Enroll » Login Language Our Story Welcome to the Lakeside Family. For more than fifty years, we’ve built relationships. Internally by giving our employees the authority to make decisions for their clients. Externally by providing our clients with customized service with impressive speed. This combination of responsibility, tailored products and urgency means both personnel and clients stay with Lakeside for decades. Even generations. Yes, we’re a bank. But it becomes more than business when you work with folks for as long as we do. Message From The Chairman 2020 Financial Summary Dear Shareholders, Clients, Neighbors and Friends, There are moments in history that define us. The financial crisis of 2008. And just last year a pandemic and social upheaval. Throughout 2020, we faced the unknown and remained strong, persevering again with our clients … together, offering $180 million in expeditious paycheck protection program application approvals. During the most adverse times in life, we all need the fortitude of a bank that is responsive, with strength in its balance sheet. Lakeside is a proven model and partner. Choosing us … well, is an epiphany for many. New clients are amazed at how we serve them. And how we work together. I’m very proud to report Lakeside Bank surpassed every challenge in 2020. Every Lakesider has my appreciation, respect, and thanks. Both individual efforts and Lakeside teamwork, day after long day, was outstanding. Our industry leading client service never skipped a beat. And not a single Lakesider was laid off or furloughed. 2020 confirmed how precious family, friends, colleagues, and clients truly are. Human connections and time are what life is about. In an age of increasing automation, and one where most people rarely talk to the same banker twice, Lakeside is a client-pleasing anomaly. Old School where it counts. High Tech throughout. Sure, we can do virtually anything the big banks can do electronically. But at Lakeside, technology is a tool, not a way to treat clients. Meaning we remain hands-on. True Personal Bankers. Our clients have one banker. One point of contact. For years. Decades. We innovate for our clients. We customize programs for our clients. We make decisions quickly for our clients. And the result is, well, RESULTS. And recognition. We’re sort of a now 55-year-old “overnight success”. Thanks to our people and the success of our clients. Lakeside’s Growth in 2020 Continued – Financial Summary Reflecting our efforts, and client trust, 2020 financial results were strong. We also planned conservatively, building significant reserves. Key indicators from our 54th year: Net core earnings of $28.6 million represents a 1.38 return on average assets and a 13.55 return on equity. The year ended with $2.2 billion in total assets, up 17% from year-ago. This includes $1.6 billion in total loans. Stockholder equity grew from $210.1 million to $211.4 million. In keeping with tradition, our capital ratios remain significantly above regulatory “well capitalized” levels. The Road Ahead Even before the various stimulus and investment programs, the economy was poised for take-off. The pent-up demand for entertainment, dining out, travel, home purchases and white goods is dramatic. Positive spending and employment trends continue. Barring unexpected setbacks, it will accelerate. Our long-term plans remain unique for Chicago banks. Confident in the future, we continued planning Lakeside growth in 2020. And the result is three new Lakeside branches. While other banks are shrinking, Lakeside Bank is carefully growing. Our Oakbrook Terrace branch opened June 2021. Bridgeport in July. Park Ridge joins them early 2022. These are gorgeous, full-service banks. With drive-throughs. We don’t do tiny store fronts with an ATM and a video screen. That’s not Lakeside. That’s not a relationship. We hope you’ll visit our new branches, soon. Other Notable 2020 Achievements To better serve our clients, we put three simple programs in place. First, during business hours our phones are answered by a Lakeside Banker. A professional with knowledge and experience who can help immediately. No operators. No call centers. Second, all our tellers are Lakeside Bankers. Whether using a Lakeside lobby or drive through, you have a Lakeside Banker. Third, we added a ‘live chat’ function to our website. So, questions can be asked and answered right away. And again, we staff it with, you guessed it, Lakeside Bankers. These may seem like small steps. They’re not. They reinforce our commitment to connecting with and serving our clients. And you won’t find them at most other banking institutions. The Paycheck Protection Program (PPP) literally required an “all hands-on deck” team effort. Even our most senior officers rolled up their sleeves (or pulled up their sweatshirt sleeves when working from home) and got PPP done for clients. And non-clients. Our personal approach made the system work to our clients’ advantage. We didn’t just file electronically. We engaged. I was gratified to see how many businesses we could help. Treasury Management is now live with the Lakeside Bank FX+ platform, a global payments platform built to help commercial clients save time and money when sending funds internationally. The Lakeside Bank FX+ user-platform ensures funds reach their destination faster and more securely, providing welcome reassurance to our clients. We continue to upgrade our web based & mobile banking platforms (both consumer and business) with more powerful and easy to use systems. For example, recent commercial online banking improvements have created a more streamlined interface for payments, reports and integration within customer account and ERP software. The Residential Mortgage Department had another record year in 2020. Despite the pandemic and limited real estate inventory for sale, the Lakeside Bank Team increased both closed transactions and dollars funded. Mortgage rates remained low which helped fuel our refinance business. A bright light in 2020 was the number of new clients drawn to the bank. New partners too; realtors, builders and CPA’s / Financial Planners who are sending us their clients. Our personal service reputation continues to spread. Our 2020 Marketing maintained brand awareness through intensified social media and email campaign plus select advertising. We also continued support for many charitable organizations, who so badly needed assistance in 2020. In May of 2021, we returned to Chicago market advertising with new “Lisa & Phil” radio commercials. As always, each spot addresses a single consumer or business banking service or product, with Lakeside the answer. The work is unique for the banking industry, memorable and highly competitive. And we continue to own the “Call to the Pen” pitching change with both the Chicago Cubs and the White Sox. Our “It’s about time” tagline exactly fits what the viewer is thinking so the brand and advertising recall has proven outstanding. There is also sustained social media, email, and newspaper advertising. And we have significant support for the new branches via billboards, local newspaper, and targeted direct mail & email. We’re confident the world will continue to recover from the health, social & economic challenges we’ve faced. Lakeside is on a dramatic growth trajectory. 2021 will be an exciting year. We look forward to deepening client relationships … and adding many new ones. Sincerely, Philip D. Cacciatore Chairman & Chief Executive Officer Lakeside Since 1999 Mission Statement Our History Annual Reports Bank Officers Mortgage Board of Directors Executive Committee Mission Statement Lakeside Bank is a leading, independent community bank that specializes in serving small and medium sized businesses in Chicago. By applying vigilance and utilizing superior business intelligence, we seek to create, identify and serve niche markets consistent with our expertise. We are committed to provide personalized service beyond the expectations of our customers by developing and leveraging close, long-term relationships. We will optimize shareholder value. We retain a knowledgeable employee base and strive to provide a fulfilling and supportive environment. 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