Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Good benefits, though promotion opportunities are limited. Data protection training is thorough. Clear career progression paths available here. Most communication is top-down. What stands out most is the shared commitment to ethical finance and client success, making every day at work purposeful.
Doing good while doing well is truly embodied here. There's little to no emphasis on innovation. The work can become repetitive, with few opportunities for innovation. The company is stable but lacks a dynamic culture. The organization maintains a stable work environment with clear expectations, but innovation is limited by bureaucratic procedures. There’s a focus on process adherence rather than ...
Training programs are frequent and relevant, helping staff stay ahead in a fast-changing financial landscape. The culture emphasizes responsibility, transparency, and ethical standards, which is important in the financial sector. The company fosters a collaborative and inclusive environment where every employee feels valued. It’s a conventional corporate environment, best suited to those who prefe...

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

How does The Lake Bank’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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90k
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Average Salary ($/year)
The Lake Bank
Financial Services
LAMAR NATIONAL
LABOR MANAGEMENT FEDERAL CREDIT UNION
Industry Comparison
Our data shows that, on average, compensation at The Lake Bank is below the average for the U.S. Financial Services industry by approximately 33%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared The Lake Bank average annual salary with several similar companies. The Lake Bank average salary of $81,877 is lower than LAMAR NATIONAL, which has an average salary of $84,463. It is higher than LABOR MANAGEMENT FEDERAL CREDIT UNION, with their average salary at $80,653. This places The Lake Bank in a mid-range 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.

What Is the Cost of Living Near Duluth?

Understanding the cost of living near Duluth is key to truly evaluating a salary offer or your current compensation at The Lake Bank.
Duluth's Cost of Living Index is approximately 93.6 (6.4% less expensive than US average; 3.6% less than MN average). Lake Superior port city, scenic, affordable housing, cold winters. DTA bus. When planning your budget based on a salary from The Lake Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of The Lake Bank salary. Location choices impact this heavily.
Utilities (Basic) $140 - $250 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (DTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,560+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About The Lake Bank

FAQ 1: What is the average salary for employees at The Lake Bank?
The average annual total compensation for employees at The Lake Bank is approximately $81,877. However, this is an aggregate figure, actual salaries can range significantly, typically from $71,796 to $92,938, depending on factors like job role, experience, and location.
FAQ 2: How much does The Lake Bank pay compared to LAMAR NATIONAL?
The average annual salary at The Lake Bank is $81,877, or an hourly wage of $39, in comparison to LAMAR NATIONAL which pays $84,463 per year or $41 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at The Lake Bank?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at The Lake Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does The Lake Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Duluth?
While some companies offer formal COLA, many, including potentially The Lake Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 5: What's the typical process for salary reviews and raises at The Lake Bank?
Most companies, likely including The Lake Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.