First Bank of the Lake

Headquarters

4558 Osage Beach Parkway Suite 100
Osage Beach, MO 65065
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.80% 0.67% →
2-Year CD 1.00% 0.75% →
5-Year CD 1.50% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Bank of the Lake is an FDIC insured institution located in Osage Beach, MO. It was founded in 1987 and has approximately $0.65 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26960
Date Established 1987
Assets $ 647.68 million
Loans $ 584.36 million
Deposits $ 170.10 million
Capital $ 21.05 million
 

For a more detailed analysis of First Bank of the Lake's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 14, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
Special: 6 Mo CD
0.90% $5,000 - Learn More
6 Mo CD
0.90% $10,000 $14,999 Learn More
6 Mo CD
0.90% $100,000 $199,999 Learn More
Special: 9 Mo CD
1.05% $5,000 - Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
Special: 15 Mo CD
1.20% $5,000 - Learn More
18 Mo CD
0.90% $10,000 $14,999 Learn More
18 Mo CD
0.90% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
Special: 26 Mo CD
1.30% $5,000 - Learn More
30 Mo CD
1.10% $10,000 $14,999 Learn More
30 Mo CD
1.10% $100,000 $199,999 Learn More
Special: 33 Mo CD
1.35% $5,000 - Learn More
36 Mo CD
1.20% $10,000 $14,999 Learn More
36 Mo CD
1.20% $100,000 $199,999 Learn More
Special: 42 Mo CD
1.40% $5,000 - Learn More
48 Mo CD
1.40% $10,000 $14,999 Learn More
48 Mo CD
1.40% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 6 Mo FIRA
0.90% $5,000 - Learn MoreShow Less
Special: 9 Mo FIRA
1.05% $5,000 - Learn MoreShow Less
Special: 15 Mo FIRA
1.20% $5,000 - Learn MoreShow Less
Special: 26 Mo FIRA
1.30% $5,000 - Learn MoreShow Less
Special: 33 Mo FIRA
1.35% $5,000 - Learn MoreShow Less
Special: 42 Mo FIRA
1.40% $5,000 - Learn MoreShow Less
 

Loan Rates - April 14, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Bank of the Lake

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.698% 2.625% 1.00 $2,370 $1,005 Learn More
CashCall Mortgage
NMLS ID: 128231
2.933% 2.875% 0.75 $1,875 $1,038 Learn More
Beeline Loans, Inc.
NMLS ID: 1799947
2.809% 2.750% 0.75 $1,902 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Bank of the Lake
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Bank of the Lake branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Bank of the Lake Locations


Financial Details

First Bank of the Lake Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of the Lake. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Bank of the Lake U.S. Bank Average
5.15% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First Bank of the Lake had $1,231,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,051,000 in equity and $2,868,000 in loans loss reserves. That gives it a Texas Ratio of 5.15%.

Return on Equity
First Bank of the Lake U.S. Bank Average
46.6% 9.24%

First Bank of the Lake has a Return on Equity of 46.6% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Bank of the Lake U.S. Bank Average
3.25% 11.96%

First Bank of the Lake has a Capitalization of 3.25% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Bank of the Lake Balance Sheet Analysis

As of December 31, 2020, First Bank of the Lake had assets of $647,684,000, loans of $584,363,000, and deposits of $170,104,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.10 million
Interest-bearing balances $ 35.17 million
Total securities $ 17.85 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 584.36 million
Loan loss allowance $ 2.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.09 million
All other assets $ 6.60 million
     Total Assets $ 626.63 million
LIABILITIES
Total deposits $ 170.10 million
      Interest-bearing deposits $ 156.61 million
      Deposits held in domestic offices $ 170.10 million
      % insured (estimated) 73.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 452.60 million
Subordinated debt N.A.
All other liabilities $ 3.93 million
      Total Liabilities $ 626.63 million
      Shareholders’ Equity $ 21.05 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.58 million
Total Interest Expense $ 3.28 million
Net interest income $ 16.29 million
Provision for loan and lease losses $ 2.32 million
Total non interest income $ 4.18 million
Total non interest expense $ 11.48 million
Pre-tax Net Operating Income $ 6.68 million

Bank Loan Profile?

The top three loan types in First Bank of the Lake’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Missouri, First Bank of the Lake has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.94
Multifamily
Mortgages
0.12
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 1.81
Construction and Development Loans 0.79
Commercial Real Estate 8.70
Commercial and Industrial Loans 89.62
Farm Loans 0.00

Frequently Asked Questions About First Bank Of The Lake

Branches and Savings

Is First Bank Of The Lake FDIC insured?

Yes. It is covered under FDIC Certificate #26960.

Why does First Bank Of The Lake pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Bank Of The Lake CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Bank Of The Lake a commercial bank?

Yes

Where are First Bank Of The Lake locations?

See branch locations nearby.

Is First Bank Of The Lake open on Saturdays?

Is First Bank Of The Lake open on Sundays?

What time does First Bank Of The Lake open?

What time does First Bank Of The Lake close?

Are First Bank Of The Lake ATMs Open 24/7?

Do First Bank Of The Lake ATMs accept cash deposits?

Can First Bank Of The Lake customers use other ATMs?

Do First Bank Of The Lake branches have notaries?

Will First Bank Of The Lake notarize my document?

What address for First Bank Of The Lake should I put for incoming ACH transfers?

Will the First Bank Of The Lake branch print checks?

Do First Bank Of The Lake checks expire?

Does First Bank Of The Lake require US citizenship to open account?

Can First Bank Of The Lake close my account?

Does First Bank Of The Lake Report to credit bureaus?

Does First Bank Of The Lake Use Equifax?

What is First Bank Of The Lake's ACH Routing Number?

What is First Bank Of The Lake's SWIFT code?

Products

Does First Bank Of The Lake offer mortgages?

Compare mortgage rates here.

Does First Bank Of The Lake offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of The Lake offer personal loans?

Compare personal loan rates here.

Does First Bank Of The Lake offer student loans?

Will First Bank Of The Lake cash a check?

Will First Bank Of The Lake redeem a savings bond?

Does First Bank Of The Lake cash savings bonds?

Will First Bank Of The Lake cash money orders?

Can First Bank Of The Lake issue a money order?

Does First Bank Of The Lake do currency exchange?

Background on The Bank

Who owns First Bank Of The Lake?

How long has First Bank Of The Lake been around?

Can First Bank Of The Lake transfer to other banks?

Does First Bank Of The Lake have quick pay?

Does First Bank Of The Lake accept rolled coins?

Will First Bank Of The Lake accept loose change?

Where is First Bank Of The Lake headquarters?

Customer Reviews for First Bank of the Lake


  • March 16, 2021

    CDs 12 Month Rates

    Leo thanks for the heads up

  • February 06, 2021 |

    As someone who works in SBA lending at a larger financial institution I am appalled at the lack of service received from this bank. They obviously spent a great deal of money on Google ads for PPP, instead of investing in having sufficient support to execute the influx of applications received.

    No one answers phone lines. No one responds to emails. Completed “pre-application” submitted on 1/13/2020 with all supporting documentation. Then I receive an email on a Friday evening that my application was declined due to lack of documentation (I believe they were more pressed about the negative Tweets I posted tbh).

    It is no wonder they have such negative reviews. A prospective client can’t help but feel like they received the old bait and switch from First Bank.

    Sadly, you are hurting small business owners with your inadequate customer support.

  • January 28, 2021 |

    Worst bank

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