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440 Lake Street
Antioch, IL 60002

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.

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Reviews (1)

Unprofessional And Borderline Unethical

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.


Data for Q4 2013

Institution Health


Texas Ratio


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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

FDIC Certificate #5744
Year Established1926
Primary RegulatorFED
Assets and Liabilities
Assets$764.70 million
Loans$538.71 million
Deposits$607.44 million
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
Assets$781.71 million
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 Margin3.37%
Return on Assets0.79%
Return on Equity5.05%
Interest Income$25.60 million

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State Bank of The Lakes Savings Account Rates

0.13%$99k-Passbook CD
0.13%$99k-Business Passbook CD
0.10%--Christmas Club Passbook
0.07%--Passbook Savings
0.07%--Statement Savings

State Bank of The Lakes Money Market Rates

0.12%$500k-Money Market
0.12%$500k-Business Sweep

State Bank of The Lakes Checking Account Rates

1.51%-$10kRewards Checking
0.01%--Personal NOW
0.01%--Charter Checking
0.01%--Platinum Preferred
0.01%--Rewards Checking

State Bank of The Lakes CD Rates

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 Branch1906 Holian DriveSpring Grove, IL 60081
Lindenhurst Branch2031 East Grand AvenueLindenhurst, IL 60046
South Milwaukee Branch345 South Milwaukee AvenueLake Villa, IL 60046
State Bank Of The Lakes440 Lake StreetAntioch, IL 60002
Grayslake Branch50 Commerce DriveGrayslake, IL 60030