83 West Nepessing Street
Lapeer, MI 48446
See all branch locations →
Lakestone Bank & Trust is an FDIC insured institution located in Lapeer, MI. It was founded in 1902 and has approximately $0.72 billion in assets. Customers can open an account at one of its 13 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 14913 |
| Date Established | 1902 |
| Assets | $ 669.23 million |
| Loans | $ 400.48 million |
| Deposits | $ 588.56 million |
| Capital | $ 110.62 million |
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.
Your Current Location: Ohio, OH 43085
Your Current Location: Ohio, OH 43085
| 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.
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:
Columbus,Ohio
Lakestone Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
or use your BestCashCow account
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.
| Lakestone Bank & Trust | U.S. Bank Average |
|---|---|
| 1.31% | 3.96% |
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, 2024, Lakestone Bank & Trust had $679,000 in non-current loans and $773,000 in owned real estate. To cover these potential losses it had $110,620,000 in equity and $286,000 in loans loss reserves. That gives it a Texas Ratio of 1.31%.
| Lakestone Bank & Trust | U.S. Bank Average |
|---|---|
| 12.2% | 12.20% |
Lakestone Bank & Trust has a Return on Equity of 12.2% versus the BestCashCow average of 12.20%. 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.
| Lakestone Bank & Trust | U.S. Bank Average |
|---|---|
| 16.53% | 10.76% |
Lakestone Bank & Trust has a Capitalization of 16.53% versus the BestCashCow average of 10.76. 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.
As of March 31, 2020, Lakestone Bank & Trust had assets of $724,469,000, loans of $400,478,000, and deposits of $588,558,000. 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.
| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 48.72 million |
| Interest-bearing balances | $ 7.75 million |
| Total securities | $ 195.00 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 400.48 million |
| Loan loss allowance | $ 0.29 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.77 million |
| Goodwill and other intangibles | $ 45.44 million |
| All other assets | $ 25.27 million |
| Total Assets | $ 613.85 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 588.56 million |
| Interest-bearing deposits | $ 463.75 million |
| Deposits held in domestic offices | $ 588.56 million |
| % insured (estimated) | 87.96% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 23.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 2.29 million |
| Total Liabilities | $ 613.85 million |
| Shareholders’ Equity | $ 55.38 million |
| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 6.32 million |
| Total Interest Expense | $ 0.65 million |
| Net interest income | $ 5.67 million |
| Provision for loan and lease losses | $ 0.23 million |
| Total non interest income | $ 1.79 million |
| Total non interest expense | $ 4.28 million |
| Pre-tax Net Operating Income | $ 2.95 million |
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 | 34.50 | ✓ | ||
| Multifamily Mortgages |
1.90 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 2.20 | ✓ | ||
| Small Business Loans | 18.76 | ✓ | ||
| Construction and Development Loans | 6.59 | ✓ | ||
| Commercial Real Estate | 35.09 | ✓ | ||
| Commercial and Industrial Loans | 16.28 | ✓ | ||
| Farm Loans | 0.40 | ✓ | ||
Customer Reviews for Lakestone Bank & Trust
There are currently no comments for Lakestone Bank & Trust. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account