Lakeside Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300DUTN4RUBI81Z18

Tax ID: 36-2583514

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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 Home Purchase and Refi loans. Lakeside Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Rockford, Holland, and Niles among others. We have data for 7 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

    149

    Origination Dollar Volume (All Markets)

    $98,975,000

    Employee count

    161

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 143 $94,865,000 $663,392 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    Holland, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    NILES, MI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Outside of Metro Areas 1 $235,000 $235,000 $0 0.00%
    Lakeside Bank's top markets include Chicago, New York, Rockford, Holland, and Niles among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 149 $98,975,000 $664,262 $0 0.00%

    For 2018, Lakeside Bank's most frequently originated type of loan was Conventional, with 149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 98 $50,860,000 $518,980 $0 0.00%
    Refi 31 $36,035,000 $1,162,419 $0 0.00%
    Cash Out Refi 15 $8,755,000 $583,667 $0 0.00%
    Home Improvement 5 $3,325,000 $665,000 $0 0.00%

    For 2018, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 149 $98,975,000 $664,262 $0 0.00%

    For 2018, Lakeside Bank's most frequently cited loan duration was Other, with 149 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 50 $14,420,000 $288,400 $0 0.00%
    $100k-200k 27 $4,215,000 $156,111 $0 0.00%
    $1MM+ 21 $52,675,000 $2,508,333 $0 0.00%
    $600k-1MM 21 $17,155,000 $816,905 $0 0.00%
    $400k-600k 20 $9,710,000 $485,500 $0 0.00%
    $100,000 or less 10 $800,000 $80,000 $0 0.00%

    2018 saw Lakeside Bank place emphasis on $200k-400k loans with 50 originations, totaling $14,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $3,790,000 $189,500 $0 0.00%
    $75k-100k 10 $2,440,000 $244,000 $0 0.00%
    $50k or less 9 $1,355,000 $150,556 $0 0.00%
    $150k-250k 3 $1,665,000 $555,000 $0 0.00%
    $100k-150k 2 $670,000 $335,000 $0 0.00%
    $250k+ 2 $1,950,000 $975,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 149 $98,975,000 $664,262 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 79 $79,665,000 $1,008,418 $0 0.00%
    Asian 47 $10,065,000 $214,149 $0 0.00%
    White 18 $7,990,000 $443,889 $0 0.00%
    Chinese 5 $1,255,000 $251,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.43%

    Lakeside Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.92%

    Lakeside Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $98,975,000 $664,262

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 56 $65,740,000 $1,173,929
    Single Family (1-4 Units):Site-Built 93 $33,235,000 $357,366

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lakeside Bank 1055 West Roosevelt Chicago, IL 60608 Full Service B&M $39,915
    Lakeside Bank 1350 South Michican Chicago, IL 60605 Full Service B&M $136,965
    Lakeside Bank 141 West Jackson Boulevard Chicago, IL 60604 Full Service B&M $313,804
    Lakeside Bank 165 S. York Street Elmhurst, IL 60126 Full Service B&M $56,268
    Lakeside Bank 2200 South Archer Avenue Chicago, IL 60616 Full Service B&M $125,235
    Lakeside Bank 2800 N Ashland Ave Chicago, IL 60657 Full Service B&M $155,809
    Lakeside Bank 55 West Wacker Drive Chicago, IL 60601 Full Service B&M $523,114

    For 2018, Lakeside Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $73,424
    Net interest income $60,190
    Total noninterest income $3,855
    Gross Fiduciary activities income $22
    Service charges on deposit accounts $1,400
    Trading account gains and fees $0
    Additional Noninterest Income $2,433
    Pre-tax net operating income $19,220
    Securities gains (or losses, -) $21
    Income before extraordinary items $18,705
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,705
    Minority interest net income $0
    Net income $18,705
    Sale, conversion, retirement of capital stock, net $17,931
    Net operating income $18,684

    Lakeside Bank's gross interest income from loans was $73,424,000.
    Lakeside Bank's net interest income from loans was $60,190,000.
    Lakeside Bank's fee based income from loans was $1,400,000.
    Lakeside Bank's net income from loans was $18,705,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,234
    Provision for credit losses $-3,850
    Total noninterest expense $48,675
    Salaries and employee benefits $38,847
    Premises and equipment expense $4,930
    Additional noninterest expense $4,898
    Applicable income taxes $536
    Net charge-offs $-706
    Cash dividends $19,542

    Lakeside Bank's interest expense for loans was $13,234,000.
    Lakeside Bank's payroll and benefits expense were $38,847,000.
    Lakeside Bank's property, plant and equipment expenses $4,930,000.

    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 2.0%
    All other family 1.0%
    Commercial & industrial loans 5.0%
    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 $1,378,307
    Deposits held in domestic offices $1,378,307
    Deposits by Individuals, partnerships, and corporations $1,362,321
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,193
    Deposits by Commercial banks and other depository institutions in U.S. $1,793
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $100,281
    Demand deposits $92,156
    Nontransaction accounts $1,278,026
    Money market deposit accounts (MMDAs) $619,779
    Other savings deposits (excluding MMDAs) $68,020
    Total time deposits $590,227
    Total time and savings deposits $1,286,151
    Noninterest-bearing deposits $369,850
    Interest-bearing deposits $1,008,457
    Retail deposits $976,628
    IRAs and Keogh plan accounts $18,236
    Brokered deposits $302,788
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,678,656
    Cash & Balances due from depository institutions $200,213
    Interest-bearing balances $194,344
    Total securities $49,295
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,351,334
    Loan and leases loss allowance $24,542
    Trading account assets $0
    Bank premises and fixed assets $27,266
    Other real estate owned $1,869
    Goodwill and other intangibles $0
    All other assets $48,679

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,678,656
    Total Liabilities $1,476,079
    Total deposits $1,378,307
    Interest-bearing deposits $1,008,457
    Deposits held in domestic offices $1,378,307
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $4,239
    Trading liabilities $0
    Other borrowed funds $83,000
    Subordinated debt $0
    All other liabilities $10,533

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,351,334
    Loan and leases loss allowance $24,542
    Total loans and leases (domestic) $1,375,876
    All real estate loans $1,273,779
    Real estate loans in domestic offices $1,273,779
    Construction and development loans $204,477
    Residential 1-4 family construction $44,503
    Other construction, all land development and other land $159,974
    Loans secured by nonfarm nonresidential properties $725,665
    Nonfarm nonresidential secured by owner-occupied properties $183,800
    Commercial real estate & other non-farm, non-residential $541,865
    Multifamily residential real estate $166,807
    1-4 family residential loans $176,830
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $95,026
    To non-U.S. addressees $0
    Loans to individuals $688
    Credit card loans $0
    Related Plans $78
    Consumer Auto Loans $0
    Other loans to individuals $610
    All other loans & leases $7,949
    Loans to foreign governments and official institutions $0
    Other loans $7,949
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $170
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Lakeside Bank had $1,351,334,000 of loans outstanding in 2018. $1,273,779,000 of loans were in real estate loans. $204,477,000 of loans were in development loans. $166,807,000 of loans were in multifamily mortgage loans. $176,830,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 497 $196,727 $395,829
    Nonfarm, nonresidential loans - <$100k 27 $1,477 $54,704
    Nonfarm, nonresidential loans - $100-250k 130 $20,887 $160,669
    Nonfarm, nonresidential loans - $250k-1MM 340 $174,363 $512,832
    Commercial & Industrial, US addressed loans - <$1MM 234 $29,857 $127,594
    Commercial & Industrial, US addressed loans - <$100k 103 $3,216 $31,223
    Commercial & Industrial, US addressed loans - $100-250k 62 $6,162 $99,387
    Commercial & Industrial, US addressed loans - $250k-1MM 69 $20,479 $296,797