West Suburban Bank Mortgage Rates, Fees & Info

Lombard, IL

LEI: 254900IRNXUOKGT5XK11

Tax ID: 36-2481667

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Mortgage Data

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

    West Suburban Bank is a smaller bank specializing in Refi loans. West Suburban Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Niles, and South Bend among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    West Suburban Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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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    Originations

    226

    Origination Dollar Volume (All Markets)

    $56,490,000

    Employee count

    403

    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) 224 $54,240,000 $242,143 $0 0.00%
    NILES, MI (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 0.00%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
    West Suburban Bank's top markets include Chicago, Niles, and South Bend among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 226 $56,490,000 $249,956 $0 0.00%

    For 2020, West Suburban Bank's most frequently originated type of loan was Conventional, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 177 $44,355,000 $250,593 $0 0.00%
    Home Improvement 19 $1,655,000 $87,105 $0 0.00%
    Home Purchase 16 $9,070,000 $566,875 $0 0.00%
    Other 14 $1,410,000 $100,714 $0 0.00%

    For 2020, West Suburban Bank's most frequently cited loan purpose was Refi, with 177 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 226 $56,490,000 $249,956 $0 0.00%

    For 2020, West Suburban Bank's most frequently cited loan duration was Other, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 99 $14,305,000 $144,495 $0 0.00%
    $100,000 or less 68 $4,040,000 $59,412 $0 0.00%
    $200k-400k 41 $10,745,000 $262,073 $0 0.00%
    $1MM+ 7 $20,485,000 $2,926,429 $0 0.00%
    $400k-600k 6 $3,040,000 $506,667 $0 0.00%
    $600k-1MM 5 $3,875,000 $775,000 $0 0.00%

    2020 saw West Suburban Bank place emphasis on $100k-200k loans with 99 originations, totaling $14,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $6,185,000 $104,831 $0 0.00%
    $100k-150k 46 $7,600,000 $165,217 $0 0.00%
    $75k-100k 32 $3,550,000 $110,938 $0 0.00%
    $50k or less 28 $2,950,000 $105,357 $0 0.00%
    $150k-250k 21 $4,495,000 $214,048 $0 0.00%
    $250k+ 8 $2,840,000 $355,000 $0 0.00%

    West Suburban Bank lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 226 $56,490,000 $249,956 $0 0.00%

    West Suburban Bank lent most frequently to those with DTI ratios of Exempt%, with 226 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $24,415,000 $141,127 $0 0.00%
    Not applicable 20 $22,370,000 $1,118,500 $0 0.00%
    Asian 20 $7,550,000 $377,500 $0 0.00%
    Asian Indian 6 $1,090,000 $181,667 $0 0.00%
    Filipino 1 $465,000 $465,000 $0 0.00%
    Black 2 $240,000 $120,000 $0 0.00%
    Korean 1 $185,000 $185,000 $0 0.00%
    Other Asian 1 $75,000 $75,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.88%

    West Suburban Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.71%

    West Suburban Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 226 $56,490,000 $249,956

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 16 $25,690,000 $1,605,625
    Single Family (1-4 Units):Site-Built 210 $30,800,000 $146,667

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    West Coast Servicing, Inc. Conventional home mortgage Struggling to pay mortgage 1 50.0%
    West Coast Servicing, Inc. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    West Suburban Bank 1071 Station Drive Oswego, IL 60543 Full Service B&M $15,490
    West Suburban Bank 100 S. Main Street Lombard, IL 60148 Full Service B&M $0
    West Suburban Bank 1004 104th Street Naperville, IL 60564 Full Service B&M $12,419
    West Suburban Bank 1005 75th Street Darien, IL 60561 Full Service B&M $734
    West Suburban Bank 101 North Lake Street Aurora, IL 60507 Full Service B&M $63,097
    West Suburban Bank 1061 W. Stearns Rd Bartlett, IL 60103 Limited, Drive-thru $1,306
    West Suburban Bank 1061 West Stearns Road Bartlett, IL 60103 Full Service B&M $70,164
    West Suburban Bank 1104 West Boughton Bolingbrook, IL 60440 Full Service B&M $51,266
    West Suburban Bank 1122 South Main Street Lombard, IL 60148 Full Service B&M $90,663
    West Suburban Bank 1296 East Chicago Avenue Naperville, IL 60540 Full Service B&M $23,293
    West Suburban Bank 1311 Butterfield Road, Unit 111 Aurora, IL 60502 Full Service B&M $7,122
    West Suburban Bank 1380 West Army Trail Road Carol Stream, IL 60188 Full Service B&M $39,778
    West Suburban Bank 1657 Bloomingdale Road Glendale Heights, IL 60139 Full Service B&M $62,721
    West Suburban Bank 17w754 22nd Street Oak Brook Terrace, IL 60181 Full Service B&M $29,407
    West Suburban Bank 1830 Douglas Road Montgaomery, IL 60538 Full Service B&M $22,173
    West Suburban Bank 1870 Mcdonald Road South Elgin, IL 60177 Full Service B&M $33,153
    West Suburban Bank 1920 Maple Avenue Lisle, IL 60532 Limited, Drive-thru $4,733
    West Suburban Bank 2000 West Galena Blvd Aurora, IL 60507 Full Service B&M $44,198
    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 $86,544
    West Suburban Bank 2100 Finley Road Lombard, IL 60148 Limited, Drive-thru $6,007
    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 $163
    West Suburban Bank 2400 South Finley Road Lombard, IL 60148 Limited, Drive-thru $16,085
    West Suburban Bank 2800 South Finley Road Downers Grove, IL 60515 Full Service B&M $87,787
    West Suburban Bank 2830 Route 34 Oswego, IL 60543 Full Service B&M $31,674
    West Suburban Bank 295 West Loop Road Wheaton, IL 60187 Full Service B&M $70,059
    West Suburban Bank 3000 East Main Street St Charles, IL 60174 Full Service B&M $74,456
    West Suburban Bank 315 Randall Road St. Charles, IL 60174 Full Service B&M $25,812
    West Suburban Bank 335 N Eola Rd Aurora, IL 60504 Full Service B&M $32,617
    West Suburban Bank 35041 Route 59 Warrenville, IL 60555 Full Service B&M $39,971
    West Suburban Bank 355 West Army Trail Road Bloomingdale, IL 60108 Full Service B&M $186,771
    West Suburban Bank 40 East St. Charles Road Villa Park, IL 60181 Full Service B&M $42,084
    West Suburban Bank 400 West Butterfield Road Elmhurst, IL 60126 Limited, Drive-thru $646
    West Suburban Bank 401 North Gary Avenue Carol Stream, IL 60187 Full Service B&M $140,387
    West Suburban Bank 505 North Weber Road Romeoville, IL 60446 Full Service B&M $44,360
    West Suburban Bank 522 North State Route 47 Sugar Grove, IL 60554 Full Service B&M $5,903
    West Suburban Bank 5330 South Main Street Downers Grove, IL 60515 Full Service B&M $25,968
    West Suburban Bank 6396-6400 South Cass Avenue Westmont, IL 60559 Full Service B&M $34,283
    West Suburban Bank 672 East Boughton Road Bolingbrook, IL 60439 Full Service B&M $36,151
    West Suburban Bank 701-711 South Westmore Avenue Lombard, IL 60148 Full Service B&M $416,799
    West Suburban Bank 707 North Main Street Lombard, IL 60148 Full Service B&M $67,742
    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 $297,836
    West Suburban Bank 895 East Geneva Road Carol Stream, IL 60188 Full Service B&M $21,547

    For 2020, West Suburban Bank had 45 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $68,422
    Net interest income $61,114
    Total noninterest income $15,523
    Gross Fiduciary activities income $110
    Service charges on deposit accounts $2,013
    Trading account gains and fees $0
    Additional Noninterest Income $13,400
    Pre-tax net operating income $12,542
    Securities gains (or losses, -) $1,607
    Income before extraordinary items $11,008
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,008
    Minority interest net income $0
    Net income $11,008
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,738

    West Suburban Bank's gross interest income from loans was $68,422,000.
    West Suburban Bank's net interest income from loans was $61,114,000.
    West Suburban Bank's fee based income from loans was $2,013,000.
    West Suburban Bank's net income from loans was $11,008,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,308
    Provision for credit losses $6,003
    Total noninterest expense $58,092
    Salaries and employee benefits $31,728
    Premises and equipment expense $12,730
    Additional noninterest expense $13,634
    Applicable income taxes $3,141
    Net charge-offs $1,645
    Cash dividends $1,500

    West Suburban Bank's interest expense for loans was $7,308,000.
    West Suburban Bank's payroll and benefits expense were $31,728,000.
    West Suburban Bank's property, plant and equipment expenses $12,730,000.

    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 1.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $2,487,351
    Deposits held in domestic offices $2,487,351
    Deposits by Individuals, partnerships, and corporations $2,432,102
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $55,249
    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 $393,598
    Demand deposits $356,608
    Nontransaction accounts $2,093,753
    Money market deposit accounts (MMDAs) $638,110
    Other savings deposits (excluding MMDAs) $1,219,685
    Total time deposits $235,958
    Total time and savings deposits $2,130,743
    Noninterest-bearing deposits $359,276
    Interest-bearing deposits $2,128,075
    Retail deposits $2,449,552
    IRAs and Keogh plan accounts $78,734
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,752,735
    Cash & Balances due from depository institutions $94,562
    Interest-bearing balances $69,324
    Total securities $1,074,215
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,468,712
    Loan and leases loss allowance $18,618
    Trading account assets $0
    Bank premises and fixed assets $55,473
    Other real estate owned $5,578
    Goodwill and other intangibles $0
    All other assets $54,195

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,752,735
    Total Liabilities $2,520,174
    Total deposits $2,487,351
    Interest-bearing deposits $2,128,075
    Deposits held in domestic offices $2,487,351
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,000
    Subordinated debt $0
    All other liabilities $13,823

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,468,712
    Loan and leases loss allowance $18,618
    Total loans and leases (domestic) $1,487,330
    All real estate loans $889,392
    Real estate loans in domestic offices $889,392
    Construction and development loans $72,367
    Residential 1-4 family construction $15,360
    Other construction, all land development and other land $57,007
    Loans secured by nonfarm nonresidential properties $546,628
    Nonfarm nonresidential secured by owner-occupied properties $259,305
    Commercial real estate & other non-farm, non-residential $287,323
    Multifamily residential real estate $79,945
    1-4 family residential loans $189,397
    Farmland loans $1,055
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $586,457
    To non-U.S. addressees $0
    Loans to individuals $7,888
    Credit card loans $4,745
    Related Plans $444
    Consumer Auto Loans $2,481
    Other loans to individuals $218
    All other loans & leases $3,593
    Loans to foreign governments and official institutions $0
    Other loans $3,219
    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 $4,610
    Non 1-4 family restructured loans & leases $407
    Total loans and leases (foreign) $0

    West Suburban Bank had $1,468,712,000 of loans outstanding in 2020. $889,392,000 of loans were in real estate loans. $72,367,000 of loans were in development loans. $79,945,000 of loans were in multifamily mortgage loans. $189,397,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $4,745,000 of loans were in credit card loans. $2,481,000 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 551 $124,553 $226,049
    Nonfarm, nonresidential loans - <$100k 248 $3,556 $14,339
    Nonfarm, nonresidential loans - $100-250k 103 $17,529 $170,184
    Nonfarm, nonresidential loans - $250k-1MM 200 $103,468 $517,340
    Commercial & Industrial, US addressed loans - <$1MM 3,233 $234,471 $72,524
    Commercial & Industrial, US addressed loans - <$100k 2,648 $48,178 $18,194
    Commercial & Industrial, US addressed loans - $100-250k 328 $51,806 $157,945
    Commercial & Industrial, US addressed loans - $250k-1MM 257 $134,487 $523,296