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
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lakeside Bank is a smaller bank specializing in Home Purchase loans. Lakeside Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lake Charles, Deridder, Daphne, Edwards, and New Orleans among others. We have data for 8 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 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

    80

    Origination Dollar Volume (All Markets)

    $20,830,000

    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) 65 $17,085,000 $262,846 $0 0.00%
    DeRidder, LA (FHA|USDA|VA) 4 $1,160,000 $290,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $950,000 $475,000 $0 0.00%
    Edwards, CO (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    Outside of Metro Areas 4 $470,000 $117,500 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    Jennings, LA (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
    Lakeside Bank's top markets include Lake Charles, Deridder, Daphne, Edwards, and New Orleans among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $20,830,000 $260,375 $0 0.00%

    For 2022, Lakeside Bank's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $13,060,000 $343,684 $0 0.00%
    Refi 28 $3,880,000 $138,571 $0 0.00%
    Cash Out Refi 10 $3,470,000 $347,000 $0 0.00%
    Home Improvement 2 $190,000 $95,000 $0 0.00%
    Other 2 $230,000 $115,000 $0 0.00%

    For 2022, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $20,830,000 $260,375 $0 0.00%

    For 2022, Lakeside Bank's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,625,000 $52,419 $0 0.00%
    $100k-200k 17 $2,535,000 $149,118 $0 0.00%
    $200k-400k 17 $4,265,000 $250,882 $0 0.00%
    $400k-600k 8 $4,020,000 $502,500 $0 0.00%
    $600k-1MM 4 $3,070,000 $767,500 $0 0.00%
    $1MM+ 3 $5,315,000 $1,771,667 $0 0.00%

    2022 saw Lakeside Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $8,285,000 $637,308 $0 0.00%
    $100k-150k 8 $1,450,000 $181,250 $0 0.00%
    $150k-250k 7 $1,285,000 $183,571 $0 0.00%
    $50k or less 6 $380,000 $63,333 $0 0.00%
    $75k-100k 5 $875,000 $175,000 $0 0.00%
    $50k-75k 4 $590,000 $147,500 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $20,830,000 $260,375 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $10,900,000 $286,842 $0 0.00%
    Not applicable 36 $7,890,000 $219,167 $0 0.00%
    Black 4 $1,380,000 $345,000 $0 0.00%
    Not provided 2 $660,000 $330,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.65%

    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
    90.00%

    Lakeside Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $20,830,000 $260,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $20,830,000 $260,375