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

Review & Overview

Stillman Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Stillman Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Rockford, Rochelle, Chicago, Whitewater, and Janesville among others. We have data for 24 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%	11/17/24
30 Year Conventional Refi	6.43%	11/17/24
30 Year Cash-out Refi	6.69%	11/17/24
30 Year FHA Purchase	7.30%	11/17/24
30 Year USDA Purchase	7.04%	11/17/24
15 Year Conventional Purchase	6.64%	11/17/24
15 Year Conventional Refi	6.03%	11/17/24
15 Year Cash-out Refi	6.03%	11/17/24
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

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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

391

Origination Dollar Volume (All Markets)

$54,215,000

Employee count

Awards

Stillman Bank 30 Year Conventional Loans gold

Stillman Bank 30 Year Conventional Loans silver

Show all (4) 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)	203	$26,435,000	$130,222	$1,893	4.25%
Rochelle, IL (FHA\|USDA\|VA)	128	$15,980,000	$124,844	$1,771	4.24%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	17	$2,845,000	$167,353	$2,545	4.05%
Outside of Metro Areas	7	$1,535,000	$219,286	$1,950	4.10%
Whitewater, WI (FHA\|USDA\|VA)	1	$1,395,000	$1,395,000	$3,099	3.50%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	6	$1,380,000	$230,000	$1,949	4.03%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	3	$735,000	$245,000	$2,652	3.88%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	3	$485,000	$161,667	$2,126	3.83%
Key West, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$4,228	5.38%
Baraboo, WI (FHA\|USDA\|VA)	1	$395,000	$395,000	$1,627	4.65%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	2	$350,000	$175,000	$2,771	3.78%
Dixon, IL (FHA\|USDA\|VA)	4	$280,000	$70,000	$1,812	4.57%
PEORIA, IL (FHA\|USDA\|VA)	2	$270,000	$135,000	$1,523	3.93%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,350	4.25%
Sterling, IL (FHA\|USDA\|VA)	2	$250,000	$125,000	$1,705	4.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,268	3.25%
IOWA CITY, IA (FHA\|USDA\|VA)	1	$185,000	$185,000	$1,857	3.20%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$155,000	$155,000	$1,935	3.55%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$155,000	$155,000	$1,598	4.55%
Freeport, IL (FHA\|USDA\|VA)	2	$150,000	$75,000	$1,914	4.13%
Clewiston, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,462	4.65%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,477	4.00%
BECKLEY, WV (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,368	3.38%
Platteville, WI (FHA\|USDA\|VA)	1	$35,000	$35,000	$1,695	5.49%

Stillman Bank's top markets include Rockford, Rochelle, Chicago, Whitewater, and Janesville among others.

Their top states include:

Illinois (FHA|USDA|VA)

Wisconsin (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Missouri (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.

Rock Valley Credit Union
Similarity Rank: 14

State Bank of Cross Plains
Similarity Rank: 78

Liberty Bank for Savings
Similarity Rank: 85

First Community Credit Union
Similarity Rank: 140

Merchants Bank
Similarity Rank: 150

The Greenwood's State Bank
Similarity Rank: 154

EDUCATORS CREDIT UNION
Similarity Rank: 396

Stillman Bank
Similarity Rank: 480

UNITED
Similarity Rank: 498

Southern Lkaes Credit Union
Similarity Rank: 513

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	371	$51,475,000	$138,747	$1,785	4.23%
FHA	16	$2,360,000	$147,500	$5,094	4.14%
USDA	4	$380,000	$95,000	$3,488	4.34%

For 2019, Stillman Bank's most frequently originated type of loan was Conventional, with 371 originations. Their 2nd most popular type was FHA, with 16 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	184	$26,390,000	$143,424	$2,566	4.37%
Refi	97	$13,585,000	$140,052	$1,331	3.92%
Cash Out Refi	97	$12,445,000	$128,299	$1,339	4.26%
Home Improvement	13	$1,795,000	$138,077	$1,624	4.23%

For 2019, Stillman Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Refi, with 97 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	230	$35,330,000	$153,609	$2,225	4.32%
15 Year	89	$12,245,000	$137,584	$1,667	3.62%
10 Year	26	$1,550,000	$59,615	$1,159	4.56%
20 Year	18	$2,420,000	$134,444	$1,481	3.89%
5 Year	15	$695,000	$46,333	$876	6.10%
Other	12	$1,920,000	$160,000	$988	4.38%
3 Year	1	$55,000	$55,000	$0	5.25%

For 2019, Stillman Bank's most frequently cited loan duration was 30 Year, with 230 originations. The 2nd most popular length was 15 Year, with 89 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	366	$51,230,000	$139,973
$1k-2k	14	$1,430,000	$102,143
$2k-3k	3	$875,000	$291,667
$3k-4k	1	$75,000	$75,000
$4k-5k	1	$125,000	$125,000

Stillman Bank's average total fees were $2,225, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 366 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	210	$32,820,000	$156,286
4-5%	124	$16,460,000	$132,742
5-6%	35	$3,535,000	$101,000
6-7%	18	$810,000	$45,000
2.5-3%	3	$535,000	$178,333
7-8%	1	$55,000	$55,000

During 2019, Stillman Bank's average interest rate for loans was 4.32%, while their most frequently originated rate bucket for loans was 3-4%, with 210 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	159	$10,215,000	$64,245	$1,591	4.52%
$100k-200k	151	$21,455,000	$142,086	$2,047	4.01%
$200k-400k	75	$18,775,000	$250,333	$2,207	4.04%
$400k-600k	4	$1,730,000	$432,500	$2,834	4.24%
$1MM+	1	$1,395,000	$1,395,000	$3,099	3.50%
$600k-1MM	1	$645,000	$645,000	$2,099	4.00%

2019 saw Stillman Bank place emphasis on $100,000 or less loans with 159 originations, totaling $10,215,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	102	$12,460,000	$122,157	$1,950	4.17%
$100k-150k	83	$13,575,000	$163,554	$1,934	4.29%
$50k or less	81	$7,325,000	$90,432	$1,853	4.13%
$75k-100k	66	$8,600,000	$130,303	$1,777	4.15%
$150k-250k	44	$8,010,000	$182,045	$1,974	4.33%
$250k+	9	$3,665,000	$407,222	$2,410	4.33%

Stillman Bank lent most frequently to those with incomes in the $50k-75k range, with 102 originations. The second most popular income band? $100k-150k, with 83 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	90	$11,750,000	$130,556	$1,763	4.17%
30-36%	76	$11,870,000	$156,184	$1,786	4.22%
<20%	31	$3,415,000	$110,161	$1,498	3.85%
37%	18	$2,250,000	$125,000	$2,018	3.94%
44%	17	$2,425,000	$142,647	$2,573	4.45%
36%	16	$2,150,000	$134,375	$1,943	3.91%
42%	15	$1,965,000	$131,000	$1,954	4.86%
40%	15	$1,875,000	$125,000	$2,251	4.14%
45%	15	$2,175,000	$145,000	$1,768	4.52%
38%	13	$1,675,000	$128,846	$1,486	4.55%
46%	13	$2,215,000	$170,385	$2,100	4.08%
39%	11	$1,945,000	$176,818	$2,399	4.28%
43%	10	$1,260,000	$126,000	$1,946	4.79%
47%	10	$1,760,000	$176,000	$1,779	3.95%
41%	10	$1,430,000	$143,000	$2,037	3.94%
48%	7	$1,205,000	$172,143	$2,789	3.98%
49%	7	$865,000	$123,571	$1,719	4.05%
50-60%	6	$920,000	$153,333	$3,727	4.72%

Stillman Bank lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? 30-36%, with 76 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	377	$52,685,000	$139,748	$1,914	4.20%
Black	4	$530,000	$132,500	$2,159	4.21%
Not applicable	5	$425,000	$85,000	$0	5.77%
Not provided	3	$415,000	$138,333	$1,243	3.97%
Asian	2	$160,000	$80,000	$1,434	5.39%

Approval Rates

Total approvals of all applications
95.94%

Stillman Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
81.84%

Stillman Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	391	$54,215,000	$138,657

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	391	$54,215,000	$138,657

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	16	$1,120,000	$70,000	$1,315	4.18%
40-60%	51	$6,795,000	$133,235	$1,566	3.88%
60-80%	158	$23,770,000	$150,443	$1,698	4.16%
80-100%	151	$22,115,000	$146,457	$2,469	4.25%
Under 20%	15	$415,000	$27,667	$626	5.89%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
1ST ALLIANCE LENDING, LLC	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
1ST ALLIANCE LENDING, LLC	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%

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	$101,140
Stillman BancCorp N.A.	1445 Illinois Route 2 North Oregon, IL 61061	Full Service B&M	$62,930
Stillman BancCorp N.A.	455 West Highway 38 Rochelle, IL 61068	Full Service B&M	$50,031
Stillman BancCorp N.A.	5250 Bridge Street Roscoe, IL 61073	Full Service B&M	$40,505
Stillman BancCorp N.A.	608 West Blackhawk Byron, IL 61010	Full Service B&M	$40,983
Stillman BancCorp N.A.	8492 East State Street Rockford, IL 61108	Full Service B&M	$87,489

For 2019, Stillman Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$14,446
Net interest income	$11,769
Total noninterest income	$5,232
Gross Fiduciary activities income	$914
Service charges on deposit accounts	$836
Trading account gains and fees	$0
Additional Noninterest Income	$3,482
Pre-tax net operating income	$5,477
Securities gains (or losses, -)	$-86
Income before extraordinary items	$5,333
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,333
Minority interest net income	$0
Net income	$5,333
Sale, conversion, retirement of capital stock, net	$41
Net operating income	$5,418

Stillman Bank's gross interest income from loans was $14,446,000.
Stillman Bank's net interest income from loans was $11,769,000.
Stillman Bank's fee based income from loans was $836,000.
Stillman Bank's net income from loans was $5,333,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,677
Provision for credit losses	$0
Total noninterest expense	$11,524
Salaries and employee benefits	$7,029
Premises and equipment expense	$1,306
Additional noninterest expense	$3,189
Applicable income taxes	$58
Net charge-offs	$-71
Cash dividends	$2,792

Stillman Bank's interest expense for loans was $2,677,000.
Stillman Bank's payroll and benefits expense were $7,029,000.
Stillman Bank's property, plant and equipment expenses $1,306,000.

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	$399,864
Deposits held in domestic offices	$399,864
Deposits by Individuals, partnerships, and corporations	$364,452
Deposits by U.S. Government	$20
Deposits by States and political subdivisions in the U.S.	$35,392
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	$26,833
Demand deposits	$15,242
Nontransaction accounts	$373,031
Money market deposit accounts (MMDAs)	$0
Other savings deposits (excluding MMDAs)	$254,880
Total time deposits	$118,152
Total time and savings deposits	$384,622
Noninterest-bearing deposits	$68,088
Interest-bearing deposits	$331,776
Retail deposits	$362,316
IRAs and Keogh plan accounts	$22,854
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$469,014
Cash & Balances due from depository institutions	$35,040
Interest-bearing balances	$29,071
Total securities	$258,664
Federal funds sold & reverse repurchase	$1,647
Net loans and leases	$158,996
Loan and leases loss allowance	$2,032
Trading account assets	$0
Bank premises and fixed assets	$7,763
Other real estate owned	$1,889
Goodwill and other intangibles	$1,276
All other assets	$3,739

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$469,013
Total Liabilities	$424,828
Total deposits	$399,864
Interest-bearing deposits	$331,776
Deposits held in domestic offices	$399,864
% insured (estimated)	$83
Federal funds purchased and repurchase agreements	$16,561
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$8,403

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$158,996
Loan and leases loss allowance	$2,032
Total loans and leases (domestic)	$161,028
All real estate loans	$122,702
Real estate loans in domestic offices	$122,702
Construction and development loans	$5,185
Residential 1-4 family construction	$1,952
Other construction, all land development and other land	$3,233
Loans secured by nonfarm nonresidential properties	$49,399
Nonfarm nonresidential secured by owner-occupied properties	$37,394
Commercial real estate & other non-farm, non-residential	$12,005
Multifamily residential real estate	$4,730
1-4 family residential loans	$40,979
Farmland loans	$22,409
Loans held in foreign offices	$0
Farm loans	$12,776
Commercial and industrial loans	$17,027
To non-U.S. addressees	$0
Loans to individuals	$6,013
Credit card loans	$995
Related Plans	$122
Consumer Auto Loans	$2,678
Other loans to individuals	$2,218
All other loans & leases	$2,510
Loans to foreign governments and official institutions	$0
Other loans	$33
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 $158,996,000 of loans outstanding in 2019. $122,702,000 of loans were in real estate loans. $5,185,000 of loans were in development loans. $4,730,000 of loans were in multifamily mortgage loans. $40,979,000 of loans were in 1-4 family mortgage loans. $12,776,000 of loans were in farm loans. $995,000 of loans were in credit card loans. $2,678,000 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	117	$30,788	$263,145
Nonfarm, nonresidential loans - <$100k	21	$1,164	$55,429
Nonfarm, nonresidential loans - $100-250k	44	$6,402	$145,500
Nonfarm, nonresidential loans - $250k-1MM	52	$23,222	$446,577
Commercial & Industrial, US addressed loans - <$1MM	253	$14,806	$58,522
Commercial & Industrial, US addressed loans - <$100k	185	$5,168	$27,935
Commercial & Industrial, US addressed loans - $100-250k	45	$4,544	$100,978
Commercial & Industrial, US addressed loans - $250k-1MM	23	$5,094	$221,478
Farmland loans - <$1MM	56	$8,369	$149,446
Farmland loans - <$100k	19	$884	$46,526
Farmland loans - $100-250k	23	$2,938	$127,739
Farmland loans - $250k-1MM	14	$4,547	$324,786
Agriculture operations loans - <$1MM	75	$5,151	$68,680
Agriculture operations loans - <$100k	53	$1,428	$26,943
Agriculture operations loans - $100-250k	15	$1,723	$114,867
Agriculture operations loans - $250k-1MM	7	$2,000	$285,714