Lakeside Community Bank
Sterling Heights, MI · Owner: Michigan Community Bcorp LTD
$49.2M
total assets, March 31, 2010
$49.2M
total assets, March 31, 2010
Lakeside Community Bank was a state nonmember bank in Sterling Heights, MI, owned by Michigan Community Bcorp LTD. It failed on Apr 16, 2010, and its insured deposits were paid out. At its last report it held $49.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 16, 2010
- Assets
- $49.2M
- Deposits
- $48.6M
- Estimated cost
- $21.0M
- Deposits went to
- payout
Total assets
$49.2M
-25.8% in a year · -7.3% in a quarter
Deposits
$48.6M
-21.4% in a year · -7.0% in a quarter
Loans
$39.3M
-13.5% in a year · -2.3% in a quarter
Profit so far
-$173K
Jan 1 to Mar 31, 2010
Capital ratio
0.73%
-5.83 pts in a year
Return on assets
-1.35%
+9.97 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 43850 Schoenherr Road, Sterling Heights, MI, 48313
- County
- Macomb
- Holding company
- Michigan Community Bcorp LTD
- Established
- Jan 5, 1999
- Failed
- Apr 16, 2010
- Employees
- 10
- Branches
- 1
- Id
- b34878
Quarter by quarter
March 31, 1999 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Lakeside Community Bank?
$49.2 million in total assets and $48.6 million in deposits as of March 31, 2010, with assets down 25.8% from a year before. Its loans were $39.3 million.
How many branches does Lakeside Community Bank have?
1 branch in Michigan as of June 30, 2026.
Is Lakeside Community Bank profitable?
No: it lost $173,000 from January 1 to March 31, 2010. Its return on assets was -1.35% a year; about 1% is typical.
Who owns Lakeside Community Bank?
Lakeside Community Bank is owned by Michigan Community Bcorp LTD, its holding company.
When did Lakeside Community Bank fail?
Apr 16, 2010. The estimated cost of the failure was $21.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.