Lakeside Community Bank


43850 Schoenherr Road
Sterling Heights, MI 48313
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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

Lakeside Community Bank is an FDIC insured institution located in Sterling Heights, MI. It was founded in 1999 and has approximately $0.05 billion in assets.

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Lakeside Community Bank, Sterling Heights, Michigan. The bank was closed April 16, 2010 by the Michigan Office of Financial and Insurance Regulation, which appointed the FDIC as receiver.

FDIC Insured Yes
FDIC Certificate # 34878
Date Established 1999
Assets $ 53.02 million
Loans $ 37.00 million
Deposits $ 52.29 million
Capital $ 0.59 million

For a more detailed analysis of Lakeside Community Bank'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 Lakeside Community Bank

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
Learn More
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Lakeside Community Bank
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Financial Details

Lakeside Community Bank Ratio Analysis

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

Texas Ratio
Lakeside Community Bank U.S. Bank Average
102.66% 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, Lakeside Community Bank had $3,971,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $586,000 in equity and $3,282,000 in loans loss reserves. That gives it a Texas Ratio of 102.66%.

Return on Equity
Lakeside Community Bank U.S. Bank Average
-204.63% 7.80%

Lakeside Community Bank has a Return on Equity of -204.63% 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.

Lakeside Community Bank U.S. Bank Average
1.11% 12.68%

Lakeside Community Bank has a Capitalization of 1.11% 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.

Lakeside Community Bank Balance Sheet Analysis

As of November 30, -0001, Lakeside Community Bank had assets of $49,173,000, loans of $36,999,000, and deposits of $52,290,000. 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
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 $ 37.00 million
Loan loss allowance $ 3.28 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.
Total deposits $ 52.29 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 $ 53.02 million

Summary Income Statement

March 31, 2020
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 Lakeside Community Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Lakeside Community Bank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Lakeside Community Bank

Branches and Savings

Is Lakeside Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34878.

Why does Lakeside Community Bank pay such low interest on savings accounts?

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

Why are Lakeside Community Bank CD rates not competitive?

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

Is Lakeside Community Bank a commercial bank?


Where are Lakeside Community Bank locations?

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Is Lakeside Community Bank open on Saturdays?

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Are Lakeside Community Bank ATMs Open 24/7?

Do Lakeside Community Bank ATMs accept cash deposits?

Can Lakeside Community Bank customers use other ATMs?

Do Lakeside Community Bank branches have notaries?

Will Lakeside Community Bank notarize my document?

What address for Lakeside Community Bank should I put for incoming ACH transfers?

Will the Lakeside Community Bank branch print checks?

Do Lakeside Community Bank checks expire?

Does Lakeside Community Bank require US citizenship to open account?

Can Lakeside Community Bank close my account?

Does Lakeside Community Bank Report to credit bureaus?

Does Lakeside Community Bank Use Equifax?

What is Lakeside Community Bank's ACH Routing Number?

What is Lakeside Community Bank's SWIFT code?


Does Lakeside Community Bank offer mortgages?

Compare mortgage rates here.

Does Lakeside Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lakeside Community Bank offer personal loans?

Compare personal loan rates here.

Does Lakeside Community Bank offer student loans?

Will Lakeside Community Bank cash a check?

Will Lakeside Community Bank redeem a savings bond?

Does Lakeside Community Bank cash savings bonds?

Will Lakeside Community Bank cash money orders?

Can Lakeside Community Bank issue a money order?

Does Lakeside Community Bank do currency exchange?

Background on The Bank

Who owns Lakeside Community Bank?

How long has Lakeside Community Bank been around?

Can Lakeside Community Bank transfer to other banks?

Does Lakeside Community Bank have quick pay?

Does Lakeside Community Bank accept rolled coins?

Will Lakeside Community Bank accept loose change?

Where is Lakeside Community Bank headquarters?

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