Lakeside Bank in Lake Charles, Louisiana (LA)



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Table of contents:
Lakeside Bank
GeneralFDIC Certificate #: 58961
Status: Active
Federal Reserve ID: 4165907
Date Established: July 26, 2010
WWW: http://www.lakesidebanking.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 483420
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 26, 2010
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
LocationAddress: 4735 Nelson Road, Lake Charles, LA 70606
County: Calcasieu
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Lake Charles, LA (#3960)
Combined Statistical Area (CSA): Lake Charles-Jennings, LA (#324)
Core Based Statistical Area (CBSA): Lake Charles, LA (#29340)
CBSA Metro Statistical Area: Lake Charles, LA (#29340)
History of ChangesChange in Location
Financial SummaryTotal assets: $62.1 mil
Equity capital: $11.2 mil
Deposits held in domestic offices: $50.7 mil
Return on assets (ROA): -1.69% (-$1.0 mil)
Quarterly return on assets: -1.11% (-$0.7 mil)
Return on Equity (ROE): -6.36% (-$0.7 mil)
Quarterly return on equity: -5.90% (-$0.6 mil)
Net income: -$0.7 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: -2.57% (-$1,595.5 mil)
Quarterly Pretax return on assets: -1.70% (-$1,055.4 mil)

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$62,082
Cash and due from depository institutions$18,512
Interest-bearing balances$17,830
Securities$13,562
Federal funds sold & reverse repurchase agreements$300
Net loans & leases$26,754
Loan loss allowance $246
Trading account assets$0
Bank premises and fixed assets$1,906
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,048
Life insurance assets$62,082
Total liabilities and capital$50,868
Total liabilities$50,741
Total deposits$49,638
Interest-bearing deposits$50,741
Deposits held in domestic offices$76
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $127
All other liabilities $11,214
Total equity capital$11,214
Total bank equity capital$11,214
Perpetual preferred stock$0
Common stock$1,311
Surplus$11,798
Undivided profits $-1,895
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $127
Average Assets, year-to-date $58,446
Average Assets, quarterly $14,421
Volatile liabilities $42,923
Insider loans $60,351
FHLB advances $29,563
Loans and leases held for sale $59,007
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,148
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,544
Derivatives$2,409
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,012
Total interest expense $358
Net interest income $654
Provision for loan and lease losses $212
Total noninterest income $22
Fiduciary activities $0
Service charges on deposit accounts $15
Trading account gains & fees $0
Additional noninterest income $7
Total noninterest expense $1,569
Salaries and employee benefits $805
Premises and equipment expense $197
Additional noninterest expense $567
Pre-tax net operating income -$1,105
Securities gains (losses) $0
Applicable income taxes -$378
Income before extraordinary items -$727
Extraordinary gains - net $0
Net income attributable to bank -$727
Net charge-offs $0
Cash dividends -$727
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.51%
Cost of funding earning assets 0.89%
Net interest margin 1.62%
Noninterest income to earning assets 0.05%
Noninterest expense to earning assets 3.89%
Net operating income to assets -1.69%
Return on assets (ROA) -1.69%
Pretax return on assets -2.57%
Return on equity (ROE) -6.36%
Retained earnings to average equity (YTD only) -6.36%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$232,101
Cash dividends to net income (YTD only)4.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 52.73%
Equity capital to assets 76.95%
Core capital (leverage) ratio 18.06%
Tier 1 risk-based capital ratio 17.20%
Total risk-based capital ratio 34.33%
Memoranda
Average assets$35
Average earning assets$42,923
Average equity $11,432
Average loans $40,288
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1 Louisiana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0483420Lakeside Bank4735 Nelson Road, Lake Charles, LA 70606July 26, 2010Full Service Brick and Mortar
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