Lake Federal Bank, FSB in Hammond, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Lake Federal Bank, FSB in Hammond, Indiana (IN)
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Lake Federal Bank, FSB - Overview

  • General
  • FDIC Certificate #: 30927
    Status: Active
    Federal Reserve ID: 953478
    Date Established: January 01, 1956
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 6128
    FDIC's unique #: 43761
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 30, 1957
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7048 Kennedy Avenue, Hammond, IN 46323
    County: Lake
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Gary, IN (#2960)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Gary, IN (#23844)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $74.4 mil
    Equity capital: $13.7 mil
    Deposits held in domestic offices: $57.3 mil
    Return on assets (ROA): 0.46% ($0.3 mil)
    Quarterly return on assets: 0.49% ($0.4 mil)
    Return on Equity (ROE): 2.53% ($0.4 mil)
    Quarterly return on equity: 2.66% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.76% ($565.5 mil)
    Quarterly Pretax return on assets: 0.80% ($595.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $74,409Total assets
  • $11,388Cash and due from depository institutions
  • $8,913Interest-bearing balances
  • $5,140Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,398Net loans & leases
  • $216Loan loss allowance
  • $0Trading account assets
  • $3,472Bank premises and fixed assets
  • $50Other real estate owned
  • $0Goodwill and other intangibles
  • $74,409Life insurance assets
  • $961All other assets
  • $60,686Total liabilities and capital
  • $57,316Total liabilities
  • $56,520Total deposits
  • $57,316Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $370Subordinated debt
  • $13,723All other liabilities
  • $13,723Total equity capital
  • $13,723Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $13,723Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $598Income earned, not collected on loans
  • $0Earning assets
  • $199Long-term assets (5+ years)
  • $67,451Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $75,086Volatile liabilities
  • $74,726Insider loans
  • $37,351FHLB advances
  • $74,315Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,666Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,831Restructured Loans and leases
  • $375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,055Total interest income
  • $642Total interest expense
  • $2,413Net interest income
  • $96Provision for loan and lease losses
  • $86Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $86Additional noninterest income
  • $1,836Total noninterest expense
  • $1,077Salaries and employee benefits
  • $507Premises and equipment expense
  • $252Additional noninterest expense
  • $567Pre-tax net operating income
  • $0Securities gains (losses)
  • $224Applicable income taxes
  • $343Income before extraordinary items
  • $0Extraordinary gains - net
  • $343Net income attributable to bank
  • $0Net charge-offs
  • $343Cash dividends
  • $96Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 2.53%Return on equity (ROE)
  • 2.53%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 6.91%Efficiency ratio
  • 73,469Assets per employee
  • 4.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.40%Loss allowance to noncurrent loans
  • 36.12%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 93.16%Net loans and leases to core deposits
  • 109.00%Equity capital to assets
  • 18.44%Core capital (leverage) ratio
  • 18.39%Tier 1 risk-based capital ratio
  • 36.59%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $75,086Average earning assets
  • $13,544Average equity
  • $67,917Average loans

List of branches

  • 3 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043761Lake Federal Bank, Fsb7048 Kennedy Avenue, Hammond, IN 46323January 01, 1956Full Service Brick and Mortar
    1282656Indianapolis Boulevard Branch10249 Indianapolis Boulevard, Highland, IN 46322May 04, 1998Full Service Brick and Mortar
    2495525Saint John Branch10865 Parrish Avenue, Saint John, IN 46373July 01, 2008Full Service Brick and Mortar

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