4558 Osage Beach Pkwy
Osage Beach, MO 65065
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First Bank of the Lake is an FDIC insured institution located in Osage Beach, MO. It was founded in 1987 and has approximately $1.33 billion in assets.
FDIC Insured | Yes |
FDIC Certificate | # 26960 |
Date Established | 1987 |
Assets | $ 1,333.08 million |
Loans | $ 1,248.59 million |
Deposits | $ 1,150.12 million |
Capital | $ 102.00 million |
For a more detailed analysis of First Bank of the Lake'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
There are currently no loan rates available for First Bank of the Lake
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Monthly Payment |
Learn More |
---|---|---|---|---|
NMLS ID: 1025894 |
6.960% |
6.875% 0.63 points $2,764 fees |
$2,103 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% |
6.875% 0.50 points $3,145 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.338% |
7.250% 0.88 points $2,800 fees |
$2,183 | Learn More |
NMLS ID: 3029 |
points fees |
Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
6.990 %
After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR
7.900 %
After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to First Bank of the Lake
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First Bank of the Lake 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
Branch | Distance | Map | View Lobby Hours |
---|---|---|---|
528.19 | A | View Lobby Hours |
First Bank of the Lake is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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The following ratios and data are available to help you better understand the financial condition of First Bank of the Lake. 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.
First Bank of the Lake | U.S. Bank Average |
---|---|
20.55% | 4.48% |
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 June 30, 2024, First Bank of the Lake had $21,866,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $101,997,000 in equity and $4,383,000 in loans loss reserves. That gives it a Texas Ratio of 20.55%.
First Bank of the Lake | U.S. Bank Average |
---|---|
17.31% | 10.46% |
First Bank of the Lake has a Return on Equity of 17.31% versus the BestCashCow average of 10.46%. 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.
First Bank of the Lake | U.S. Bank Average |
---|---|
7.65% | 10.84% |
First Bank of the Lake has a Capitalization of 7.65% versus the BestCashCow average of 10.84. 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 June 30, 2024, First Bank of the Lake had assets of $1,333,075,000, loans of $1,248,590,000, and deposits of $1,150,119,000. 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 | $ 2.15 million |
Interest-bearing balances | $ 1.85 million |
Total securities | $ 44.98 million |
Federal funds sold and reverse repurchase | $ 3.20 million |
Net loans and leases | $ 1,248.59 million |
Loan loss allowance | $ 4.38 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 1.95 million |
All other assets | $ 17.00 million |
Total Assets | $ 1,231.08 million |
LIABILITIES | |
---|---|
Total deposits | $ 1,150.12 million |
Interest-bearing deposits | $ 1,133.70 million |
Deposits held in domestic offices | $ 1,150.12 million |
% insured (estimated) | 82.34% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 92.42 million |
Subordinated debt | N.A. |
All other liabilities | $ 4.37 million |
Total Liabilities | $ 1,231.08 million |
Shareholders’ Equity | $ 102.00 million |
INCOME AND EXPENSES | |
---|---|
Total Interest Income | $ 48.46 million |
Total Interest Expense | $ 24.29 million |
Net interest income | $ 24.18 million |
Provision for loan and lease losses | $ 3.07 million |
Total non interest income | $ 1.40 million |
Total non interest expense | $ 14.72 million |
Pre-tax Net Operating Income | $ 3.44 million |
The top three loan types in First Bank of the Lake’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks in Missouri, First Bank of the Lake has a significantly higher percent of Commercial and Industrial 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 | 0.56 | ✓ | ||
Multifamily Mortgages |
0.05 | ✓ | ||
Credit Card Loans | 0.00 | ✓ | ||
Consumer Auto Loans | 0.04 | ✓ | ||
Small Business Loans | 3.59 | ✓ | ||
Construction and Development Loans | 0.50 | ✓ | ||
Commercial Real Estate | 11.02 | ✓ | ||
Commercial and Industrial Loans | 22.82 | ✓ | ||
Farm Loans | 0.00 | ✓ |
Customer Reviews for First Bank of the Lake
Richard
June 10, 2021 |
I bank at this bank and they have the best people working there They all have a lot of knowledge and most all have been there a long time they do a great job and have the highest CD rates around
Is this review helpful? Yes:0 / No: 0
Eamatthews
March 16, 2021
Leo thanks for the heads up
Is this review helpful? Yes:0 / No: 0
Tamara Hudson
February 6, 2021 |
As someone who works in SBA lending at a larger financial institution I am appalled at the lack of service received from this bank. They obviously spent a great deal of money on Google ads for PPP, instead of investing in having sufficient support to execute the influx of applications received.
No one answers phone lines. No one responds to emails. Completed “pre-application” submitted on 1/13/2020 with all supporting documentation. Then I receive an email on a Friday evening that my application was declined due to lack of documentation (I believe they were more pressed about the negative Tweets I posted tbh).
It is no wonder they have such negative reviews. A prospective client can’t help but feel like they received the old bait and switch from First Bank.
Sadly, you are hurting small business owners with your inadequate customer support.
Is this review helpful? Yes:0 / No: 1
Leo
January 28, 2021 |
Worst bank
Is this review helpful? Yes:0 / No: 1
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