How profitable a bank is affects its long-term survivability. Earnings may be retained by the bank, boosting its capital buffer, or be used to address problematic loans, likely making the bank more resilient in times of trouble. Conversely, losses reduce a bank's ability to do those things.
On Bankrate's earnings test, Lakeside National Bank scored 8 out of a possible 30, failing to reach the national average of 15.12.
One key measure of a bank's earnings is return on equity, or net income (profit, basically) divided by the total amount of equity. Lakeside National Bank's most recent annualized quarterly return on equity was 3.65 percent, below the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank earned net income of $221,000 on total equity of $6.1 million. The bank experienced an annualized return on average assets, or ROA, of 0.33 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.