Depending on your soil conditions, you most likely would have to use your backhoe for most of the digging. Perhaps the addition of a toothbar to your loader bucket (if you don't have one already) would allow you to use your loader. Either way, it is going to take quite a while. If you have plenty of time on your hands, it will certainly give you lots of seat time on your tractor, but if you are short on time, you would probably be better off hiring the work out or renting an excavator. It is pretty staggering the amount of dirt even a small pond like you are talking about really contains. For example if you consider that a 1 acre lake with an average depth of 9 feet holds 14,520 yards of dirt. To enlarge a lake by a quarter acre would then take around 3600 yards of dirt. If you have a 1 yard loader bucket (a pretty big bucket at that), then it will only take you 3600 trips into the lake and then back to where you will be piling all this dirt. The scope of lake projects usually necessitates either an excavator, or a dozer and dry weather.