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, Jennings, and Austin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lakeside Bank has an 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

    71

    Origination Dollar Volume (All Markets)

    $9,905,000

    Employee count

    42

    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) 56 $7,740,000 $138,214 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 11 $1,145,000 $104,091 $0 0.00%
    Outside of Metro Areas 2 $690,000 $345,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Lakeside Bank's top markets include Lake Charles, Deridder, Jennings, and Austin among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $9,905,000 $139,507 $0 0.00%

    For 2019, Lakeside Bank's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $4,770,000 $113,571 $0 0.00%
    Home Purchase 23 $4,715,000 $205,000 $0 0.00%
    Home Improvement 3 $205,000 $68,333 $0 0.00%
    Other 3 $215,000 $71,667 $0 0.00%

    For 2019, Lakeside Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $9,905,000 $139,507 $0 0.00%

    For 2019, Lakeside Bank's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,860,000 $51,667 $0 0.00%
    $100k-200k 18 $2,690,000 $149,444 $0 0.00%
    $200k-400k 15 $4,285,000 $285,667 $0 0.00%
    $400k-600k 2 $1,070,000 $535,000 $0 0.00%

    2019 saw Lakeside Bank place emphasis on $100,000 or less loans with 36 originations, totaling $1,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $970,000 $121,250 $0 0.00%
    $250k+ 8 $1,780,000 $222,500 $0 0.00%
    $150k-250k 5 $1,295,000 $259,000 $0 0.00%
    $75k-100k 5 $545,000 $109,000 $0 0.00%
    $50k or less 3 $215,000 $71,667 $0 0.00%
    $50k-75k 1 $65,000 $65,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $9,905,000 $139,507 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $4,960,000 $124,000 $0 0.00%
    White 27 $4,345,000 $160,926 $0 0.00%
    Not provided 2 $290,000 $145,000 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.67%

    Lakeside Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.83%

    Lakeside Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 71 $9,905,000 $139,507

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $355,000 $355,000
    Single Family (1-4 Units):Manufactured 5 $315,000 $63,000
    Single Family (1-4 Units):Site-Built 65 $9,235,000 $142,077

    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 $17,321
    Lakeside Bank 2203 Sampson Street Westlake, LA 70669 Full Service B&M $4,931
    Lakeside Bank 2612 Maplewood Drive Sulphur, LA 70663 Full Service B&M $11,737
    Lakeside Bank 4735 Nelson Road Lake Charles, LA 70605 Full Service B&M $144,948

    For 2019, Lakeside Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,920
    Net interest income $7,170
    Total noninterest income $822
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $161
    Trading account gains and fees $0
    Additional Noninterest Income $661
    Pre-tax net operating income $1,303
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,087
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,087
    Minority interest net income $0
    Net income $1,087
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,087

    Lakeside Bank's gross interest income from loans was $8,920,000.
    Lakeside Bank's net interest income from loans was $7,170,000.
    Lakeside Bank's fee based income from loans was $161,000.
    Lakeside Bank's net income from loans was $1,087,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,750
    Provision for credit losses $308
    Total noninterest expense $6,381
    Salaries and employee benefits $3,693
    Premises and equipment expense $717
    Additional noninterest expense $1,971
    Applicable income taxes $216
    Net charge-offs $84
    Cash dividends $100

    Lakeside Bank's interest expense for loans was $1,750,000.
    Lakeside Bank's payroll and benefits expense were $3,693,000.
    Lakeside Bank's property, plant and equipment expenses $717,000.

    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 $189,596
    Deposits held in domestic offices $189,596
    Deposits by Individuals, partnerships, and corporations $162,321
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $26,322
    Deposits by Commercial banks and other depository institutions in U.S. $951
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $78,028
    Demand deposits $78,018
    Nontransaction accounts $111,568
    Money market deposit accounts (MMDAs) $48,573
    Other savings deposits (excluding MMDAs) $7,822
    Total time deposits $55,172
    Total time and savings deposits $111,578
    Noninterest-bearing deposits $13,745
    Interest-bearing deposits $175,851
    Retail deposits $171,451
    IRAs and Keogh plan accounts $3,361
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $216,052
    Cash & Balances due from depository institutions $25,750
    Interest-bearing balances $23,459
    Total securities $31,736
    Federal funds sold & reverse repurchase $5,500
    Net loans and leases $145,549
    Loan and leases loss allowance $2,190
    Trading account assets $0
    Bank premises and fixed assets $5,901
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,616

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $216,052
    Total Liabilities $190,429
    Total deposits $189,596
    Interest-bearing deposits $175,851
    Deposits held in domestic offices $189,596
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $833

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $145,549
    Loan and leases loss allowance $2,190
    Total loans and leases (domestic) $147,739
    All real estate loans $124,895
    Real estate loans in domestic offices $124,895
    Construction and development loans $27,432
    Residential 1-4 family construction $14,443
    Other construction, all land development and other land $12,989
    Loans secured by nonfarm nonresidential properties $49,286
    Nonfarm nonresidential secured by owner-occupied properties $38,339
    Commercial real estate & other non-farm, non-residential $10,947
    Multifamily residential real estate $3,673
    1-4 family residential loans $42,397
    Farmland loans $2,107
    Loans held in foreign offices $0
    Farm loans $17
    Commercial and industrial loans $17,353
    To non-U.S. addressees $0
    Loans to individuals $5,504
    Credit card loans $0
    Related Plans $1,711
    Consumer Auto Loans $1,100
    Other loans to individuals $2,693
    All other loans & leases $6
    Loans to foreign governments and official institutions $0
    Other loans $6
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,142
    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 $145,549,000 of loans outstanding in 2019. $124,895,000 of loans were in real estate loans. $27,432,000 of loans were in development loans. $3,673,000 of loans were in multifamily mortgage loans. $42,397,000 of loans were in 1-4 family mortgage loans. $17,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,100,000 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 71 $17,911 $252,268
    Nonfarm, nonresidential loans - <$100k 18 $1,137 $63,167
    Nonfarm, nonresidential loans - $100-250k 26 $3,548 $136,462
    Nonfarm, nonresidential loans - $250k-1MM 27 $13,226 $489,852
    Commercial & Industrial, US addressed loans - <$1MM 157 $11,839 $75,408
    Commercial & Industrial, US addressed loans - <$100k 108 $2,730 $25,278
    Commercial & Industrial, US addressed loans - $100-250k 25 $2,527 $101,080
    Commercial & Industrial, US addressed loans - $250k-1MM 24 $6,582 $274,250
    Farmland loans - <$1MM 10 $1,246 $124,600
    Farmland loans - <$100k 3 $193 $64,333
    Farmland loans - $100-250k 5 $504 $100,800
    Farmland loans - $250k-1MM 2 $549 $274,500
    Agriculture operations loans - <$1MM 1 $17 $17,000
    Agriculture operations loans - <$100k 1 $17 $17,000