Lakeside Bank Mortgage Rates, Fees & Info

Lake Charles, LA

LEI: 549300B95782G2DYRD47

Tax ID: 27-1140364

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Lakeside Bank is a smaller bank specializing in Refi and Home Purchase loans. Lakeside Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Deridder, and Jennings among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lakeside Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    93

    Origination Dollar Volume (All Markets)

    $13,025,000

    Employee count

    47

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    LAKE CHARLES, LA (FHA|USDA|VA) 81 $11,985,000 $147,963 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 9 $805,000 $89,444 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    Outside of Metro Areas 1 $65,000 $65,000 $0 0.00%
    Lakeside Bank's top markets include Lake Charles, Deridder, and Jennings among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $13,025,000 $140,054 $0 0.00%

    For 2018, Lakeside Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 49 $7,265,000 $148,265 $0 0.00%
    Home Purchase 26 $3,410,000 $131,154 $0 0.00%
    Cash Out Refi 18 $2,350,000 $130,556 $0 0.00%

    For 2018, Lakeside Bank's most frequently cited loan purpose was Refi, with 49 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $13,025,000 $140,054 $0 0.00%

    For 2018, Lakeside Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,360,000 $49,167 $0 0.00%
    $100k-200k 25 $3,185,000 $127,400 $0 0.00%
    $200k-400k 16 $4,600,000 $287,500 $0 0.00%
    $600k-1MM 3 $1,875,000 $625,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2018 saw Lakeside Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,660,000 $118,571 $0 0.00%
    $150k-250k 11 $2,005,000 $182,273 $0 0.00%
    $50k or less 7 $335,000 $47,857 $0 0.00%
    $250k+ 5 $2,275,000 $455,000 $0 0.00%
    $50k-75k 5 $605,000 $121,000 $0 0.00%
    $75k-100k 2 $190,000 $95,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $13,025,000 $140,054 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $6,795,000 $165,732 $0 0.00%
    Not applicable 48 $5,910,000 $123,125 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%
    Black 2 $50,000 $25,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Lakeside Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.87%

    Lakeside Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $13,025,000 $140,054

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $605,000 $605,000
    Single Family (1-4 Units):Manufactured 5 $215,000 $43,000
    Single Family (1-4 Units):Site-Built 87 $12,205,000 $140,287

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lakeside Bank 2132 Oak Park Boulevard Lake Charles, LA 70601 Full Service B&M $17,199
    Lakeside Bank 2203 Sampson Street Westlake, LA 70669 Full Service B&M $4,150
    Lakeside Bank 2612 Maplewood Drive Sulphur, LA 70663 Full Service B&M $5,127
    Lakeside Bank 4735 Nelson Road Lake Charles, LA 70605 Full Service B&M $122,439

    For 2018, Lakeside Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,690
    Net interest income $6,804
    Total noninterest income $511
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $160
    Trading account gains and fees $0
    Additional Noninterest Income $351
    Pre-tax net operating income $1,189
    Securities gains (or losses, -) $0
    Income before extraordinary items $939
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $939
    Minority interest net income $0
    Net income $939
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $939

    Lakeside Bank's gross interest income from loans was $7,690,000.
    Lakeside Bank's net interest income from loans was $6,804,000.
    Lakeside Bank's fee based income from loans was $160,000.
    Lakeside Bank's net income from loans was $939,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $886
    Provision for credit losses $300
    Total noninterest expense $5,826
    Salaries and employee benefits $3,280
    Premises and equipment expense $730
    Additional noninterest expense $1,816
    Applicable income taxes $250
    Net charge-offs $42
    Cash dividends $100

    Lakeside Bank's interest expense for loans was $886,000.
    Lakeside Bank's payroll and benefits expense were $3,280,000.
    Lakeside Bank's property, plant and equipment expenses $730,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $174,329
    Deposits held in domestic offices $174,329
    Deposits by Individuals, partnerships, and corporations $139,031
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $34,564
    Deposits by Commercial banks and other depository institutions in U.S. $734
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $81,279
    Demand deposits $81,278
    Nontransaction accounts $93,050
    Money market deposit accounts (MMDAs) $46,517
    Other savings deposits (excluding MMDAs) $7,118
    Total time deposits $39,417
    Total time and savings deposits $93,051
    Noninterest-bearing deposits $11,640
    Interest-bearing deposits $162,689
    Retail deposits $156,010
    IRAs and Keogh plan accounts $1,141
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $198,878
    Cash & Balances due from depository institutions $18,493
    Interest-bearing balances $15,448
    Total securities $38,184
    Federal funds sold & reverse repurchase $0
    Net loans and leases $134,307
    Loan and leases loss allowance $1,966
    Trading account assets $0
    Bank premises and fixed assets $6,157
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,737

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $198,878
    Total Liabilities $174,855
    Total deposits $174,329
    Interest-bearing deposits $162,689
    Deposits held in domestic offices $174,329
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $526

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $134,307
    Loan and leases loss allowance $1,966
    Total loans and leases (domestic) $136,273
    All real estate loans $115,978
    Real estate loans in domestic offices $115,978
    Construction and development loans $26,655
    Residential 1-4 family construction $10,700
    Other construction, all land development and other land $15,955
    Loans secured by nonfarm nonresidential properties $43,580
    Nonfarm nonresidential secured by owner-occupied properties $32,187
    Commercial real estate & other non-farm, non-residential $11,393
    Multifamily residential real estate $3,234
    1-4 family residential loans $41,161
    Farmland loans $1,348
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,649
    To non-U.S. addressees $0
    Loans to individuals $4,702
    Credit card loans $0
    Related Plans $1,382
    Consumer Auto Loans $735
    Other loans to individuals $2,585
    All other loans & leases $2
    Loans to foreign governments and official institutions $0
    Other loans $2
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,255
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Lakeside Bank had $134,307,000 of loans outstanding in 2018. $115,978,000 of loans were in real estate loans. $26,655,000 of loans were in development loans. $3,234,000 of loans were in multifamily mortgage loans. $41,161,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $735,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 61 $15,433 $253,000
    Nonfarm, nonresidential loans - <$100k 12 $675 $56,250
    Nonfarm, nonresidential loans - $100-250k 25 $3,510 $140,400
    Nonfarm, nonresidential loans - $250k-1MM 24 $11,248 $468,667
    Commercial & Industrial, US addressed loans - <$1MM 157 $11,277 $71,828
    Commercial & Industrial, US addressed loans - <$100k 109 $2,545 $23,349
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,842 $105,259
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,890 $280,476
    Farmland loans - <$1MM 7 $828 $118,286
    Farmland loans - <$100k 3 $204 $68,000
    Farmland loans - $100-250k 3 $353 $117,667
    Farmland loans - $250k-1MM 1 $271 $271,000