Glenview State Bank Mortgage Rates, Fees & Info

Glenview, IL

LEI: 254900GPEJ25OTHRU605

Tax ID: 36-1136540

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Glenview State Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Glenview State Bank has a high proportion of conventional loans. Their top two markets are Chicago and Milwaukee .

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

    369

    Origination Dollar Volume (All Markets)

    $98,155,000

    Employee count

    145

    Awards

    Glenview State Bank 30 Year Conventional Loans gold Glenview State Bank 30 Year Conventional Loans gold
    Show all (2) 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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 367 $97,765,000 $266,390 $1,658 2.91%
    Outside of Metro Areas 1 $265,000 $265,000 $1,960 3.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,656 2.50%
    Glenview State Bank's top markets include Chicago and Milwaukee among others.

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

    • Similar Lenders

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

    Liberty Bank for Savings
    Similarity Rank: 312
    Glenview State Bank
    Similarity Rank: 312
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648
    The Equitable Bank, S.S.B.
    Similarity Rank: 820
    RUHL MORTGAGE, LLC
    Similarity Rank: 988
    United Community Bank
    Similarity Rank: 1360
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 1610
    DuPage Credit Union
    Similarity Rank: 1824
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 1841

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 369 $98,155,000 $266,003 $1,659 2.91%

    For 2020, Glenview State Bank's most frequently originated type of loan was Conventional, with 369 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 226 $59,710,000 $264,204 $1,503 2.82%
    Cash Out Refi 100 $29,090,000 $290,900 $1,520 2.93%
    Home Purchase 25 $7,395,000 $295,800 $4,118 3.17%
    Home Improvement 10 $770,000 $77,000 $864 3.79%
    Other 8 $1,190,000 $148,750 $1,095 3.52%

    For 2020, Glenview State Bank's most frequently cited loan purpose was Refi, with 226 originations. The 2nd most popular reason was Cash Out Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 133 $38,105,000 $286,504 $1,915 3.11%
    15 Year 126 $31,460,000 $249,683 $1,562 2.70%
    20 Year 59 $15,915,000 $269,746 $1,527 2.94%
    10 Year 38 $10,560,000 $277,895 $1,356 2.90%
    Other 10 $1,950,000 $195,000 $1,519 2.89%
    5 Year 3 $165,000 $55,000 $1,135 2.63%

    For 2020, Glenview State Bank's most frequently cited loan duration was 30 Year, with 133 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 368 $95,500,000 $259,511

    Glenview State Bank's average total fees were $1,915, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 368 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 183 $48,085,000 $262,760
    3-4% 95 $29,585,000 $311,421
    <2.5% 81 $19,725,000 $243,519
    4-5% 10 $760,000 $76,000

    During 2020, Glenview State Bank's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 168 $46,860,000 $278,929 $1,684 2.88%
    $100k-200k 116 $17,870,000 $154,052 $1,671 2.83%
    $400k-600k 42 $19,870,000 $473,095 $1,913 2.89%
    $100,000 or less 30 $1,960,000 $65,333 $1,160 3.35%
    $600k-1MM 11 $7,755,000 $705,000 $1,541 3.08%
    $1MM+ 2 $3,840,000 $1,920,000 $1,558 3.38%

    2020 saw Glenview State Bank place emphasis on $200k-400k loans with 168 originations, totaling $46,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 105 $30,035,000 $286,048 $1,642 2.86%
    $100k-150k 97 $21,865,000 $225,412 $1,701 2.95%
    $250k+ 61 $25,795,000 $422,869 $1,588 2.87%
    $75k-100k 47 $9,135,000 $194,362 $1,687 2.94%
    $50k-75k 33 $4,865,000 $147,424 $1,874 2.95%
    $50k or less 15 $1,625,000 $108,333 $1,556 3.18%

    Glenview State Bank lent most frequently to those with incomes in the $150k-250k range, with 105 originations. The second most popular income band? $100k-150k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $35,575,000 $289,228 $1,676 2.96%
    <20% 82 $21,450,000 $261,585 $1,627 2.82%
    30-36% 56 $14,850,000 $265,179 $1,699 2.92%
    40% 11 $2,365,000 $215,000 $1,804 2.73%
    37% 10 $2,070,000 $207,000 $1,655 3.01%
    36% 9 $1,795,000 $199,444 $1,540 2.78%
    42% 8 $2,320,000 $290,000 $1,331 3.03%
    41% 8 $2,170,000 $271,250 $1,740 3.06%
    38% 7 $1,395,000 $199,286 $1,525 2.95%
    44% 7 $1,465,000 $209,286 $1,943 2.84%
    39% 6 $810,000 $135,000 $2,009 3.02%
    50-60% 6 $1,300,000 $216,667 $1,410 3.13%
    45% 6 $1,480,000 $246,667 $1,534 2.92%
    >60% 5 $1,125,000 $225,000 $2,277 3.13%
    43% 5 $1,045,000 $209,000 $1,525 3.05%
    48% 5 $1,135,000 $227,000 $1,553 2.88%
    46% 3 $935,000 $311,667 $2,645 2.79%
    49% 1 $35,000 $35,000 $339 3.50%

    Glenview State Bank lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? <20%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 283 $72,805,000 $257,261 $1,644 2.91%
    Not provided 52 $14,140,000 $271,923 $1,815 2.95%
    Asian 22 $5,560,000 $252,727 $1,441 2.89%
    Not applicable 1 $2,655,000 $2,655,000 $0 4.00%
    Korean 2 $780,000 $390,000 $1,538 2.63%
    Other Asian 2 $720,000 $360,000 $1,253 2.56%
    Chinese 3 $675,000 $225,000 $2,492 2.75%
    American Indian 2 $670,000 $335,000 $1,519 2.81%
    Asian Indian 1 $105,000 $105,000 $1,509 3.00%
    Black 1 $45,000 $45,000 $1,519 2.88%

    Approval Rates

    Total approvals of all applications
    88.99%

    Glenview State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.75%

    Glenview State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 369 $98,155,000 $266,003

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $2,655,000 $2,655,000
    Single Family (1-4 Units):Site-Built 368 $95,500,000 $259,511

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $9,335,000 $176,132 $1,557 2.84%
    40-60% 115 $32,215,000 $280,130 $1,625 2.79%
    60-80% 172 $51,160,000 $297,442 $1,761 2.96%
    80-100% 16 $4,420,000 $276,250 $1,801 2.98%
    Under 20% 12 $900,000 $75,000 $847 3.57%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Glenview State Bank 161 Waukegan Road Northfield, IL 60093 Full Service B&M $31,144
    Glenview State Bank 1707 Shermer Avenue Northbrook, IL 60062 Full Service B&M $60,892
    Glenview State Bank 2222 Chestnut Aveneu Glenview, IL 60025 Full Service B&M $57,110
    Glenview State Bank 2610 Golf Road Glenview, IL 60025 Full Service B&M $76,484
    Glenview State Bank 299 West Central Mount Prospect, IL 60056 Full Service B&M $133,803
    Glenview State Bank 3310 Glenview Road Glenview, IL 60025 Full Service B&M $88,698
    Glenview State Bank 800 Waukegan Road Glenview, IL 60025 Full Service B&M $733,958

    For 2020, Glenview State Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,681
    Net interest income $30,730
    Total noninterest income $9,872
    Gross Fiduciary activities income $4,926
    Service charges on deposit accounts $729
    Trading account gains and fees $0
    Additional Noninterest Income $4,217
    Pre-tax net operating income $11,202
    Securities gains (or losses, -) $665
    Income before extraordinary items $11,777
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,777
    Minority interest net income $0
    Net income $11,777
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,118

    Glenview State Bank's gross interest income from loans was $34,681,000.
    Glenview State Bank's net interest income from loans was $30,730,000.
    Glenview State Bank's fee based income from loans was $729,000.
    Glenview State Bank's net income from loans was $11,777,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,951
    Provision for credit losses $3,650
    Total noninterest expense $25,750
    Salaries and employee benefits $16,357
    Premises and equipment expense $2,508
    Additional noninterest expense $6,885
    Applicable income taxes $90
    Net charge-offs $43
    Cash dividends $6,203

    Glenview State Bank's interest expense for loans was $3,951,000.
    Glenview State Bank's payroll and benefits expense were $16,357,000.
    Glenview State Bank's property, plant and equipment expenses $2,508,000.

    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 4.0%
    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 $1,259,022
    Deposits held in domestic offices $1,259,022
    Deposits by Individuals, partnerships, and corporations $1,205,007
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $54,010
    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 $186,614
    Demand deposits $81,251
    Nontransaction accounts $1,072,408
    Money market deposit accounts (MMDAs) $721,049
    Other savings deposits (excluding MMDAs) $185,995
    Total time deposits $165,363
    Total time and savings deposits $1,177,771
    Noninterest-bearing deposits $317,542
    Interest-bearing deposits $941,479
    Retail deposits $1,216,217
    IRAs and Keogh plan accounts $44,804
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,457,394
    Cash & Balances due from depository institutions $131,831
    Interest-bearing balances $124,068
    Total securities $832,943
    Federal funds sold & reverse repurchase $3,007
    Net loans and leases $462,684
    Loan and leases loss allowance $12,564
    Trading account assets $0
    Bank premises and fixed assets $14,926
    Other real estate owned $0
    Goodwill and other intangibles $648
    All other assets $11,355

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,457,394
    Total Liabilities $1,280,763
    Total deposits $1,259,022
    Interest-bearing deposits $941,479
    Deposits held in domestic offices $1,259,022
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $10,876
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $6,865

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $462,684
    Loan and leases loss allowance $12,564
    Total loans and leases (domestic) $475,248
    All real estate loans $194,100
    Real estate loans in domestic offices $194,100
    Construction and development loans $1,211
    Residential 1-4 family construction $1,211
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $44,059
    Nonfarm nonresidential secured by owner-occupied properties $42,580
    Commercial real estate & other non-farm, non-residential $1,479
    Multifamily residential real estate $12,474
    1-4 family residential loans $136,356
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $96,442
    To non-U.S. addressees $0
    Loans to individuals $170,633
    Credit card loans $0
    Related Plans $928
    Consumer Auto Loans $120,533
    Other loans to individuals $49,172
    All other loans & leases $14,073
    Loans to foreign governments and official institutions $0
    Other loans $7,899
    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

    Glenview State Bank had $462,684,000 of loans outstanding in 2020. $194,100,000 of loans were in real estate loans. $1,211,000 of loans were in development loans. $12,474,000 of loans were in multifamily mortgage loans. $136,356,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $120,533,000 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 39 $10,719 $274,846
    Nonfarm, nonresidential loans - <$100k 2 $110 $55,000
    Nonfarm, nonresidential loans - $100-250k 4 $326 $81,500
    Nonfarm, nonresidential loans - $250k-1MM 33 $10,283 $311,606
    Commercial & Industrial, US addressed loans - <$1MM 516 $49,159 $95,269
    Commercial & Industrial, US addressed loans - <$100k 370 $10,704 $28,930
    Commercial & Industrial, US addressed loans - $100-250k 79 $10,151 $128,494
    Commercial & Industrial, US addressed loans - $250k-1MM 67 $28,304 $422,448