West Suburban Bank Mortgage Rates, Fees & Info
Lombard, ILLEI: 254900IRNXUOKGT5XK11
Tax ID: 36-2481667
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Mortgage Data
Bank Data
Review & Overview
West Suburban Bank is a smaller bank specializing in Refi loans. West Suburban Bank has a high proportion of conventional loans. Their top two markets are Chicago and Ottawa .West Suburban Bank has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
143Origination Dollar Volume (All Markets)
$28,465,000Employee count
483Top 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) | 142 | $28,410,000 | $200,070 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 143 | $28,465,000 | $199,056 | $0 | 0.00% |
For 2018, West Suburban Bank's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
For 2018, West Suburban Bank's most frequently cited loan purpose was Refi, with 95 originations. The 2nd most popular reason was Home Improvement, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $28,465,000 | $199,056 | $0 | 0.00% |
For 2018, West Suburban Bank's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2018 saw West Suburban Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,345,000 in origination value.
Applicant Income
West Suburban Bank lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $28,465,000 | $199,056 | $0 | 0.00% |
West Suburban Bank lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.80%
West Suburban Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination91.61%
West Suburban Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 143 | $28,465,000 | $199,056 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 5 | $10,745,000 | $2,149,000 |
| Single Family (1-4 Units):Site-Built | 138 | $17,720,000 | $128,406 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| West Coast Servicing, Inc. | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
| West Coast Servicing, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| West Coast Servicing, Inc. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 25.0% |
| West Coast Servicing, Inc. | Other type of mortgage | Trouble during payment process | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| West Suburban Bank | 1004 104th Street Naperville, IL 60564 | Full Service B&M | $7,966 |
| West Suburban Bank | 1005 75th Street Darien, IL 60561 | Full Service B&M | $503 |
| West Suburban Bank | 101 North Lake Street Aurora, IL 60507 | Full Service B&M | $54,222 |
| West Suburban Bank | 1061 W. Stearns Rd Bartlett, IL 60103 | Limited, Drive-thru | $1,542 |
| West Suburban Bank | 1061 West Stearns Road Bartlett, IL 60103 | Full Service B&M | $59,358 |
| West Suburban Bank | 1071 Station Drive Oswego, IL 60543 | Full Service B&M | $11,555 |
| West Suburban Bank | 1104 West Boughton Bolingbrook, IL 60440 | Full Service B&M | $44,192 |
| West Suburban Bank | 1122 South Main Street Lombard, IL 60148 | Full Service B&M | $84,865 |
| West Suburban Bank | 1296 East Chicago Avenue Naperville, IL 60540 | Full Service B&M | $19,118 |
| West Suburban Bank | 1311 Butterfield Road, Unit 111 Aurora, IL 60502 | Full Service B&M | $5,090 |
| West Suburban Bank | 1380 West Army Trail Road Carol Stream, IL 60188 | Full Service B&M | $32,773 |
| West Suburban Bank | 1657 Bloomingdale Road Glendale Heights, IL 60139 | Full Service B&M | $52,762 |
| West Suburban Bank | 17w754 22nd Street Oak Brook Terrace, IL 60181 | Full Service B&M | $23,021 |
| West Suburban Bank | 1830 Douglas Road Montgaomery, IL 60538 | Full Service B&M | $20,173 |
| West Suburban Bank | 1870 Mcdonald Road South Elgin, IL 60177 | Full Service B&M | $25,775 |
| West Suburban Bank | 1920 Maple Avenue Lisle, IL 60532 | Limited, Drive-thru | $3,582 |
| West Suburban Bank | 2000 West Galena Blvd Aurora, IL 60507 | Full Service B&M | $37,428 |
| West Suburban Bank | 2000 West Galena Boulevard Aurora, IL 60506 | Full Service B&M | $0 |
| West Suburban Bank | 2020 Feldott Drive Naperville, IL 60563 | Full Service B&M | $58,531 |
| West Suburban Bank | 2100 Finley Road Lombard, IL 60148 | Limited, Drive-thru | $4,125 |
| West Suburban Bank | 221 South West Street Wheaton, IL 60187 | Full Service B&M | $0 |
| West Suburban Bank | 2255 Monarch Drive Naperville, IL 60563 | Limited, Drive-thru | $302 |
| West Suburban Bank | 2400 South Finley Road Lombard, IL 60148 | Limited, Drive-thru | $13,928 |
| West Suburban Bank | 2800 South Finley Road Downers Grove, IL 60515 | Full Service B&M | $81,408 |
| West Suburban Bank | 2830 Route 34 Oswego, IL 60543 | Full Service B&M | $24,932 |
| West Suburban Bank | 295 West Loop Road Wheaton, IL 60187 | Full Service B&M | $53,750 |
| West Suburban Bank | 3000 East Main Street St Charles, IL 60174 | Full Service B&M | $58,338 |
| West Suburban Bank | 315 Randall Road St. Charles, IL 60174 | Full Service B&M | $24,250 |
| West Suburban Bank | 335 Eola Road Aurora, IL 60504 | Full Service B&M | $32,602 |
| West Suburban Bank | 35041 Route 59 Warrenville, IL 60555 | Full Service B&M | $32,848 |
| West Suburban Bank | 355 West Army Trail Road Bloomingdale, IL 60108 | Full Service B&M | $163,927 |
| West Suburban Bank | 40 East St. Charles Road Villa Park, IL 60181 | Full Service B&M | $38,396 |
| West Suburban Bank | 400 West Butterfield Road Elmhurst, IL 60126 | Limited, Drive-thru | $1,036 |
| West Suburban Bank | 401 North Gary Avenue Carol Stream, IL 60187 | Full Service B&M | $111,226 |
| West Suburban Bank | 505 North Weber Road Romeoville, IL 60446 | Full Service B&M | $45,186 |
| West Suburban Bank | 522 North State Route 47 Sugar Grove, IL 60554 | Full Service B&M | $4,691 |
| West Suburban Bank | 5330 South Main Street Downers Grove, IL 60515 | Full Service B&M | $24,157 |
| West Suburban Bank | 6396-6400 South Cass Avenue Westmont, IL 60559 | Full Service B&M | $27,219 |
| West Suburban Bank | 672 East Boughton Road Bolingbrook, IL 60439 | Full Service B&M | $33,063 |
| West Suburban Bank | 701-711 South Westmore Avenue Lombard, IL 60148 | Full Service B&M | $371,241 |
| West Suburban Bank | 707 North Main Street Lombard, IL 60148 | Full Service B&M | $55,036 |
| West Suburban Bank | 717 South Meyers Road Lombard, IL 60148 | Limited, Drive-thru | $0 |
| West Suburban Bank | 8001 Cass Avenue Darien, IL 60561 | Full Service B&M | $271,867 |
| West Suburban Bank | 895 East Geneva Road Carol Stream, IL 60188 | Full Service B&M | $19,933 |
For 2018, West Suburban Bank had 44 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $77,655 |
| Net interest income | $69,941 |
| Total noninterest income | $8,647 |
| Gross Fiduciary activities income | $114 |
| Service charges on deposit accounts | $2,454 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,079 |
| Pre-tax net operating income | $23,401 |
| Securities gains (or losses, -) | $-7 |
| Income before extraordinary items | $18,395 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $18,395 |
| Minority interest net income | $0 |
| Net income | $18,395 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $18,400 |
West Suburban Bank's gross interest income from loans was $77,655,000.
West Suburban Bank's net interest income from loans was $69,941,000.
West Suburban Bank's fee based income from loans was $2,454,000.
West Suburban Bank's net income from loans was $18,395,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $7,714 |
| Provision for credit losses | $940 |
| Total noninterest expense | $54,247 |
| Salaries and employee benefits | $30,223 |
| Premises and equipment expense | $10,895 |
| Additional noninterest expense | $13,129 |
| Applicable income taxes | $4,999 |
| Net charge-offs | $1,113 |
| Cash dividends | $13,000 |
West Suburban Bank's interest expense for loans was $7,714,000.
West Suburban Bank's payroll and benefits expense were $30,223,000.
West Suburban Bank's property, plant and equipment expenses $10,895,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 9.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 1.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 2.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.2% |
| 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 | $2,026,023 |
| Deposits held in domestic offices | $2,026,023 |
| Deposits by Individuals, partnerships, and corporations | $1,983,303 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $42,720 |
| 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 | $261,930 |
| Demand deposits | $224,954 |
| Nontransaction accounts | $1,764,093 |
| Money market deposit accounts (MMDAs) | $530,306 |
| Other savings deposits (excluding MMDAs) | $1,006,394 |
| Total time deposits | $227,394 |
| Total time and savings deposits | $1,801,069 |
| Noninterest-bearing deposits | $224,954 |
| Interest-bearing deposits | $1,801,069 |
| Retail deposits | $2,004,323 |
| IRAs and Keogh plan accounts | $79,085 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,251,005 |
| Cash & Balances due from depository institutions | $118,169 |
| Interest-bearing balances | $86,430 |
| Total securities | $810,217 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,199,546 |
| Loan and leases loss allowance | $15,335 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $54,725 |
| Other real estate owned | $8,987 |
| Goodwill and other intangibles | $0 |
| All other assets | $59,361 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,251,005 |
| Total Liabilities | $2,039,266 |
| Total deposits | $2,026,023 |
| Interest-bearing deposits | $1,801,069 |
| Deposits held in domestic offices | $2,026,023 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $13,243 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,199,546 |
| Loan and leases loss allowance | $15,335 |
| Total loans and leases (domestic) | $1,214,881 |
| All real estate loans | $851,124 |
| Real estate loans in domestic offices | $851,124 |
| Construction and development loans | $95,276 |
| Residential 1-4 family construction | $20,726 |
| Other construction, all land development and other land | $74,550 |
| Loans secured by nonfarm nonresidential properties | $460,704 |
| Nonfarm nonresidential secured by owner-occupied properties | $265,090 |
| Commercial real estate & other non-farm, non-residential | $195,614 |
| Multifamily residential real estate | $56,082 |
| 1-4 family residential loans | $236,335 |
| Farmland loans | $2,727 |
| Loans held in foreign offices | $0 |
| Farm loans | $350 |
| Commercial and industrial loans | $350,411 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,881 |
| Credit card loans | $5,376 |
| Related Plans | $619 |
| Consumer Auto Loans | $1,886 |
| Other loans to individuals | $0 |
| All other loans & leases | $5,115 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4,717 |
| 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 | $15,332 |
| Non 1-4 family restructured loans & leases | $7,453 |
| Total loans and leases (foreign) | $0 |
West Suburban Bank had $1,199,546,000 of loans outstanding in 2018. $851,124,000 of loans were in real estate loans. $95,276,000 of loans were in development loans. $56,082,000 of loans were in multifamily mortgage loans. $236,335,000 of loans were in 1-4 family mortgage loans. $350,000 of loans were in farm loans. $5,376,000 of loans were in credit card loans. $1,886,000 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 | 634 | $131,284 | $207,073 |
| Nonfarm, nonresidential loans - <$100k | 316 | $3,413 | $10,801 |
| Nonfarm, nonresidential loans - $100-250k | 116 | $20,087 | $173,164 |
| Nonfarm, nonresidential loans - $250k-1MM | 202 | $107,784 | $533,584 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,677 | $112,987 | $67,374 |
| Commercial & Industrial, US addressed loans - <$100k | 1,387 | $17,397 | $12,543 |
| Commercial & Industrial, US addressed loans - $100-250k | 146 | $24,627 | $168,678 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 144 | $70,963 | $492,799 |