Lake Federal Bank, FSB

Headquarters

7048 Kennedy Avenue
Hammond, IN 46323
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Lake Federal Bank, FSB is an FDIC insured institution located in Hammond, IN. It was founded in 1956 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30927
Date Established 1956
Assets $ 62.52 million
Loans $ 46.25 million
Deposits $ 47.96 million
Capital $ 14.02 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Lake Federal Bank, FSB

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Lake Federal Bank, FSB
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Branches

Lake Federal Bank, FSB 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:
Fairfield,Connecticut


Lake Federal Bank, FSB Locations


Financial Details

Lake Federal Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lake Federal Bank, FSB. 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
Lake Federal Bank, FSB U.S. Bank Average
0.45% 6.94%

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 March 31, 2020, Lake Federal Bank, FSB had $64,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,022,000 in equity and $207,000 in loans loss reserves. That gives it a Texas Ratio of 0.45%.

Return on Equity
Lake Federal Bank, FSB U.S. Bank Average
-5.92% 7.80%

Lake Federal Bank, FSB has a Return on Equity of -5.92% versus the BestCashCow average of 7.80%. 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
Lake Federal Bank, FSB U.S. Bank Average
22.43% 12.68%

Lake Federal Bank, FSB has a Capitalization of 22.43% versus the BestCashCow average of 12.68. 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.

Lake Federal Bank, FSB Balance Sheet Analysis

As of June 30, 2016, Lake Federal Bank, FSB had assets of $62,517,000, loans of $46,249,000, and deposits of $47,964,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 46.25 million
Loan loss allowance $ 0.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 47.96 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 62.52 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Lake Federal Bank, FSB’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Indiana, Lake Federal Bank, FSB has a significantly higher percent of 1-4 Family Residential 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 97.54
Multifamily
Mortgages
0.31
Credit Card Loans 0.00
Consumer Auto Loans 0.35
Small Business Loans 2.06
Construction and Development Loans 0.07
Commercial Real Estate 2.06
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Lake Federal Bank, Fsb

Branches and Savings

Is Lake Federal Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #30927.

Why does Lake Federal Bank, Fsb pay such low interest on savings accounts?

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

Why are Lake Federal Bank, Fsb CD rates not competitive?

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

Is Lake Federal Bank, Fsb a commercial bank?

Yes

Where are Lake Federal Bank, Fsb locations?

See branch locations nearby.

Is Lake Federal Bank, Fsb open on Saturdays?

Is Lake Federal Bank, Fsb open on Sundays?

What time does Lake Federal Bank, Fsb open?

What time does Lake Federal Bank, Fsb close?

Are Lake Federal Bank, Fsb ATMs Open 24/7?

Do Lake Federal Bank, Fsb ATMs accept cash deposits?

Can Lake Federal Bank, Fsb customers use other ATMs?

Do Lake Federal Bank, Fsb branches have notaries?

Will Lake Federal Bank, Fsb notarize my document?

What address for Lake Federal Bank, Fsb should I put for incoming ACH transfers?

Will the Lake Federal Bank, Fsb branch print checks?

Do Lake Federal Bank, Fsb checks expire?

Does Lake Federal Bank, Fsb require US citizenship to open account?

Can Lake Federal Bank, Fsb close my account?

Does Lake Federal Bank, Fsb Report to credit bureaus?

Does Lake Federal Bank, Fsb Use Equifax?

What is Lake Federal Bank, Fsb's ACH Routing Number?

What is Lake Federal Bank, Fsb's SWIFT code?

Products

Does Lake Federal Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Lake Federal Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lake Federal Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Lake Federal Bank, Fsb offer student loans?

Will Lake Federal Bank, Fsb cash a check?

Will Lake Federal Bank, Fsb redeem a savings bond?

Does Lake Federal Bank, Fsb cash savings bonds?

Will Lake Federal Bank, Fsb cash money orders?

Can Lake Federal Bank, Fsb issue a money order?

Does Lake Federal Bank, Fsb do currency exchange?

Background on The Bank

Who owns Lake Federal Bank, Fsb?

How long has Lake Federal Bank, Fsb been around?

Can Lake Federal Bank, Fsb transfer to other banks?

Does Lake Federal Bank, Fsb have quick pay?

Does Lake Federal Bank, Fsb accept rolled coins?

Will Lake Federal Bank, Fsb accept loose change?

Where is Lake Federal Bank, Fsb headquarters?

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