Prairie State Bank And Trust Mortgage Rates, Fees & Info
Springfield, ILLEI: 2549001E11O22GGBEL86
Tax ID: 37-1239418
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Review & Overview
Prairie State Bank And Trust is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Prairie State Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Decatur, Champaign, Bloomington, and Charleston among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Prairie State Bank And Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Prairie State Bank And Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.40% | 12/16/24 |
30 Year Conventional Refi | 6.30% | 12/16/24 |
30 Year Cash-out Refi | 6.26% | 12/16/24 |
15 Year Conventional Purchase | 5.82% | 12/16/24 |
15 Year Conventional Refi | 5.79% | 12/16/24 |
15 Year Cash-out Refi | 5.79% | 12/16/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Prairie State Bank And Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,367Origination Dollar Volume (All Markets)
$251,845,000Employee count
136 Show all (19) awardsPrairie State Bank and Trust - 2020
Prairie State Bank and Trust is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
SPRINGFIELD, IL (FHA|USDA|VA) | 308 | $64,000,000 | $207,792 | $1,212 | 2.82% |
DECATUR, IL (FHA|USDA|VA) | 332 | $55,680,000 | $167,711 | $1,143 | 2.98% |
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 136 | $36,020,000 | $264,853 | $1,148 | 2.83% |
BLOOMINGTON, IL (FHA|USDA|VA) | 116 | $23,010,000 | $198,362 | $1,123 | 2.75% |
Charleston-Mattoon, IL (FHA|USDA|VA) | 136 | $16,330,000 | $120,074 | $1,194 | 2.69% |
Outside of Metro Areas | 97 | $14,495,000 | $149,433 | $1,389 | 2.73% |
Jacksonville, IL (FHA|USDA|VA) | 95 | $12,285,000 | $129,316 | $1,152 | 3.08% |
PEORIA, IL (FHA|USDA|VA) | 37 | $6,765,000 | $182,838 | $1,190 | 2.95% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 46 | $6,290,000 | $136,739 | $1,160 | 3.08% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $5,185,000 | $345,667 | $2,010 | 2.78% |
Taylorville, IL (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $1,199 | 2.82% |
DANVILLE, IL (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $1,637 | 2.93% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $2,519 | 3.50% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $1,844 | 2.81% |
PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,870 | 4.14% |
Traverse City, MI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,611 | 2.50% |
Whitewater, WI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $1,675 | 2.88% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $1,817 | 3.50% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,354 | 2.94% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,565 | 2.38% |
Quincy, IL-MO (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $999 | 3.04% |
TULSA, OK (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,665 | 3.00% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,543 | 2.88% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,257 | 2.50% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.13% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,924 | 2.88% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,169 | 3.25% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,415 | 2.75% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,096 | 2.88% |
RENO, NV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,199 | 3.13% |
Rochelle, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,430 | 2.75% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,757 | 2.38% |
Lincoln, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,385 | 2.69% |
Effingham, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $909 | 2.38% |
Macomb, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,374 | 2.50% |
KANKAKEE, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $936 | 2.50% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,001 | 2.13% |
Dixon, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,346 | 2.00% |
Murray, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,215 | 3.00% |
Poplar Bluff, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,478 | 2.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Prairie State Bank and Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,367 | $251,845,000 | $184,232 | $1,221 | 2.87% |
For 2020, Prairie State Bank And Trust's most frequently originated type of loan was Conventional, with 1,367 originations.
Loan Reason
For 2020, Prairie State Bank And Trust's most frequently cited loan purpose was Refi, with 726 originations. The 2nd most popular reason was Cash Out Refi, with 304 originations.
Loan Duration/Length
For 2020, Prairie State Bank And Trust's most frequently cited loan duration was 30 Year, with 538 originations. The 2nd most popular length was 15 Year, with 430 originations.
Origination Fees/Closing Costs
Prairie State Bank And Trust's average total fees were $1,348, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,211 originations.
Interest Rates
During 2020, Prairie State Bank And Trust's average interest rate for loans was 2.87%, while their most frequently originated rate bucket for loans was <2.5%, with 590 originations.
Loan Sizing
2020 saw Prairie State Bank And Trust place emphasis on $100k-200k loans with 540 originations, totaling $78,850,000 in origination value.
Applicant Income
Prairie State Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 344 originations. The second most popular income band? $50k-75k, with 240 originations.
Applicant Debt to Income Ratio
Prairie State Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 488 originations. The next most common DTI ratio? <20%, with 300 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.46%
Prairie State Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination92.76%
Prairie State Bank And Trust has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,367 | $251,845,000 | $184,232 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Prairie State Bank and Trust | Route 107 And Main Street Perry, IL 62362 | Limited, Drive-thru | $3,915 |
Prairie State Bank and Trust | 340 West Main Street Mount Zion, IL 62549 | Full Service B&M | $92,367 |
Prairie State Bank and Trust | 1101 Trinity Lane Bloomington, IL 61704 | Full Service B&M | $29,154 |
Prairie State Bank and Trust | 100 Main Street Meredosia, IL 62665 | Full Service B&M | $17,141 |
Prairie State Bank and Trust | 1000 West Pershing Road Decatur, IL 62526 | Full Service B&M | $36,174 |
Prairie State Bank and Trust | 1001 S Durkin Dr Springfield, IL 62704 | Full Service B&M | $84,661 |
Prairie State Bank and Trust | 105 W Lincoln Ave Lewistown, IL 61542 | Full Service B&M | $44,037 |
Prairie State Bank and Trust | 1052 West Morton Avenue Jacksonville, IL 62650 | Full Service B&M | $47,624 |
Prairie State Bank and Trust | 1361 Toronto Road Springfield, IL 62707 | Full Service B&M | $35,568 |
Prairie State Bank and Trust | 1820 18th Street Charleston, IL 61920 | Limited, Drive-thru | $7,997 |
Prairie State Bank and Trust | 201 East Jackson Street Virden, IL 62690 | Full Service B&M | $61,881 |
Prairie State Bank and Trust | 2121 Western Avenue Mattoon, IL 61938 | Full Service B&M | $26,772 |
Prairie State Bank and Trust | 345 Mary Street Illiopolis, IL 62539 | Full Service B&M | $14,434 |
Prairie State Bank and Trust | 3751 West Wabash Avenue Springfield, IL 62711 | Full Service B&M | $32,948 |
Prairie State Bank and Trust | 402 North 3rd Girard, IL 62640 | Full Service B&M | $17,750 |
Prairie State Bank and Trust | 410 West Curtis Road Savoy, IL 61874 | Full Service B&M | $17,526 |
Prairie State Bank and Trust | 4485 East U.S. Route 36 Decatur, IL 62521 | Limited, Drive-thru | $4,071 |
Prairie State Bank and Trust | 603 N. Springfield Street Virden, IL 62690 | Limited, Drive-thru | $0 |
Prairie State Bank and Trust | 621 W Lincoln Ave Charleston, IL 61920 | Full Service B&M | $77,689 |
Prairie State Bank and Trust | Main And Cleveland Farmersville, IL 62533 | Limited, Drive-thru | $6,055 |
For 2020, Prairie State Bank And Trust had 20 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $26,591 |
Net interest income | $24,395 |
Total noninterest income | $6,380 |
Gross Fiduciary activities income | $79 |
Service charges on deposit accounts | $810 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $5,491 |
Pre-tax net operating income | $10,394 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $10,234 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $10,234 |
Minority interest net income | $0 |
Net income | $10,234 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $10,234 |
Prairie State Bank And Trust's gross interest income from loans was $26,591,000.
Prairie State Bank And Trust's net interest income from loans was $24,395,000.
Prairie State Bank And Trust's fee based income from loans was $810,000.
Prairie State Bank And Trust's net income from loans was $10,234,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $2,196 |
Provision for credit losses | $944 |
Total noninterest expense | $19,437 |
Salaries and employee benefits | $12,768 |
Premises and equipment expense | $1,651 |
Additional noninterest expense | $5,018 |
Applicable income taxes | $160 |
Net charge-offs | $459 |
Cash dividends | $7,398 |
Prairie State Bank And Trust's interest expense for loans was $2,196,000.
Prairie State Bank And Trust's payroll and benefits expense were $12,768,000.
Prairie State Bank And Trust's property, plant and equipment expenses $1,651,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 0.0% |
Real Estate loans | 0.0% |
Construction & Land Development loans | 0.0% |
Nonfarm, nonresidential loans | 0.0% |
Multifamily residential loans | 0.0% |
1-4 family residential loans | 0.0% |
HELOC loans | 0.0% |
All other family | 0.0% |
Commercial & industrial loans | 1.0% |
Personal loans | 0.0% |
Credit card loans | 0.0% |
Other individual loans | 0.0% |
Auto loans | 0.0% |
Other consumer loans | 0.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $670,680 |
Deposits held in domestic offices | $670,680 |
Deposits by Individuals, partnerships, and corporations | $545,541 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $123,037 |
Deposits by Commercial banks and other depository institutions in U.S. | $2,102 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $338,095 |
Demand deposits | $192,646 |
Nontransaction accounts | $332,585 |
Money market deposit accounts (MMDAs) | $33,604 |
Other savings deposits (excluding MMDAs) | $198,860 |
Total time deposits | $100,121 |
Total time and savings deposits | $478,034 |
Noninterest-bearing deposits | $152,089 |
Interest-bearing deposits | $518,591 |
Retail deposits | $632,319 |
IRAs and Keogh plan accounts | $9,071 |
Brokered deposits | $9 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $763,186 |
Cash & Balances due from depository institutions | $97,350 |
Interest-bearing balances | $88,130 |
Total securities | $148,965 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $496,702 |
Loan and leases loss allowance | $5,615 |
Trading account assets | $0 |
Bank premises and fixed assets | $12,079 |
Other real estate owned | $443 |
Goodwill and other intangibles | $1,965 |
All other assets | $5,682 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $763,186 |
Total Liabilities | $679,650 |
Total deposits | $670,680 |
Interest-bearing deposits | $518,591 |
Deposits held in domestic offices | $670,680 |
% insured (estimated) | $78 |
Federal funds purchased and repurchase agreements | $1,976 |
Trading liabilities | $0 |
Other borrowed funds | $4,770 |
Subordinated debt | $0 |
All other liabilities | $2,224 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $496,702 |
Loan and leases loss allowance | $5,615 |
Total loans and leases (domestic) | $502,317 |
All real estate loans | $400,097 |
Real estate loans in domestic offices | $400,097 |
Construction and development loans | $20,695 |
Residential 1-4 family construction | $5,259 |
Other construction, all land development and other land | $15,436 |
Loans secured by nonfarm nonresidential properties | $106,220 |
Nonfarm nonresidential secured by owner-occupied properties | $44,111 |
Commercial real estate & other non-farm, non-residential | $62,109 |
Multifamily residential real estate | $79,223 |
1-4 family residential loans | $113,565 |
Farmland loans | $80,394 |
Loans held in foreign offices | $0 |
Farm loans | $22,623 |
Commercial and industrial loans | $71,956 |
To non-U.S. addressees | $0 |
Loans to individuals | $5,116 |
Credit card loans | $1 |
Related Plans | $21 |
Consumer Auto Loans | $1,971 |
Other loans to individuals | $3,123 |
All other loans & leases | $2,923 |
Loans to foreign governments and official institutions | $0 |
Other loans | $1,286 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $0 |
Loans secured by real estate to non-U.S. addressees | $724 |
Restructured Loans & leases | $0 |
Non 1-4 family restructured loans & leases | $0 |
Total loans and leases (foreign) | $0 |
Prairie State Bank and Trust had $496,702,000 of loans outstanding in 2020. $400,097,000 of loans were in real estate loans. $20,695,000 of loans were in development loans. $79,223,000 of loans were in multifamily mortgage loans. $113,565,000 of loans were in 1-4 family mortgage loans. $22,623,000 of loans were in farm loans. $1,000 of loans were in credit card loans. $1,971,000 of loans were in the auto loan category.
Small Business Loans
Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
---|---|---|---|
Nonfarm, nonresidential loans - <$1MM | 327 | $56,932 | $174,104 |
Nonfarm, nonresidential loans - <$100k | 104 | $4,294 | $41,288 |
Nonfarm, nonresidential loans - $100-250k | 121 | $15,123 | $124,983 |
Nonfarm, nonresidential loans - $250k-1MM | 102 | $37,515 | $367,794 |
Commercial & Industrial, US addressed loans - <$1MM | 622 | $38,251 | $61,497 |
Commercial & Industrial, US addressed loans - <$100k | 472 | $9,959 | $21,100 |
Commercial & Industrial, US addressed loans - $100-250k | 93 | $10,799 | $116,118 |
Commercial & Industrial, US addressed loans - $250k-1MM | 57 | $17,493 | $306,895 |
Farmland loans - <$1MM | 192 | $26,607 | $138,578 |
Farmland loans - <$100k | 54 | $2,119 | $39,241 |
Farmland loans - $100-250k | 80 | $9,487 | $118,588 |
Farmland loans - $250k-1MM | 58 | $15,001 | $258,638 |
Agriculture operations loans - <$1MM | 201 | $12,359 | $61,488 |
Agriculture operations loans - <$100k | 141 | $3,475 | $24,645 |
Agriculture operations loans - $100-250k | 39 | $4,256 | $109,128 |
Agriculture operations loans - $250k-1MM | 21 | $4,628 | $220,381 |