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, Home Purchase, and Cash Out Refi loans. Lakeside Bank has a high proportion of conventional loans. Their top two markets are Lake Charles and Deridder .

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

    46

    Origination Dollar Volume (All Markets)

    $7,740,000

    Employee count

    46

    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) 39 $6,815,000 $174,744 $0 0.00%
    Outside of Metro Areas 4 $770,000 $192,500 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 3 $155,000 $51,667 $0 0.00%
    Lakeside Bank's top markets include Lake Charles and Deridder among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $7,740,000 $168,261 $0 0.00%

    For 2020, Lakeside Bank's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 24 $3,590,000 $149,583 $0 0.00%
    Home Purchase 11 $2,155,000 $195,909 $0 0.00%
    Cash Out Refi 8 $1,770,000 $221,250 $0 0.00%
    Other 2 $140,000 $70,000 $0 0.00%
    Home Improvement 1 $85,000 $85,000 $0 0.00%

    For 2020, Lakeside Bank's most frequently cited loan purpose was Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $7,740,000 $168,261 $0 0.00%

    For 2020, Lakeside Bank's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,395,000 $60,652 $0 0.00%
    $200k-400k 10 $2,650,000 $265,000 $0 0.00%
    $100k-200k 8 $1,050,000 $131,250 $0 0.00%
    $400k-600k 4 $1,990,000 $497,500 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2020 saw Lakeside Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 8 $2,360,000 $295,000 $0 0.00%
    $150k-250k 6 $1,670,000 $278,333 $0 0.00%
    $100k-150k 4 $310,000 $77,500 $0 0.00%
    $50k or less 4 $150,000 $37,500 $0 0.00%
    $75k-100k 4 $800,000 $200,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $7,740,000 $168,261 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $5,020,000 $209,167 $0 0.00%
    Not applicable 20 $2,450,000 $122,500 $0 0.00%
    Other Asian 1 $175,000 $175,000 $0 0.00%
    Black 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.15%

    Lakeside Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.30%

    Lakeside Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $7,740,000 $168,261

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $75,000 $75,000
    Multifamily:Site-Built 1 $255,000 $255,000
    Single Family (1-4 Units):Manufactured 7 $425,000 $60,714
    Single Family (1-4 Units):Site-Built 37 $6,985,000 $188,784

    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 $19,180
    Lakeside Bank 2203 Sampson Street Westlake, LA 70669 Full Service B&M $9,034
    Lakeside Bank 2612 Maplewood Drive Sulphur, LA 70663 Full Service B&M $21,147
    Lakeside Bank 4735 Nelson Road Lake Charles, LA 70605 Full Service B&M $176,186

    For 2020, Lakeside Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,247
    Net interest income $7,582
    Total noninterest income $841
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $155
    Trading account gains and fees $0
    Additional Noninterest Income $686
    Pre-tax net operating income $1,269
    Securities gains (or losses, -) $0
    Income before extraordinary items $993
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $993
    Minority interest net income $0
    Net income $993
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $993

    Lakeside Bank's gross interest income from loans was $9,247,000.
    Lakeside Bank's net interest income from loans was $7,582,000.
    Lakeside Bank's fee based income from loans was $155,000.
    Lakeside Bank's net income from loans was $993,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,665
    Provision for credit losses $537
    Total noninterest expense $6,617
    Salaries and employee benefits $4,014
    Premises and equipment expense $830
    Additional noninterest expense $1,773
    Applicable income taxes $276
    Net charge-offs $25
    Cash dividends $0

    Lakeside Bank's interest expense for loans was $1,665,000.
    Lakeside Bank's payroll and benefits expense were $4,014,000.
    Lakeside Bank's property, plant and equipment expenses $830,000.

    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 0.0%
    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 $308,308
    Deposits held in domestic offices $308,308
    Deposits by Individuals, partnerships, and corporations $253,994
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,127
    Deposits by Commercial banks and other depository institutions in U.S. $1,187
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $135,739
    Demand deposits $135,739
    Nontransaction accounts $172,569
    Money market deposit accounts (MMDAs) $69,575
    Other savings deposits (excluding MMDAs) $14,106
    Total time deposits $88,888
    Total time and savings deposits $172,569
    Noninterest-bearing deposits $61,372
    Interest-bearing deposits $246,935
    Retail deposits $256,639
    IRAs and Keogh plan accounts $3,573
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $337,375
    Cash & Balances due from depository institutions $116,880
    Interest-bearing balances $113,227
    Total securities $52,878
    Federal funds sold & reverse repurchase $6,250
    Net loans and leases $153,334
    Loan and leases loss allowance $2,702
    Trading account assets $0
    Bank premises and fixed assets $5,631
    Other real estate owned $0
    Goodwill and other intangibles $207
    All other assets $2,195

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $337,375
    Total Liabilities $310,666
    Total deposits $308,308
    Interest-bearing deposits $246,935
    Deposits held in domestic offices $308,308
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,393
    Subordinated debt $0
    All other liabilities $965

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $153,334
    Loan and leases loss allowance $2,702
    Total loans and leases (domestic) $156,036
    All real estate loans $120,162
    Real estate loans in domestic offices $120,162
    Construction and development loans $30,121
    Residential 1-4 family construction $14,822
    Other construction, all land development and other land $15,299
    Loans secured by nonfarm nonresidential properties $46,972
    Nonfarm nonresidential secured by owner-occupied properties $40,368
    Commercial real estate & other non-farm, non-residential $6,604
    Multifamily residential real estate $2,976
    1-4 family residential loans $39,418
    Farmland loans $675
    Loans held in foreign offices $0
    Farm loans $12
    Commercial and industrial loans $31,760
    To non-U.S. addressees $0
    Loans to individuals $4,451
    Credit card loans $0
    Related Plans $1,153
    Consumer Auto Loans $919
    Other loans to individuals $2,379
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $622
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $335
    Non 1-4 family restructured loans & leases $335
    Total loans and leases (foreign) $0

    Lakeside Bank had $153,334,000 of loans outstanding in 2020. $120,162,000 of loans were in real estate loans. $30,121,000 of loans were in development loans. $2,976,000 of loans were in multifamily mortgage loans. $39,418,000 of loans were in 1-4 family mortgage loans. $12,000 of loans were in farm loans. $0 of loans were in credit card loans. $919,000 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 70 $17,777 $253,957
    Nonfarm, nonresidential loans - <$100k 18 $1,067 $59,278
    Nonfarm, nonresidential loans - $100-250k 25 $3,635 $145,400
    Nonfarm, nonresidential loans - $250k-1MM 27 $13,075 $484,259
    Commercial & Industrial, US addressed loans - <$1MM 438 $25,586 $58,416
    Commercial & Industrial, US addressed loans - <$100k 354 $8,880 $25,085
    Commercial & Industrial, US addressed loans - $100-250k 46 $5,578 $121,261
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $11,128 $292,842
    Farmland loans - <$1MM 7 $675 $96,429
    Farmland loans - <$100k 2 $118 $59,000
    Farmland loans - $100-250k 4 $293 $73,250
    Farmland loans - $250k-1MM 1 $264 $264,000
    Agriculture operations loans - <$1MM 1 $12 $12,000
    Agriculture operations loans - <$100k 1 $12 $12,000