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, Madison, Kalamazoo, Michigan City, and Ottawa 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 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

    131

    Origination Dollar Volume (All Markets)

    $93,365,000

    Employee count

    177

    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) 125 $84,435,000 $675,480 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $4,905,000 $4,905,000 $0 0.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $3,055,000 $3,055,000 $0 0.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
    Lakeside Bank's top markets include Chicago, Madison, Kalamazoo, Michigan City, and Ottawa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $93,365,000 $712,710 $0 0.00%

    For 2019, Lakeside Bank's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $46,970,000 $634,730 $0 0.00%
    Refi 33 $23,445,000 $710,455 $0 0.00%
    Cash Out Refi 20 $18,530,000 $926,500 $0 0.00%
    Home Improvement 4 $4,420,000 $1,105,000 $0 0.00%

    For 2019, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $93,365,000 $712,710 $0 0.00%

    For 2019, Lakeside Bank's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 38 $12,240,000 $322,105 $0 0.00%
    $1MM+ 27 $50,625,000 $1,875,000 $0 0.00%
    $600k-1MM 24 $17,750,000 $739,583 $0 0.00%
    $400k-600k 20 $9,730,000 $486,500 $0 0.00%
    $100k-200k 18 $2,780,000 $154,444 $0 0.00%
    $100,000 or less 4 $240,000 $60,000 $0 0.00%

    2019 saw Lakeside Bank place emphasis on $200k-400k loans with 38 originations, totaling $12,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $3,510,000 $877,500 $0 0.00%
    $150k-250k 3 $1,045,000 $348,333 $0 0.00%
    $50k or less 3 $275,000 $91,667 $0 0.00%
    $75k-100k 3 $1,005,000 $335,000 $0 0.00%
    $100k-150k 1 $385,000 $385,000 $0 0.00%
    $50k-75k 1 $105,000 $105,000 $0 0.00%

    Lakeside Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $93,365,000 $712,710 $0 0.00%

    Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 107 $83,565,000 $780,981 $0 0.00%
    White 14 $7,450,000 $532,143 $0 0.00%
    Asian 9 $2,155,000 $239,444 $0 0.00%
    Native Hawaiian or Islander 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.85%

    Lakeside Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.39%

    Lakeside Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $93,365,000 $712,710

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 61 $58,835,000 $964,508
    Single Family (1-4 Units):Site-Built 70 $34,530,000 $493,286

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lakeside Bank 1055 West Roosevelt Chicago, IL 60608 Full Service B&M $42,137
    Lakeside Bank 1350 South Michigan Ave Chicago, IL 60605 Full Service B&M $147,205
    Lakeside Bank 141 West Jackson Boulevard Chicago, IL 60604 Full Service B&M $309,069
    Lakeside Bank 165 S. York Street Elmhurst, IL 60126 Full Service B&M $129,347
    Lakeside Bank 2200 South Archer Avenue Chicago, IL 60616 Full Service B&M $140,712
    Lakeside Bank 2800 N Ashland Ave Chicago, IL 60657 Full Service B&M $170,657
    Lakeside Bank 55 West Wacker Drive Chicago, IL 60601 Full Service B&M $512,672

    For 2019, Lakeside Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $82,183
    Net interest income $62,335
    Total noninterest income $5,276
    Gross Fiduciary activities income $27
    Service charges on deposit accounts $1,600
    Trading account gains and fees $0
    Additional Noninterest Income $3,649
    Pre-tax net operating income $29,236
    Securities gains (or losses, -) $-4
    Income before extraordinary items $28,722
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,722
    Minority interest net income $0
    Net income $28,722
    Sale, conversion, retirement of capital stock, net $5,386
    Net operating income $28,725

    Lakeside Bank's gross interest income from loans was $82,183,000.
    Lakeside Bank's net interest income from loans was $62,335,000.
    Lakeside Bank's fee based income from loans was $1,600,000.
    Lakeside Bank's net income from loans was $28,722,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,848
    Provision for credit losses $0
    Total noninterest expense $38,375
    Salaries and employee benefits $27,236
    Premises and equipment expense $5,044
    Additional noninterest expense $6,095
    Applicable income taxes $510
    Net charge-offs $268
    Cash dividends $24,947

    Lakeside Bank's interest expense for loans was $19,848,000.
    Lakeside Bank's payroll and benefits expense were $27,236,000.
    Lakeside Bank's property, plant and equipment expenses $5,044,000.

    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 3.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $1,539,652
    Deposits held in domestic offices $1,539,652
    Deposits by Individuals, partnerships, and corporations $1,511,020
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,105
    Deposits by Commercial banks and other depository institutions in U.S. $2,527
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $129,372
    Demand deposits $121,134
    Nontransaction accounts $1,410,280
    Money market deposit accounts (MMDAs) $706,586
    Other savings deposits (excluding MMDAs) $76,913
    Total time deposits $626,781
    Total time and savings deposits $1,418,518
    Noninterest-bearing deposits $456,731
    Interest-bearing deposits $1,082,921
    Retail deposits $1,164,949
    IRAs and Keogh plan accounts $20,074
    Brokered deposits $250,371
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,867,107
    Cash & Balances due from depository institutions $190,691
    Interest-bearing balances $178,220
    Total securities $47,750
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,545,189
    Loan and leases loss allowance $24,154
    Trading account assets $0
    Bank premises and fixed assets $27,868
    Other real estate owned $1,029
    Goodwill and other intangibles $0
    All other assets $54,580

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,867,107
    Total Liabilities $1,657,046
    Total deposits $1,539,652
    Interest-bearing deposits $1,082,921
    Deposits held in domestic offices $1,539,652
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $3,018
    Trading liabilities $0
    Other borrowed funds $96,500
    Subordinated debt $0
    All other liabilities $17,876

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,545,189
    Loan and leases loss allowance $24,154
    Total loans and leases (domestic) $1,569,343
    All real estate loans $1,455,060
    Real estate loans in domestic offices $1,455,060
    Construction and development loans $249,711
    Residential 1-4 family construction $25,710
    Other construction, all land development and other land $224,001
    Loans secured by nonfarm nonresidential properties $813,152
    Nonfarm nonresidential secured by owner-occupied properties $205,309
    Commercial real estate & other non-farm, non-residential $607,843
    Multifamily residential real estate $207,109
    1-4 family residential loans $185,088
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $98,522
    To non-U.S. addressees $0
    Loans to individuals $348
    Credit card loans $0
    Related Plans $76
    Consumer Auto Loans $0
    Other loans to individuals $272
    All other loans & leases $17,677
    Loans to foreign governments and official institutions $0
    Other loans $17,677
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Lakeside Bank had $1,545,189,000 of loans outstanding in 2019. $1,455,060,000 of loans were in real estate loans. $249,711,000 of loans were in development loans. $207,109,000 of loans were in multifamily mortgage loans. $185,088,000 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 519 $209,714 $404,073
    Nonfarm, nonresidential loans - <$100k 29 $1,558 $53,724
    Nonfarm, nonresidential loans - $100-250k 126 $20,035 $159,008
    Nonfarm, nonresidential loans - $250k-1MM 364 $188,121 $516,816
    Commercial & Industrial, US addressed loans - <$1MM 406 $37,073 $91,313
    Commercial & Industrial, US addressed loans - <$100k 275 $10,163 $36,956
    Commercial & Industrial, US addressed loans - $100-250k 54 $5,203 $96,352
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $21,707 $281,909