Lakeside Bank is headquartered in Chicago and is the 26th largest bank in the state of Illinois. It is also the 459th largest bank in the nation. It was established in 1966 and as of June of 2020, it had grown to 166 employees at 7 locations. Lakeside Bank's money market rates are 14% higher than the national average, and it has an A health rating.
Terrible Customer Service
Called Lakeside Bank regarding opening a CD.
Had to wait on hold for 10 minutes before anyone picked up.
Customer service person was not able to answer any of my questions.
Customer service person was not able to connect me to anyone more knowledgeable.
Total waste of time
Bill Pay Nightmare
Don't trust the group they outsource for bill pay. My payment was never received and now I am stuck with a late fee. They claim to be conducting an investigation for weeks. However, I found out they are just calling my payee, harassing them, in order to attempt to have the late fee erased!
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19573 |
| Year Established | 1966 |
| Employees | 166 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.48% |
| Return on Equity - YTD | 14.01% |
| Annual Interest Income | $43.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $2.14B$1.76B |
| Loans | Q2 2020vs Q2 2019 | $1.67B$1.42B |
| Deposits | Q2 2020vs Q2 2019 | $1.75B$1.45B |
| Equity Capital | Q2 2020vs Q2 2019 | $207.2MM$205.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $27.4MM$24.6MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $9.9MM$6.9MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $1.7MM$1.8MM |