Lakeside Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 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

73

Origination Dollar Volume (All Markets)

$73,015,000

Employee count

178

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) 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%
Lakeside Bank's top markets include Chicago, Grand Rapids, Miami, Naples, and Niles among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $5,365,000 $282,368 $0 0.00%
    $1MM+ 15 $48,065,000 $3,204,333 $0 0.00%
    $400k-600k 15 $7,425,000 $495,000 $0 0.00%
    $600k-1MM 14 $10,810,000 $772,143 $0 0.00%
    $100k-200k 8 $1,240,000 $155,000 $0 0.00%
    $100,000 or less 2 $110,000 $55,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 65 $68,545,000 $1,054,538 $0 0.00%
    White 6 $3,880,000 $646,667 $0 0.00%
    Asian 2 $590,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    83.56%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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