Lakeside Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300DUTN4RUBI81Z18
Tax ID: 36-2583514
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Grand Rapids, Austin, Naples, and Madison 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
95Origination Dollar Volume (All Markets)
$140,365,000Top 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) | 80 | $90,210,000 | $1,127,625 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $17,740,000 | $8,870,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $11,685,000 | $11,685,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $7,840,000 | $3,920,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $4,205,000 | $4,205,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $3,035,000 | $1,011,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $2,050,000 | $1,025,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $140,365,000 | $1,477,526 | $0 | 0.00% |
For 2022, Lakeside Bank's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2022, Lakeside Bank's most frequently cited loan purpose was Home Purchase, with 67 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 | 95 | $140,365,000 | $1,477,526 | $0 | 0.00% |
For 2022, Lakeside Bank's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2022 saw Lakeside Bank place emphasis on $1MM+ loans with 26 originations, totaling $106,470,000 in origination value.
Applicant Income
Lakeside Bank lent most frequently to those with incomes in the $250k+ range, with 8 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $140,365,000 | $1,477,526 | $0 | 0.00% |
Lakeside Bank lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
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 origination83.16%
Lakeside Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 95 | $140,365,000 | $1,477,526 |