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Lake-Osceola State Bank, Financial Information

AboutLake-Osceola State Bank

 Address:
790 North Michigan Avenue
Baldwin,MI
Lake County,Michigan
 Established:
Jan 1908
 Number of domestic offices:
10
Total assets$343M
Net income$3M
Net income,quarterly$1M
Total deposits$286M
Domestic deposits$286M
Equity capital$29M
ROA0.91%
ROAQ,quarterly0.82%
ROA,pretax0.82%
ROAQ,quarterly,pretax0.85%
ROE10.58%
ROEQ,quarterly9.94%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Lake-Osceola State Bank offers savings and money market accounts. The bank was established in 1917. It provides a variety of personal and business banking and check writing services. The bank offers consumer, vehicle, mortgage, vacant land, home equity, equipment, business purchase and guarantee loans.

Lake-Osceola State Bank also provides travelers checks, safe-deposit boxes, certificates of deposit and lines of credit. The bank is a member of the Federal Deposit Insurance Corporation.

It additionally offers overdraft protection, cash management and online banking services, as well as ATM, credit and debit cards. Lake-Osceola State Bank works in association with assistance groups, such as Michigan Talent Bank and Michigan Unemployment Agency.

Lake Osceola State Bank
102 North Michigan Avenue
Big Rapids, MI 49307
(231) 796-8879

Historical Data