Stillman Bank Mortgage Rates, Fees & Info
Stillman Valley, ILLEI: 2549006L3U88MNTL7K26
Tax ID: 36-1828310
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Review & Overview
Stillman Bank is a smaller bank specializing in 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.) Their top markets by origination volume include: Rockford, Rochelle, Chicago, Janesville, and Dixon among others. We have data for 35 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,029Origination Dollar Volume (All Markets)
$165,785,000Employee count
101Awards
Stillman Bank - 2020
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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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 529 | $78,925,000 | $149,197 | $1,478 | 2.96% |
| Rochelle, IL (FHA|USDA|VA) | 324 | $48,690,000 | $150,278 | $1,518 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 57 | $13,485,000 | $236,579 | $1,493 | 2.90% |
| Outside of Metro Areas | 25 | $5,255,000 | $210,200 | $1,886 | 2.87% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 23 | $3,835,000 | $166,739 | $1,520 | 2.81% |
| Dixon, IL (FHA|USDA|VA) | 17 | $2,195,000 | $129,118 | $1,787 | 3.10% |
| Whitewater, WI (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $2,416 | 2.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $3,243 | 2.86% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $1,879 | 2.74% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $2,016 | 3.03% |
| Freeport, IL (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $1,439 | 2.96% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $2,208 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,697 | 2.86% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,457 | 2.55% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,825 | 3.55% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,393 | 2.50% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,572 | 3.25% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $1,095 | 2.93% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $1,914 | 2.75% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,626 | 2.60% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,828 | 2.60% |
| MADISON, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,802 | 3.05% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,192 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,177 | 2.70% |
| Sterling, IL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,664 | 3.40% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,654 | 2.25% |
| Platteville, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,850 | 3.35% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,032 | 2.88% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,094 | 3.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,945 | 2.80% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,476 | 2.70% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,000 | 3.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,670 | 4.09% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,679 | 3.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,020 | $164,470,000 | $161,245 | $1,523 | 2.96% |
| FHA | 9 | $1,315,000 | $146,111 | $5,063 | 3.36% |
For 2020, Stillman Bank's most frequently originated type of loan was Conventional, with 1,020 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2020, Stillman Bank's most frequently cited loan purpose was Refi, with 570 originations. The 2nd most popular reason was Cash Out Refi, with 254 originations.
Loan Duration/Length
For 2020, Stillman Bank's most frequently cited loan duration was 30 Year, with 458 originations. The 2nd most popular length was 15 Year, with 373 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 995 | $160,015,000 | $160,819 |
| $1k-2k | 19 | $3,255,000 | $171,316 |
| $2k-3k | 5 | $575,000 | $115,000 |
| $3k-4k | 3 | $955,000 | $318,333 |
Stillman Bank's average total fees were $1,746, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 995 originations.
Interest Rates
During 2020, Stillman Bank's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 453 originations.
Loan Sizing
2020 saw Stillman Bank place emphasis on $100k-200k loans with 483 originations, totaling $68,985,000 in origination value.
Applicant Income
Stillman Bank lent most frequently to those with incomes in the $100k-150k range, with 254 originations. The second most popular income band? $50k-75k, with 238 originations.
Applicant Debt to Income Ratio
Stillman Bank lent most frequently to those with DTI ratios of 20-30%, with 304 originations. The next most common DTI ratio? 30-36%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.70%
Stillman Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.43%
Stillman Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,029 | $165,785,000 | $161,113 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,029 | $165,785,000 | $161,113 |
LTV Distribution
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 | $123,697 |
| Stillman Banccorp N.A. | 1445 Illinois Route 2 North Oregon, IL 61061 | Full Service B&M | $76,046 |
| Stillman Banccorp N.A. | 455 West Highway 38 Rochelle, IL 61068 | Full Service B&M | $55,342 |
| Stillman Banccorp N.A. | 5250 Bridge Street Roscoe, IL 61073 | Full Service B&M | $47,441 |
| Stillman Banccorp N.A. | 608 West Blackhawk Byron, IL 61010 | Full Service B&M | $46,283 |
| Stillman Banccorp N.A. | 8492 East State Street Rockford, IL 61108 | Full Service B&M | $94,219 |
For 2020, Stillman Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,053 |
| Net interest income | $12,857 |
| Total noninterest income | $8,870 |
| Gross Fiduciary activities income | $1,024 |
| Service charges on deposit accounts | $620 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,226 |
| Pre-tax net operating income | $8,655 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,546 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,546 |
| Minority interest net income | $0 |
| Net income | $8,546 |
| Sale, conversion, retirement of capital stock, net | $60 |
| Net operating income | $8,546 |
Stillman Bank's gross interest income from loans was $15,053,000.
Stillman Bank's net interest income from loans was $12,857,000.
Stillman Bank's fee based income from loans was $620,000.
Stillman Bank's net income from loans was $8,546,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,196 |
| Provision for credit losses | $200 |
| Total noninterest expense | $12,872 |
| Salaries and employee benefits | $8,275 |
| Premises and equipment expense | $1,269 |
| Additional noninterest expense | $3,328 |
| Applicable income taxes | $109 |
| Net charge-offs | $2 |
| Cash dividends | $3,913 |
Stillman Bank's interest expense for loans was $2,196,000.
Stillman Bank's payroll and benefits expense were $8,275,000.
Stillman Bank's property, plant and equipment expenses $1,269,000.
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 | $461,094 |
| Deposits held in domestic offices | $461,094 |
| Deposits by Individuals, partnerships, and corporations | $426,405 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $34,688 |
| 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 | $31,124 |
| Demand deposits | $18,715 |
| Nontransaction accounts | $429,970 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $320,441 |
| Total time deposits | $109,529 |
| Total time and savings deposits | $442,379 |
| Noninterest-bearing deposits | $87,553 |
| Interest-bearing deposits | $373,541 |
| Retail deposits | $428,227 |
| IRAs and Keogh plan accounts | $23,164 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $553,249 |
| Cash & Balances due from depository institutions | $41,461 |
| Interest-bearing balances | $36,506 |
| Total securities | $322,963 |
| Federal funds sold & reverse repurchase | $770 |
| Net loans and leases | $172,958 |
| Loan and leases loss allowance | $2,230 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,625 |
| Other real estate owned | $1,651 |
| Goodwill and other intangibles | $2,070 |
| All other assets | $3,751 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $553,249 |
| Total Liabilities | $495,858 |
| Total deposits | $461,094 |
| Interest-bearing deposits | $373,541 |
| Deposits held in domestic offices | $461,094 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $22,792 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,000 |
| Subordinated debt | $0 |
| All other liabilities | $7,972 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $172,958 |
| Loan and leases loss allowance | $2,230 |
| Total loans and leases (domestic) | $175,188 |
| All real estate loans | $121,057 |
| Real estate loans in domestic offices | $121,057 |
| Construction and development loans | $6,379 |
| Residential 1-4 family construction | $1,935 |
| Other construction, all land development and other land | $4,444 |
| Loans secured by nonfarm nonresidential properties | $49,740 |
| Nonfarm nonresidential secured by owner-occupied properties | $35,900 |
| Commercial real estate & other non-farm, non-residential | $13,840 |
| Multifamily residential real estate | $3,183 |
| 1-4 family residential loans | $39,747 |
| Farmland loans | $22,008 |
| Loans held in foreign offices | $0 |
| Farm loans | $17,332 |
| Commercial and industrial loans | $29,038 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,400 |
| Credit card loans | $882 |
| Related Plans | $87 |
| Consumer Auto Loans | $2,093 |
| Other loans to individuals | $2,338 |
| All other loans & leases | $2,361 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $142 |
| 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 $172,958,000 of loans outstanding in 2020. $121,057,000 of loans were in real estate loans. $6,379,000 of loans were in development loans. $3,183,000 of loans were in multifamily mortgage loans. $39,747,000 of loans were in 1-4 family mortgage loans. $17,332,000 of loans were in farm loans. $882,000 of loans were in credit card loans. $2,093,000 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 | $29,165 | $249,274 |
| Nonfarm, nonresidential loans - <$100k | 20 | $909 | $45,450 |
| Nonfarm, nonresidential loans - $100-250k | 49 | $6,819 | $139,163 |
| Nonfarm, nonresidential loans - $250k-1MM | 48 | $21,437 | $446,604 |
| Commercial & Industrial, US addressed loans - <$1MM | 409 | $26,767 | $65,445 |
| Commercial & Industrial, US addressed loans - <$100k | 305 | $8,116 | $26,610 |
| Commercial & Industrial, US addressed loans - $100-250k | 69 | $7,369 | $106,797 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 35 | $11,282 | $322,343 |
| Farmland loans - <$1MM | 53 | $8,912 | $168,151 |
| Farmland loans - <$100k | 16 | $779 | $48,688 |
| Farmland loans - $100-250k | 22 | $3,006 | $136,636 |
| Farmland loans - $250k-1MM | 15 | $5,127 | $341,800 |
| Agriculture operations loans - <$1MM | 81 | $6,905 | $85,247 |
| Agriculture operations loans - <$100k | 56 | $1,531 | $27,339 |
| Agriculture operations loans - $100-250k | 14 | $1,585 | $113,214 |
| Agriculture operations loans - $250k-1MM | 11 | $3,789 | $344,455 |