Lakestone Bank & Trust

83 West Nepessing Street
Lapeer, MI 48446

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 14913
Date Established 1902
Assets $0.64 billion
Loans $0.39 billion
Deposits $0.56 billion
Capital $0.06 billion

Lakestone Bank & Trust is an FDIC insured institution located in Lapeer, MI. It was founded in 1902 and has approximately $0.64 billion in assets. Customers can open an account at one of its 13 branches.

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

Deposit Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $19,999 Learn MoreShow Less
Money Market
0.13% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.14% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
0.21% $25,000 - Learn MoreShow Less
6 Mo CD
0.15% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.40% $25,000 - Learn MoreShow Less
12 Mo CD
0.21% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
0.60% $25,000 - Learn MoreShow Less
18 Mo CD
0.21% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
0.60% $25,000 - Learn MoreShow Less
24 Mo CD
0.50% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
0.75% $25,000 - Learn MoreShow Less
30 Mo CD
0.50% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.34% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.90% $25,000 - Learn MoreShow Less
48 Mo CD
0.70% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
1.00% $25,000 - Learn MoreShow Less
60 Mo CD
0.75% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
1.26% $25,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.42% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
5 Year 3.54% 3.29% $452.45

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Lakestone Bank & Trust 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


Lakestone Bank & Trust Locations


Financial Details

Lakestone Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lakestone Bank & Trust. 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
Lakestone Bank & Trust U.S. Bank Average
3.07% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Lakestone Bank & Trust had $1,496,000 in non-current loans and $508,000 in owned real estate. To cover these potential losses it had $63,549,000 in equity and $1,690,000 in loans loss reserves. That gives it a Texas Ratio of 3.07%.

Return on Equity
Lakestone Bank & Trust U.S. Bank Average
11.75% 9.47%

Lakestone Bank & Trust has a Return on Equity of 11.75% versus the BestCashCow average of 9.47%. 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
Lakestone Bank & Trust U.S. Bank Average
9.99% 12.49%

Lakestone Bank & Trust has a Capitalization of 9.99% versus the BestCashCow average of 12.49. 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.

Lakestone Bank & Trust Balance Sheet Analysis

As of March 31, 2019, Lakestone Bank & Trust had assets of $636,415,000, loans of $385,705,000, and deposits of $561,805,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.19 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.39 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.57 billion
LIABILITIES
Total deposits $0.56 billion
      Interest-bearing deposits $0.45 billion
      Deposits held in domestic offices $0.56 billion
      % insured (estimated) 88.75%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.57 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Lakestone Bank & Trust’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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.49
Multifamily
Mortgages
1.80
Credit Card Loans 0.00
Consumer Auto Loans 2.33
Small Business Loans 18.88
Construction and Development Loans 3.80
Commercial Real Estate 33.64
Commercial and Industrial Loans 15.10
Farm Loans 0.39

Frequently Asked Questions About Lakestone Bank & Trust

Branches and Savings

Is Lakestone Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #14913.

Why does Lakestone Bank & Trust pay such low interest on savings accounts?

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

Why are Lakestone Bank & Trust CD rates not competitive?

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

Is Lakestone Bank & Trust a commercial bank?

Yes

Where are Lakestone Bank & Trust locations?

See branch locations nearby.

Is Lakestone Bank & Trust open on Saturdays?

Is Lakestone Bank & Trust open on Sundays?

What time does Lakestone Bank & Trust open?

What time does Lakestone Bank & Trust close?

Are Lakestone Bank & Trust ATMs Open 24/7?

Do Lakestone Bank & Trust ATMs accept cash deposits?

Can Lakestone Bank & Trust customers use other ATMs?

Do Lakestone Bank & Trust branches have notaries?

Will Lakestone Bank & Trust notarize my document?

What address for Lakestone Bank & Trust should I put for incoming ACH transfers?

Will the Lakestone Bank & Trust branch print checks?

Do Lakestone Bank & Trust checks expire?

Does Lakestone Bank & Trust require US citizenship to open account?

Can Lakestone Bank & Trust close my account?

Does Lakestone Bank & Trust Report to credit bureaus?

Does Lakestone Bank & Trust Use Equifax?

What is Lakestone Bank & Trust's ACH Routing Number?

What is Lakestone Bank & Trust's SWIFT code?

Products

Does Lakestone Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Lakestone Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lakestone Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Lakestone Bank & Trust offer student loans?

Will Lakestone Bank & Trust cash a check?

Will Lakestone Bank & Trust redeem a savings bond?

Does Lakestone Bank & Trust cash savings bonds?

Will Lakestone Bank & Trust cash money orders?

Can Lakestone Bank & Trust issue a money order?

Does Lakestone Bank & Trust do currency exchange?

Background on The Bank

Who owns Lakestone Bank & Trust?

How long has Lakestone Bank & Trust been around?

Can Lakestone Bank & Trust transfer to other banks?

Does Lakestone Bank & Trust have quick pay?

Does Lakestone Bank & Trust accept rolled coins?

Will Lakestone Bank & Trust accept loose change?

Where is Lakestone Bank & Trust headquarters?

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