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, Cash Out Refi, and Home Purchase 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, Janesville, and Freeport among others. We have data for 32 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
700Origination Dollar Volume (All Markets)
$98,850,000Employee count
99Awards
Stillman Bank - 2021
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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) | 422 | $57,970,000 | $137,370 | $1,649 | 2.85% |
| Rochelle, IL (FHA|USDA|VA) | 178 | $23,240,000 | $130,562 | $1,580 | 2.91% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 28 | $4,560,000 | $162,857 | $2,634 | 3.18% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 12 | $2,080,000 | $173,333 | $1,548 | 2.74% |
| Outside of Metro Areas | 9 | $1,375,000 | $152,778 | $1,940 | 2.77% |
| Freeport, IL (FHA|USDA|VA) | 7 | $1,025,000 | $146,429 | $1,853 | 2.59% |
| Dixon, IL (FHA|USDA|VA) | 8 | $830,000 | $103,750 | $1,360 | 3.08% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,789 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $2,133 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,577 | 3.21% |
| MADISON, WI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $1,773 | 2.96% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,997 | 3.24% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,025 | 2.63% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,478 | 3.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,985 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,045 | 2.25% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,111 | 3.35% |
| Sterling, IL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,491 | 2.44% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,056 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,354 | 2.15% |
| Houghton, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,256 | 4.05% |
| Platteville, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,791 | 2.95% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,925 | 3.18% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,430 | 2.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,381 | 2.38% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,574 | 2.56% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,671 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,499 | 3.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,810 | 3.05% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,233 | 2.63% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,457 | 2.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $922 | 2.13% |
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 | 689 | $97,495,000 | $141,502 | $1,658 | 2.87% |
| FHA | 9 | $1,165,000 | $129,444 | $4,787 | 2.94% |
| USDA | 2 | $190,000 | $95,000 | $3,344 | 3.13% |
For 2021, Stillman Bank's most frequently originated type of loan was Conventional, with 689 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2021, Stillman Bank's most frequently cited loan purpose was Refi, with 265 originations. The 2nd most popular reason was Cash Out Refi, with 219 originations.
Loan Duration/Length
For 2021, Stillman Bank's most frequently cited loan duration was 30 Year, with 284 originations. The 2nd most popular length was 15 Year, with 248 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 669 | $93,145,000 | $139,230 |
| $1k-2k | 10 | $1,370,000 | $137,000 |
| $5k+ | 2 | $560,000 | $280,000 |
| $2k-3k | 1 | $85,000 | $85,000 |
Stillman Bank's average total fees were $2,077, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 669 originations.
Interest Rates
During 2021, Stillman Bank's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was <2.5%, with 240 originations.
Loan Sizing
2021 saw Stillman Bank place emphasis on $100k-200k loans with 347 originations, totaling $48,315,000 in origination value.
Applicant Income
Stillman Bank lent most frequently to those with incomes in the $50k-75k range, with 174 originations. The second most popular income band? $75k-100k, with 152 originations.
Applicant Debt to Income Ratio
Stillman Bank lent most frequently to those with DTI ratios of 20-30%, with 188 originations. The next most common DTI ratio? 30-36%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.21%
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 origination86.71%
Stillman Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 700 | $98,850,000 | $141,214 |
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 | $122,975 |
| Stillman Banccorp N.A. | 1445 Illinois Route 2 North Oregon, IL 61061 | Full Service B&M | $82,774 |
| Stillman Banccorp N.A. | 455 West Highway 38 Rochelle, IL 61068 | Full Service B&M | $61,997 |
| Stillman Banccorp N.A. | 5250 Bridge Street Roscoe, IL 61073 | Full Service B&M | $56,758 |
| Stillman Banccorp N.A. | 608 West Blackhawk Byron, IL 61010 | Full Service B&M | $48,930 |
| Stillman Banccorp N.A. | 8492 East State Street Rockford, IL 61108 | Full Service B&M | $117,937 |
For 2021, Stillman Bank had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,529 |
| Net interest income | $14,388 |
| Total noninterest income | $7,505 |
| Gross Fiduciary activities income | $1,322 |
| Service charges on deposit accounts | $654 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,529 |
| Pre-tax net operating income | $8,658 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $8,551 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,551 |
| Minority interest net income | $0 |
| Net income | $8,551 |
| Sale, conversion, retirement of capital stock, net | $82 |
| Net operating income | $8,551 |
Stillman Bank's gross interest income from loans was $15,529,000.
Stillman Bank's net interest income from loans was $14,388,000.
Stillman Bank's fee based income from loans was $654,000.
Stillman Bank's net income from loans was $8,551,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,141 |
| Provision for credit losses | $0 |
| Total noninterest expense | $13,235 |
| Salaries and employee benefits | $8,411 |
| Premises and equipment expense | $1,329 |
| Additional noninterest expense | $3,495 |
| Applicable income taxes | $107 |
| Net charge-offs | $-109 |
| Cash dividends | $2,683 |
Stillman Bank's interest expense for loans was $1,141,000.
Stillman Bank's payroll and benefits expense were $8,411,000.
Stillman Bank's property, plant and equipment expenses $1,329,000.
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 | $537,643 |
| Deposits held in domestic offices | $537,643 |
| Deposits by Individuals, partnerships, and corporations | $495,136 |
| Deposits by U.S. Government | $8 |
| Deposits by States and political subdivisions in the U.S. | $42,258 |
| Deposits by Commercial banks and other depository institutions in U.S. | $241 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $36,295 |
| Demand deposits | $23,273 |
| Nontransaction accounts | $501,348 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $395,547 |
| Total time deposits | $105,801 |
| Total time and savings deposits | $514,370 |
| Noninterest-bearing deposits | $112,059 |
| Interest-bearing deposits | $425,584 |
| Retail deposits | $504,750 |
| IRAs and Keogh plan accounts | $20,920 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $632,367 |
| Cash & Balances due from depository institutions | $40,723 |
| Interest-bearing balances | $35,137 |
| Total securities | $403,101 |
| Federal funds sold & reverse repurchase | $1,437 |
| Net loans and leases | $171,651 |
| Loan and leases loss allowance | $2,339 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,468 |
| Other real estate owned | $1,527 |
| Goodwill and other intangibles | $2,333 |
| All other assets | $4,127 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $632,367 |
| Total Liabilities | $577,380 |
| Total deposits | $537,643 |
| Interest-bearing deposits | $425,584 |
| Deposits held in domestic offices | $537,643 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $29,533 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $5,204 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $171,651 |
| Loan and leases loss allowance | $2,339 |
| Total loans and leases (domestic) | $173,990 |
| All real estate loans | $113,376 |
| Real estate loans in domestic offices | $113,376 |
| Construction and development loans | $5,623 |
| Residential 1-4 family construction | $2,035 |
| Other construction, all land development and other land | $3,588 |
| Loans secured by nonfarm nonresidential properties | $49,429 |
| Nonfarm nonresidential secured by owner-occupied properties | $31,583 |
| Commercial real estate & other non-farm, non-residential | $17,846 |
| Multifamily residential real estate | $9,095 |
| 1-4 family residential loans | $27,736 |
| Farmland loans | $21,493 |
| Loans held in foreign offices | $0 |
| Farm loans | $24,363 |
| Commercial and industrial loans | $29,437 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6,132 |
| Credit card loans | $897 |
| Related Plans | $80 |
| Consumer Auto Loans | $1,697 |
| Other loans to individuals | $3,458 |
| All other loans & leases | $682 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $54 |
| 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 $171,651,000 of loans outstanding in 2021. $113,376,000 of loans were in real estate loans. $5,623,000 of loans were in development loans. $9,095,000 of loans were in multifamily mortgage loans. $27,736,000 of loans were in 1-4 family mortgage loans. $24,363,000 of loans were in farm loans. $897,000 of loans were in credit card loans. $1,697,000 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 | 101 | $24,151 | $239,119 |
| Nonfarm, nonresidential loans - <$100k | 16 | $790 | $49,375 |
| Nonfarm, nonresidential loans - $100-250k | 43 | $6,150 | $143,023 |
| Nonfarm, nonresidential loans - $250k-1MM | 42 | $17,211 | $409,786 |
| Commercial & Industrial, US addressed loans - <$1MM | 201 | $25,621 | $127,468 |
| Commercial & Industrial, US addressed loans - <$100k | 122 | $3,964 | $32,492 |
| Commercial & Industrial, US addressed loans - $100-250k | 40 | $4,562 | $114,050 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 39 | $17,095 | $438,333 |
| Farmland loans - <$1MM | 52 | $8,457 | $162,635 |
| Farmland loans - <$100k | 14 | $587 | $41,929 |
| Farmland loans - $100-250k | 22 | $3,087 | $140,318 |
| Farmland loans - $250k-1MM | 16 | $4,783 | $298,938 |
| Agriculture operations loans - <$1MM | 67 | $9,103 | $135,866 |
| Agriculture operations loans - <$100k | 35 | $1,121 | $32,029 |
| Agriculture operations loans - $100-250k | 13 | $1,637 | $125,923 |
| Agriculture operations loans - $250k-1MM | 19 | $6,345 | $333,947 |