Lakeside Bank Mortgage Rates, Fees & Info

Lake Charles, LA

LEI: 549300B95782G2DYRD47

Tax ID: 27-1140364

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Home Purchase and Refi loans. Lakeside Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Daphne, Deridder, Houma, and Fort Polk South among others. We have data for 6 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

    59

    Origination Dollar Volume (All Markets)

    $22,885,000

    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) 50 $19,530,000 $390,600 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $0 0.00%
    Outside of Metro Areas 3 $785,000 $261,667 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 3 $465,000 $155,000 $0 0.00%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Fort Polk South, LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Lakeside Bank's top markets include Lake Charles, Daphne, Deridder, Houma, and Fort Polk South among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $22,885,000 $387,881 $0 0.00%

    For 2021, Lakeside Bank's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $7,705,000 $265,690 $0 0.00%
    Refi 20 $12,510,000 $625,500 $0 0.00%
    Cash Out Refi 5 $1,765,000 $353,000 $0 0.00%
    Other 3 $815,000 $271,667 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%

    For 2021, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $22,885,000 $387,881 $0 0.00%

    For 2021, Lakeside Bank's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $915,000 $53,824 $0 0.00%
    $200k-400k 13 $3,575,000 $275,000 $0 0.00%
    $100k-200k 12 $1,790,000 $149,167 $0 0.00%
    $400k-600k 7 $3,415,000 $487,857 $0 0.00%
    $1MM+ 6 $9,900,000 $1,650,000 $0 0.00%
    $600k-1MM 4 $3,290,000 $822,500 $0 0.00%

    2021 saw Lakeside Bank place emphasis on $100,000 or less loans with 17 originations, totaling $915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,875,000 $267,857 $0 0.00%
    $150k-250k 7 $1,995,000 $285,000 $0 0.00%
    $250k+ 6 $4,310,000 $718,333 $0 0.00%
    $50k or less 6 $330,000 $55,000 $0 0.00%
    $50k-75k 5 $865,000 $173,000 $0 0.00%
    $75k-100k 3 $435,000 $145,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $22,885,000 $387,881 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $13,075,000 $523,000 $0 0.00%
    White 32 $9,730,000 $304,063 $0 0.00%
    Black 2 $80,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Lakeside Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.71%

    Lakeside Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $22,885,000 $387,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    59 $22,885,000 $387,881

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Legacy Title Service Home equity loan or line of credit (HELOC) Closing on a mortgage 1 100.0%

    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 $22,310
    Lakeside Bank 2203 Sampson Street Westlake, LA 70669 Full Service B&M $22,877
    Lakeside Bank 2612 Maplewood Drive Sulphur, LA 70663 Full Service B&M $39,980
    Lakeside Bank 4735 Nelson Road Lake Charles, LA 70605 Full Service B&M $244,698

    For 2021, Lakeside Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,884
    Net interest income $7,718
    Total noninterest income $1,183
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $278
    Trading account gains and fees $0
    Additional Noninterest Income $905
    Pre-tax net operating income $1,599
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,367
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,367
    Minority interest net income $0
    Net income $1,367
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,367

    Lakeside Bank's gross interest income from loans was $8,884,000.
    Lakeside Bank's net interest income from loans was $7,718,000.
    Lakeside Bank's fee based income from loans was $278,000.
    Lakeside Bank's net income from loans was $1,367,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,166
    Provision for credit losses $180
    Total noninterest expense $7,122
    Salaries and employee benefits $3,991
    Premises and equipment expense $1,008
    Additional noninterest expense $2,123
    Applicable income taxes $232
    Net charge-offs $86
    Cash dividends $0

    Lakeside Bank's interest expense for loans was $1,166,000.
    Lakeside Bank's payroll and benefits expense were $3,991,000.
    Lakeside Bank's property, plant and equipment expenses $1,008,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $298,640
    Deposits held in domestic offices $298,640
    Deposits by Individuals, partnerships, and corporations $284,053
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,521
    Deposits by Commercial banks and other depository institutions in U.S. $1,066
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $157,170
    Demand deposits $157,165
    Nontransaction accounts $141,470
    Money market deposit accounts (MMDAs) $77,087
    Other savings deposits (excluding MMDAs) $21,019
    Total time deposits $43,365
    Total time and savings deposits $141,475
    Noninterest-bearing deposits $76,764
    Interest-bearing deposits $221,876
    Retail deposits $284,615
    IRAs and Keogh plan accounts $3,325
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $329,618
    Cash & Balances due from depository institutions $36,179
    Interest-bearing balances $32,061
    Total securities $89,768
    Federal funds sold & reverse repurchase $5,250
    Net loans and leases $186,024
    Loan and leases loss allowance $2,795
    Trading account assets $0
    Bank premises and fixed assets $8,120
    Other real estate owned $61
    Goodwill and other intangibles $156
    All other assets $4,060

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $329,618
    Total Liabilities $301,670
    Total deposits $298,640
    Interest-bearing deposits $221,876
    Deposits held in domestic offices $298,640
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,365
    Subordinated debt $0
    All other liabilities $665

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,024
    Loan and leases loss allowance $2,795
    Total loans and leases (domestic) $188,819
    All real estate loans $164,119
    Real estate loans in domestic offices $164,119
    Construction and development loans $33,812
    Residential 1-4 family construction $13,812
    Other construction, all land development and other land $20,000
    Loans secured by nonfarm nonresidential properties $78,300
    Nonfarm nonresidential secured by owner-occupied properties $50,941
    Commercial real estate & other non-farm, non-residential $27,359
    Multifamily residential real estate $6,791
    1-4 family residential loans $43,241
    Farmland loans $1,975
    Loans held in foreign offices $0
    Farm loans $6
    Commercial and industrial loans $20,406
    To non-U.S. addressees $0
    Loans to individuals $4,497
    Credit card loans $0
    Related Plans $1,004
    Consumer Auto Loans $1,192
    Other loans to individuals $2,301
    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 $1,454
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $317
    Non 1-4 family restructured loans & leases $317
    Total loans and leases (foreign) $0

    Lakeside Bank had $186,024,000 of loans outstanding in 2021. $164,119,000 of loans were in real estate loans. $33,812,000 of loans were in development loans. $6,791,000 of loans were in multifamily mortgage loans. $43,241,000 of loans were in 1-4 family mortgage loans. $6,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,192,000 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 74 $19,289 $260,662
    Nonfarm, nonresidential loans - <$100k 17 $832 $48,941
    Nonfarm, nonresidential loans - $100-250k 22 $2,633 $119,682
    Nonfarm, nonresidential loans - $250k-1MM 35 $15,824 $452,114
    Commercial & Industrial, US addressed loans - <$1MM 229 $18,793 $82,066
    Commercial & Industrial, US addressed loans - <$100k 162 $4,798 $29,617
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,980 $124,375
    Commercial & Industrial, US addressed loans - $250k-1MM 35 $10,015 $286,143
    Farmland loans - <$1MM 6 $577 $96,167
    Farmland loans - <$100k 2 $111 $55,500
    Farmland loans - $100-250k 3 $231 $77,000
    Farmland loans - $250k-1MM 1 $235 $235,000
    Agriculture operations loans - <$1MM 1 $6 $6,000
    Agriculture operations loans - <$100k 1 $6 $6,000