State Bank of The Lakes is headquartered in Antioch and is the 56th largest bank in the state of Illinois. It is also the 881st largest bank in the nation. It was established in 1926 and as of December of 2013, it had grown to 105 employees at 6 locations. State Bank of The Lakes has a A health rating.
I recently attended a networking event in which there were representatives from this bank along with several other banks from the community. I happened to observe some of the other banks passing out business cards and networking, which was the entire purpose of the event. When one of the other banks approached the representative from State Bank of the Lakes, the woman from State Bank of the Lakes was so unbelievably rude and insulted the other banks saying they didn't deserve to be there and said they shouldn't bother coming back.
I couldn't believe what I saw. While this bank has been a staple in the Antioch community for years, I can see they are threatened by other banks that have come into the area. Their rates may be nice, but their service, professionalism and ability to meet the needs of their customers is nothing compared to their competitors.
In my opinion this bank feels that they deserve your business just because they have been in town longest and take their customers for granted. I would consider using other banks in town that reward you for your business and take customer service to a much higher level.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 State Bank of The Lakes had $2.14 million in non-current loans and owned real-estate with $124.18 million in equity and loan loss allowances on hand to cover it. This gives State Bank of The Lakes a Texas Ratio of 1.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for State Bank of The Lakes decreased dramatically from 2.92% as of December 31, 2012 to 1.73% as of December 31, 2013, resulting in a positive change of 40.92%.This indicates that the balance sheet and financial strength for State Bank of The Lakes has improved dramatically in recent periods.
In the past year, State Bank of The Lakes has decreased its total deposits by -$18.62 million, resulting in -2.97% 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 State Bank of The Lakes has shown is below average.
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. State Bank of The Lakes has $764.7 million in assets with $124.18 million in equity, resulting in a capitalization level of 16.24%, which is excellent.
|FDIC Certificate #||5744|
|Assets and Liabilities|
|Equity Capital||$120.85 million|
|Loan Loss Allowance||$3.33 million|
|Unbacked Noncurrent Loans||$2.11 million|
|Real Estate Owned||$34,000|
|Historic Data - December 2012|
|Equity Capital||$116.73 million|
|Loan Loss Allowance||$3.64 million|
|Unbacked Noncurrent Loans||$2.11 million|
|Real Estate Owned||$682,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.37%|
|Return on Assets||0.79%|
|Return on Equity||5.05%|
|Interest Income||$25.60 million|
Always verify rates and promotions with the bank or credit union. We are not State Bank of The Lakes, we are a rate comparison website and can not provide official rates or promotions.
|0.13%||$99k||-||Business Passbook CD|
|0.10%||-||-||Christmas Club Passbook|
|1.61%||$99k||-||5 Year CD|
|1.61%||$99k||-||Business 5 Year CD|
|1.21%||$99k||-||4 Year CD|
|1.21%||$99k||-||Business 4 Year CD|
|0.80%||$99k||-||3 Year CD|
|0.80%||$99k||-||Business 3 Year CD|
|0.30%||$99k||-||12 Month CD|
|0.30%||$99k||-||18 Month CD|
|0.30%||$99k||-||2 Year CD|
|0.30%||$99k||-||Business 12 Month CD|
|0.30%||$99k||-||Business 18 Month CD|
|0.25%||$99k||-||9 Month CD|
|0.25%||$1k||-||18 Month Variable Rate CD|
|0.25%||$99k||-||Business 9 Month CD|
|0.25%||$1k||-||Business 18 Month Variable Rate CD|
|0.20%||$99k||-||6 Month CD|
|0.20%||$99k||-||Business 6 Month CD|
|0.01%||$99k||-||30 Day CD|
|0.01%||$99k||-||60 Day CD|
|0.01%||$99k||-||90 Day CD|
|0.01%||$99k||-||Business 30 Day CD|
|0.01%||$99k||-||Business 60 Day CD|
|0.01%||$99k||-||Business 90 Day CD|
|State Bank of The Lakes Locations|
|Spring Grove Branch||1906 Holian Drive||Spring Grove, IL 60081|
|Lindenhurst Branch||2031 East Grand Avenue||Lindenhurst, IL 60046|
|South Milwaukee Branch||345 South Milwaukee Avenue||Lake Villa, IL 60046|
|State Bank Of The Lakes||440 Lake Street||Antioch, IL 60002|
|Grayslake Branch||50 Commerce Drive||Grayslake, IL 60030|