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Overview / Commentary
312-435-5100
55 West Wacker Drive
Chicago, IL 60601

Lakeside Bank is headquartered in Chicago and is the 34th largest bank in the state of Illinois. It is also the 594th largest bank in the nation. It was established in 1966 and as of March of 2014, it had grown to 123 employees at 6 locations. Lakeside Bank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Lakeside Bank had $44.77 million in non-current loans and owned real-estate with $181.89 million in equity and loan loss allowances on hand to cover it. This gives Lakeside Bank a Texas Ratio of 24.61% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Lakeside Bank decreased slightly from 27.66% as of March 31, 2013 to 24.61% as of March 31, 2014, resulting in a positive change of 11.02%.This indicates that the balance sheet and financial strength for Lakeside Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Lakeside Bank has increased its total deposits by $16.1 million, resulting in 1.69% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Lakeside Bank has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Lakeside Bank has $1.14 billion in assets with $181.89 million in equity, resulting in a capitalization level of 15.99%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #19573
Year Established1966
Employees123
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.14 billion
Loans$928.65 million
Deposits$965.92 million
Equity Capital$154.16 million
Loan Loss Allowance$27.73 million
Unbacked Noncurrent Loans$33.17 million
Real Estate Owned$11.61 million
Historic Data - March 2013
Assets$1.11 billion
Equity Capital$137.00 million
Loan Loss Allowance$25.18 million
Unbacked Noncurrent Loans$33.17 million
Real Estate Owned$12.99 million
Profit Margin - Quarterly
Net Interest Margin4.27%
Return on Assets1.92%
Return on Equity14.16%
Interest Income$12.90 million
Rates
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Lakeside Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$2,500$500k12 Month CD Special (new money)
0.50%$10k-91 Day CD Special (new money)

Lakeside Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$250-18 Month IRA Special
Locations


Lakeside Bank Locations
Roosevelt Office Branch1055 West RooseveltChicago, IL 60608
Board Of Trade Facility141 West Jackson BoulevardChicago, IL 60604
Indiana Facility2141 South Indiana AvenueChicago, IL 60616
Chinatown Facility2200 South Archer AvenueChicago, IL 60616
Lakeview/Lincoln Park Branch2800 N Ashland AveChicago, IL 60657
Lakeside Bank55 West Wacker DriveChicago, IL 60601