Lakeview Bank

Headquarters

9725 163rd Street West
Lakeville, MN 55044
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

Lakeview Bank is an FDIC insured institution located in Lakeville, MN. It was founded in 2004 and has approximately $0.11 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 57785
Date Established 2004
Assets $ 109.02 million
Loans $ 82.46 million
Deposits $ 91.47 million
Capital $ 9.88 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Lakeview 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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $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 Lakeview Bank
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Branches

Lakeview Bank 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


Lakeview Bank Locations


Financial Details

Lakeview Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lakeview Bank. 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
Lakeview Bank U.S. Bank Average
8.51% 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, Lakeview Bank had $798,000 in non-current loans and $132,000 in owned real estate. To cover these potential losses it had $9,882,000 in equity and $1,042,000 in loans loss reserves. That gives it a Texas Ratio of 8.51%.

Return on Equity
Lakeview Bank U.S. Bank Average
9.53% 7.80%

Lakeview Bank has a Return on Equity of 9.53% 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
Lakeview Bank U.S. Bank Average
9.06% 12.68%

Lakeview Bank has a Capitalization of 9.06% 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.

Lakeview Bank Balance Sheet Analysis

As of March 31, 2020, Lakeview Bank had assets of $109,022,000, loans of $82,461,000, and deposits of $91,474,000. 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 $ 15.76 million
Interest-bearing balances $ 14.18 million
Total securities $ 7.68 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 82.46 million
Loan loss allowance $ 1.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.13 million
Goodwill and other intangibles N.A.
All other assets $ 0.79 million
     Total Assets $ 99.14 million
LIABILITIES
Total deposits $ 91.47 million
      Interest-bearing deposits $ 66.19 million
      Deposits held in domestic offices $ 91.47 million
      % insured (estimated) 74.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 0.67 million
      Total Liabilities $ 99.14 million
      Shareholders’ Equity $ 9.88 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.24 million
Total Interest Expense $ 0.21 million
Net interest income $ 1.03 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.10 million
Total non interest expense $ 0.78 million
Pre-tax Net Operating Income $ 0.32 million

Bank Loan Profile?

The top three loan types in Lakeview Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, Lakeview Bank has a significantly higher percent of Small Business 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 39.10
Multifamily
Mortgages
3.40
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 15.92
Construction and Development Loans 5.87
Commercial Real Estate 29.23
Commercial and Industrial Loans 22.13
Farm Loans 0.02

Frequently Asked Questions About Lakeview Bank

Branches and Savings

Is Lakeview Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57785.

Why does Lakeview Bank pay such low interest on savings accounts?

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

Why are Lakeview Bank CD rates not competitive?

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

Is Lakeview Bank a commercial bank?

Yes

Where are Lakeview Bank locations?

See branch locations nearby.

Is Lakeview Bank open on Saturdays?

Is Lakeview Bank open on Sundays?

What time does Lakeview Bank open?

What time does Lakeview Bank close?

Are Lakeview Bank ATMs Open 24/7?

Do Lakeview Bank ATMs accept cash deposits?

Can Lakeview Bank customers use other ATMs?

Do Lakeview Bank branches have notaries?

Will Lakeview Bank notarize my document?

What address for Lakeview Bank should I put for incoming ACH transfers?

Will the Lakeview Bank branch print checks?

Do Lakeview Bank checks expire?

Does Lakeview Bank require US citizenship to open account?

Can Lakeview Bank close my account?

Does Lakeview Bank Report to credit bureaus?

Does Lakeview Bank Use Equifax?

What is Lakeview Bank's ACH Routing Number?

What is Lakeview Bank's SWIFT code?

Products

Does Lakeview Bank offer mortgages?

Compare mortgage rates here.

Does Lakeview Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lakeview Bank offer personal loans?

Compare personal loan rates here.

Does Lakeview Bank offer student loans?

Will Lakeview Bank cash a check?

Will Lakeview Bank redeem a savings bond?

Does Lakeview Bank cash savings bonds?

Will Lakeview Bank cash money orders?

Can Lakeview Bank issue a money order?

Does Lakeview Bank do currency exchange?

Background on The Bank

Who owns Lakeview Bank?

How long has Lakeview Bank been around?

Can Lakeview Bank transfer to other banks?

Does Lakeview Bank have quick pay?

Does Lakeview Bank accept rolled coins?

Will Lakeview Bank accept loose change?

Where is Lakeview Bank headquarters?

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