Message from the Chairman

Dear Shareholders, Customers, and Friends:

While Lakeside Bank achieved extraordinary financial results in 2013, the year ended on a very somber note with the passing of my father, my mentor, and our Chairman & CEO, Victor J. Cacciatore. As I consider the enormous contributions he has made to my life and to the success of the Bank, his emphasis on personal relationships stands out. In the late 1960s Raymond Spaeth, who later became Lakesides President and whose own father co-founded the Bank in 1966, walked into my fathers law office in Bridgeport to make a cold call on a prospective customer. This prospect was then a real estate investor, zoning attorney, and entrepreneur, deeply involved with his alma maters, Mount Carmel High School and DePaul University. Not only did that cold call evolve into a customer relationship but eventually turned into a directorship for my father on Lakeside Banks board. Ray has often told me that Victor Cacciatore referred more business than any other director on the Board. Without Rays initiative, without my fathers willingness to listen to him, without the personal relationship that subsequently developed, Lakeside Bank would not be what it is today. My father emphasized to me from a very early age that all great endeavors require not only hard work and education but, most importantly, great people. He always advised treating employees as family and surrounding oneself with strong personal relationships repeating that the key to this business is our personal relationships. My father loved Lakeside Bank and took pride in what this Bank had become not only because of the success we have achieved, but how we treat our employees and customers to get there.

Lakeside Bank ended 2013 with record earnings which allowed the Bank to further strengthen its balance sheet. Our net earnings of $30.7 million represents an 87% increase over 2012 earnings of $16.4 million with over $1.1 billion in total assets including $955.7 million in total loans. Our stockholders equity also grew from $134.0 million to $151.9  a substantial increase of $17.9 million or 13.4%. Our capital ratios are substantially above well capitalized levels with risk based capital at 16.7% and leverage capital at 13.7%. We have developed a solid financial foundation and positioned ourselves for future growth. We have many exciting new developments in process; none of which is more important than the relocation of our Indiana Avenue branch to 14th Street & Michigan Avenue (a new full service state-of-the-art facility) which will be built and occupied by the end of 2014. The Bank implemented its succession plan in the fourth quarter of 2013 with my election as Chairman and CEO and the election of David Pinkerton to the offices of President and Vice-Chairman.

Many banks say We Are Chicago but no institution is more connected to or provides better service to the communities of Chicago than Lakeside Bank. A world-class bank for a world-class city - We are a locally owned community bank with over $1.1 billion in assets. Our Directors, shareholders, and employees are all passionate about how Lakeside Bank serves its customers and the communities of this great city. We reinvest all of our deposits into the Chicago communities that we serve to stabilize and nourish them. Our lending expertise extends from the futures and securities industry to builders, developers, and a wide variety of businesses. We understand middle market banking, crafting solutions to help small and mid-size businesses prosper. We are recognized for more than just lending money and accepting deposits because of the service we offer. Our officers and employees are truly dedicated to their work and the customers they serve by providing them and the communities in which they live and work with extraordinary service. We are relationship-driven and personalized service will always remain the focus of our business model.

So, on behalf of the Board of Directors, our Executive Committee, and our entire Lakeside Bank team we thank you for your continued support of our vision. We are committed to providing you with the best possible banking relationship and invite you to begin a relationship with Lakeside Bank to begin investing in your future.

Philip D. Cacciatore

Chairman & C.E.O.
Lakeside Bank

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