Stillman Bank Mortgage Rates, Fees & Info

Stillman Valley, IL

LEI: 2549006L3U88MNTL7K26

Tax ID: 36-1828310

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Stillman Bank is a smaller bank specializing in Home Purchase loans. Stillman Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rockford, Rochelle, Chicago, Janesville, and Atlanta among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Stillman Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Stillman Bank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.95% 4/21/24
    30 Year Conventional Refi 6.43% 4/21/24
    30 Year Cash-out Refi 6.69% 4/21/24
    30 Year FHA Purchase 7.30% 4/21/24
    30 Year USDA Purchase 7.04% 4/21/24
    15 Year Conventional Purchase 6.64% 4/21/24
    15 Year Conventional Refi 6.03% 4/21/24
    15 Year Cash-out Refi 6.03% 4/21/24
    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.

    Stillman Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Stillman Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    298

    Origination Dollar Volume (All Markets)

    $37,870,000

    Employee count

    99 Show all (7) awards

    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
    ROCKFORD, IL (FHA|USDA|VA) 153 $18,965,000 $123,954 $2,065 4.87%
    Rochelle, IL (FHA|USDA|VA) 96 $10,920,000 $113,750 $1,776 4.80%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 13 $2,735,000 $210,385 $3,117 4.87%
    Outside of Metro Areas 9 $1,175,000 $130,556 $1,806 4.95%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 4 $610,000 $152,500 $1,796 4.45%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $455,000 $455,000 $2,894 4.70%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $450,000 $225,000 $3,548 4.73%
    Freeport, IL (FHA|USDA|VA) 5 $365,000 $73,000 $2,174 5.37%
    Whitewater, WI (FHA|USDA|VA) 2 $340,000 $170,000 $1,567 5.18%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,212 4.10%
    Dixon, IL (FHA|USDA|VA) 3 $255,000 $85,000 $1,750 4.93%
    MOBILE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $1,935 4.75%
    Sterling, IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,025 5.10%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $2,260 4.30%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $1,604 5.13%
    Paris, TN (FHA|USDA|VA) 1 $125,000 $125,000 $1,675 5.00%
    APPLETON, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,059 4.83%
    PEORIA, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,699 5.10%
    MADISON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,820 4.65%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,152 4.88%
    Stillman Bank's top markets include Rockford, Rochelle, Chicago, Janesville, and Atlanta among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Stillman Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank of Milton
    Similarity Rank: 25
    UNITED
    Similarity Rank: 28
    Rock Valley Credit Union
    Similarity Rank: 30
    First Community Credit Union
    Similarity Rank: 63
    Liberty Bank for Savings
    Similarity Rank: 104
    Merchants Bank
    Similarity Rank: 290
    PACIFIC GLOBAL BANK
    Similarity Rank: 408
    The First National Bank and Trust Company
    Similarity Rank: 459
    Summit Credit Union
    Similarity Rank: 481
    The Equitable Bank, S.S.B.
    Similarity Rank: 533

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 276 $35,340,000 $128,043 $1,857 4.85%
    FHA 18 $2,120,000 $117,778 $4,513 4.81%
    USDA 4 $410,000 $102,500 $3,203 4.84%

    For 2018, Stillman Bank's most frequently originated type of loan was Conventional, with 276 originations. Their 2nd most popular type was FHA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 191 $26,045,000 $136,361 $2,413 4.85%
    Cash Out Refi 68 $6,830,000 $100,441 $1,339 4.95%
    Refi 31 $4,395,000 $141,774 $1,449 4.67%
    Home Improvement 6 $550,000 $91,667 $1,264 4.46%
    Other 2 $50,000 $25,000 $256 5.98%

    For 2018, Stillman Bank's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 209 $29,295,000 $140,167 $2,244 4.89%
    15 Year 51 $6,055,000 $118,725 $1,689 4.17%
    20 Year 16 $1,720,000 $107,500 $1,791 4.96%
    10 Year 14 $440,000 $31,429 $932 5.50%
    Other 4 $310,000 $77,500 $600 6.58%
    5 Year 3 $35,000 $11,667 $733 6.86%
    3 Year 1 $15,000 $15,000 $761 7.07%

    For 2018, Stillman Bank's most frequently cited loan duration was 30 Year, with 209 originations. The 2nd most popular length was 15 Year, with 51 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 275 $35,165,000 $127,873
    $1k-2k 23 $2,705,000 $117,609

    Stillman Bank's average total fees were $2,244, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 275 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 195 $27,015,000 $138,538
    5-6% 74 $8,480,000 $114,595
    3-4% 15 $1,835,000 $122,333
    6-7% 10 $470,000 $47,000
    7-8% 4 $70,000 $17,500

    During 2018, Stillman Bank's average interest rate for loans was 4.89%, while their most frequently originated rate bucket for loans was 4-5%, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 131 $18,245,000 $139,275 $2,157 4.77%
    $100,000 or less 122 $7,430,000 $60,902 $1,700 5.01%
    $200k-400k 43 $11,155,000 $259,419 $2,280 4.64%
    $400k-600k 2 $1,040,000 $520,000 $3,816 5.11%

    2018 saw Stillman Bank place emphasis on $100k-200k loans with 131 originations, totaling $18,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 89 $7,675,000 $86,236 $1,973 4.83%
    $50k-75k 74 $8,460,000 $114,324 $2,109 4.77%
    $75k-100k 58 $7,620,000 $131,379 $2,060 4.89%
    $100k-150k 41 $6,565,000 $160,122 $1,764 4.96%
    $150k-250k 22 $4,590,000 $208,636 $2,027 4.63%
    $250k+ 12 $2,870,000 $239,167 $2,355 5.26%

    Stillman Bank lent most frequently to those with incomes in the $50k or less range, with 89 originations. The second most popular income band? $50k-75k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $6,835,000 $119,912 $1,925 4.92%
    30-36% 56 $7,020,000 $125,357 $1,884 4.99%
    <20% 14 $1,730,000 $123,571 $1,762 4.72%
    41% 13 $1,695,000 $130,385 $2,048 5.14%
    40% 11 $1,385,000 $125,909 $2,275 4.94%
    42% 9 $845,000 $93,889 $2,181 5.04%
    38% 9 $1,295,000 $143,889 $1,759 4.89%
    50-60% 8 $1,170,000 $146,250 $2,905 4.78%
    45% 8 $990,000 $123,750 $2,147 4.95%
    39% 8 $1,040,000 $130,000 $2,579 5.32%
    36% 7 $715,000 $102,143 $2,679 5.29%
    43% 6 $1,090,000 $181,667 $2,018 4.98%
    47% 5 $705,000 $141,000 $1,914 4.78%
    49% 4 $440,000 $110,000 $2,001 4.76%
    44% 4 $530,000 $132,500 $2,628 5.39%
    48% 4 $580,000 $145,000 $2,218 4.63%
    37% 3 $485,000 $161,667 $1,915 4.80%
    46% 2 $340,000 $170,000 $2,102 4.73%
    >60% 1 $25,000 $25,000 $239 5.00%

    Stillman Bank lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 291 $36,595,000 $125,756 $1,999 4.85%
    Asian 1 $585,000 $585,000 $4,739 5.52%
    Not provided 2 $370,000 $185,000 $1,777 4.74%
    Black 4 $320,000 $80,000 $2,073 4.91%

    Approval Rates

    Total approvals of all applications
    93.67%

    Stillman Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.89%

    Stillman Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 298 $37,870,000 $127,081

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 298 $37,870,000 $127,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,465,000 $58,600 $1,395 4.66%
    40-60% 25 $2,795,000 $111,800 $1,782 4.52%
    60-80% 103 $14,155,000 $137,427 $1,820 4.85%
    80-100% 131 $18,875,000 $144,084 $2,501 4.83%
    Over 100% 1 $75,000 $75,000 $2,798 4.75%
    Under 20% 13 $505,000 $38,846 $687 6.07%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    1ST ALLIANCE LENDING, LLC FHA mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Stillman BancCorp N.A. 101 East Main Street Stillman Valley, IL 61084 Full Service B&M $102,482
    Stillman BancCorp N.A. 1445 Illinois Route 2 North Oregon, IL 61061 Full Service B&M $68,824
    Stillman BancCorp N.A. 455 West Highway 38 Rochelle, IL 61068 Full Service B&M $47,904
    Stillman BancCorp N.A. 5250 Bridge Street Roscoe, IL 61073 Full Service B&M $38,724
    Stillman BancCorp N.A. 608 West Blackhawk Byron, IL 61010 Full Service B&M $39,420
    Stillman BancCorp N.A. 8492 East State Street Rockford, IL 61108 Full Service B&M $78,240

    For 2018, Stillman Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,712
    Net interest income $10,958
    Total noninterest income $4,751
    Gross Fiduciary activities income $780
    Service charges on deposit accounts $874
    Trading account gains and fees $0
    Additional Noninterest Income $3,097
    Pre-tax net operating income $4,638
    Securities gains (or losses, -) $-140
    Income before extraordinary items $4,461
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,461
    Minority interest net income $0
    Net income $4,461
    Sale, conversion, retirement of capital stock, net $33
    Net operating income $4,599

    Stillman Bank's gross interest income from loans was $12,712,000.
    Stillman Bank's net interest income from loans was $10,958,000.
    Stillman Bank's fee based income from loans was $874,000.
    Stillman Bank's net income from loans was $4,461,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,754
    Provision for credit losses $0
    Total noninterest expense $11,071
    Salaries and employee benefits $6,698
    Premises and equipment expense $1,235
    Additional noninterest expense $3,138
    Applicable income taxes $37
    Net charge-offs $-53
    Cash dividends $5,678

    Stillman Bank's interest expense for loans was $1,754,000.
    Stillman Bank's payroll and benefits expense were $6,698,000.
    Stillman Bank's property, plant and equipment expenses $1,235,000.

    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 0.0%
    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 $374,302
    Deposits held in domestic offices $374,302
    Deposits by Individuals, partnerships, and corporations $345,656
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $28,645
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $27,425
    Demand deposits $16,787
    Nontransaction accounts $346,877
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $249,773
    Total time deposits $97,104
    Total time and savings deposits $357,515
    Noninterest-bearing deposits $69,292
    Interest-bearing deposits $305,010
    Retail deposits $355,229
    IRAs and Keogh plan accounts $22,377
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $435,474
    Cash & Balances due from depository institutions $30,731
    Interest-bearing balances $25,641
    Total securities $221,827
    Federal funds sold & reverse repurchase $4,802
    Net loans and leases $163,590
    Loan and leases loss allowance $1,961
    Trading account assets $0
    Bank premises and fixed assets $8,078
    Other real estate owned $1,747
    Goodwill and other intangibles $1,087
    All other assets $3,612

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $435,474
    Total Liabilities $398,968
    Total deposits $374,302
    Interest-bearing deposits $305,010
    Deposits held in domestic offices $374,302
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $19,139
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,527

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $163,590
    Loan and leases loss allowance $1,961
    Total loans and leases (domestic) $165,551
    All real estate loans $125,027
    Real estate loans in domestic offices $125,027
    Construction and development loans $5,884
    Residential 1-4 family construction $1,942
    Other construction, all land development and other land $3,942
    Loans secured by nonfarm nonresidential properties $50,996
    Nonfarm nonresidential secured by owner-occupied properties $42,492
    Commercial real estate & other non-farm, non-residential $8,504
    Multifamily residential real estate $4,178
    1-4 family residential loans $44,412
    Farmland loans $19,557
    Loans held in foreign offices $0
    Farm loans $12,985
    Commercial and industrial loans $19,293
    To non-U.S. addressees $0
    Loans to individuals $6,129
    Credit card loans $1,082
    Related Plans $140
    Consumer Auto Loans $2,447
    Other loans to individuals $2,460
    All other loans & leases $2,117
    Loans to foreign governments and official institutions $0
    Other loans $55
    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 $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Stillman Bank had $163,590,000 of loans outstanding in 2018. $125,027,000 of loans were in real estate loans. $5,884,000 of loans were in development loans. $4,178,000 of loans were in multifamily mortgage loans. $44,412,000 of loans were in 1-4 family mortgage loans. $12,985,000 of loans were in farm loans. $1,082,000 of loans were in credit card loans. $2,447,000 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 121 $28,155 $232,686
    Nonfarm, nonresidential loans - <$100k 20 $1,044 $52,200
    Nonfarm, nonresidential loans - $100-250k 46 $6,371 $138,500
    Nonfarm, nonresidential loans - $250k-1MM 55 $20,740 $377,091
    Commercial & Industrial, US addressed loans - <$1MM 270 $16,652 $61,674
    Commercial & Industrial, US addressed loans - <$100k 203 $5,394 $26,571
    Commercial & Industrial, US addressed loans - $100-250k 38 $3,933 $103,500
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $7,325 $252,586
    Farmland loans - <$1MM 50 $8,297 $165,940
    Farmland loans - <$100k 13 $623 $47,923
    Farmland loans - $100-250k 24 $3,446 $143,583
    Farmland loans - $250k-1MM 13 $4,228 $325,231
    Agriculture operations loans - <$1MM 68 $5,937 $87,309
    Agriculture operations loans - <$100k 43 $1,226 $28,512
    Agriculture operations loans - $100-250k 16 $2,023 $126,438
    Agriculture operations loans - $250k-1MM 9 $2,688 $298,667