Lakeside Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300DUTN4RUBI81Z18
Tax ID: 36-2583514
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Mortgage Data
Bank Data
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: Chicago, Grand Rapids, Miami, Naples, and Niles among others. We have data for 11 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.
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Originations
73Origination Dollar Volume (All Markets)
$73,015,000Employee count
178Top 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) | 58 | $53,010,000 | $913,966 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $8,825,000 | $8,825,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $3,880,000 | $1,940,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $2,665,000 | $2,665,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $73,015,000 | $1,000,205 | $0 | 0.00% |
For 2021, Lakeside Bank's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 51 | $59,265,000 | $1,162,059 | $0 | 0.00% |
| Refi | 21 | $13,725,000 | $653,571 | $0 | 0.00% |
| Other | 1 | $25,000 | $25,000 | $0 | 0.00% |
For 2021, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $73,015,000 | $1,000,205 | $0 | 0.00% |
For 2021, Lakeside Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2021 saw Lakeside Bank place emphasis on $200k-400k loans with 19 originations, totaling $5,365,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $3,475,000 | $1,158,333 | $0 | 0.00% |
| $100k-150k | 1 | $155,000 | $155,000 | $0 | 0.00% |
| $50k-75k | 1 | $25,000 | $25,000 | $0 | 0.00% |
Lakeside Bank lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $73,015,000 | $1,000,205 | $0 | 0.00% |
Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination83.56%
Lakeside Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $73,015,000 | $1,000,205 |
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 | 1055 West Roosevelt Chicago, IL 60608 | Full Service B&M | $46,972 |
| Lakeside Bank | 1350 South Michigan Ave Chicago, IL 60605 | Full Service B&M | $261,619 |
| Lakeside Bank | 141 West Jackson Boulevard Chicago, IL 60604 | Full Service B&M | $418,598 |
| Lakeside Bank | 165 S. York Street Elmhurst, IL 60126 | Full Service B&M | $174,566 |
| Lakeside Bank | 18w100 22nd Street Oakbrook Terrace, IL 60181 | Full Service B&M | $4,785 |
| Lakeside Bank | 2200 South Archer Avenue Chicago, IL 60616 | Full Service B&M | $169,311 |
| Lakeside Bank | 2800 N Ashland Ave Chicago, IL 60657 | Full Service B&M | $196,770 |
| Lakeside Bank | 55 West Wacker Drive Chicago, IL 60601 | Full Service B&M | $571,639 |
For 2021, Lakeside Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $83,178 |
| Net interest income | $74,307 |
| Total noninterest income | $8,203 |
| Gross Fiduciary activities income | $18 |
| Service charges on deposit accounts | $1,193 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,992 |
| Pre-tax net operating income | $43,342 |
| Securities gains (or losses, -) | $-130 |
| Income before extraordinary items | $42,716 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $42,716 |
| Minority interest net income | $0 |
| Net income | $42,716 |
| Sale, conversion, retirement of capital stock, net | $-1,400 |
| Net operating income | $42,844 |
Lakeside Bank's gross interest income from loans was $83,178,000.
Lakeside Bank's net interest income from loans was $74,307,000.
Lakeside Bank's fee based income from loans was $1,193,000.
Lakeside Bank's net income from loans was $42,716,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $8,871 |
| Provision for credit losses | $-3,200 |
| Total noninterest expense | $42,368 |
| Salaries and employee benefits | $29,492 |
| Premises and equipment expense | $5,801 |
| Additional noninterest expense | $7,075 |
| Applicable income taxes | $496 |
| Net charge-offs | $-244 |
| Cash dividends | $19,760 |
Lakeside Bank's interest expense for loans was $8,871,000.
Lakeside Bank's payroll and benefits expense were $29,492,000.
Lakeside Bank's property, plant and equipment expenses $5,801,000.
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 | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 3.0% |
| 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 | $2,003,580 |
| Deposits held in domestic offices | $2,003,580 |
| Deposits by Individuals, partnerships, and corporations | $1,952,412 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $48,204 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,964 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $856,303 |
| Demand deposits | $682,010 |
| Nontransaction accounts | $1,147,277 |
| Money market deposit accounts (MMDAs) | $603,414 |
| Other savings deposits (excluding MMDAs) | $138,618 |
| Total time deposits | $405,245 |
| Total time and savings deposits | $1,321,570 |
| Noninterest-bearing deposits | $682,010 |
| Interest-bearing deposits | $1,321,570 |
| Retail deposits | $1,794,819 |
| IRAs and Keogh plan accounts | $19,783 |
| Brokered deposits | $120,891 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,340,589 |
| Cash & Balances due from depository institutions | $359,763 |
| Interest-bearing balances | $354,996 |
| Total securities | $238,029 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,631,122 |
| Loan and leases loss allowance | $28,200 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $42,615 |
| Other real estate owned | $1,155 |
| Goodwill and other intangibles | $0 |
| All other assets | $67,905 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,340,589 |
| Total Liabilities | $2,106,495 |
| Total deposits | $2,003,580 |
| Interest-bearing deposits | $1,321,570 |
| Deposits held in domestic offices | $2,003,580 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $2,929 |
| Trading liabilities | $0 |
| Other borrowed funds | $77,500 |
| Subordinated debt | $0 |
| All other liabilities | $22,486 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,631,122 |
| Loan and leases loss allowance | $28,200 |
| Total loans and leases (domestic) | $1,659,322 |
| All real estate loans | $1,504,745 |
| Real estate loans in domestic offices | $1,504,745 |
| Construction and development loans | $309,691 |
| Residential 1-4 family construction | $33,424 |
| Other construction, all land development and other land | $276,267 |
| Loans secured by nonfarm nonresidential properties | $840,248 |
| Nonfarm nonresidential secured by owner-occupied properties | $205,293 |
| Commercial real estate & other non-farm, non-residential | $634,955 |
| Multifamily residential real estate | $212,576 |
| 1-4 family residential loans | $142,230 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $131,018 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $190 |
| Credit card loans | $0 |
| Related Plans | $28 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $162 |
| All other loans & leases | $26,596 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $26,596 |
| 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 | $98 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Lakeside Bank had $1,631,122,000 of loans outstanding in 2021. $1,504,745,000 of loans were in real estate loans. $309,691,000 of loans were in development loans. $212,576,000 of loans were in multifamily mortgage loans. $142,230,000 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 | 498 | $193,048 | $387,647 |
| Nonfarm, nonresidential loans - <$100k | 39 | $1,659 | $42,538 |
| Nonfarm, nonresidential loans - $100-250k | 117 | $17,695 | $151,239 |
| Nonfarm, nonresidential loans - $250k-1MM | 342 | $173,694 | $507,877 |
| Commercial & Industrial, US addressed loans - <$1MM | 562 | $59,300 | $105,516 |
| Commercial & Industrial, US addressed loans - <$100k | 353 | $9,914 | $28,085 |
| Commercial & Industrial, US addressed loans - $100-250k | 88 | $10,909 | $123,966 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 121 | $38,477 | $317,992 |