International Bank Of Chicago Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900KI0CM65KPBM547

Tax ID: 36-3842292

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

International Bank Of Chicago is a smaller bank specializing in Home Purchase loans. International Bank Of Chicago has a high proportion of conventional loans. Their top markets include Chicago, New York, Poughkeepsie, Dallas, and Seattle among others. International Bank Of Chicago has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

287

Origination Dollar Volume (All Markets)

$96,955,000

Employee count

116

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 261 $86,615,000 $331,858 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $5,630,000 $563,000 $0 0.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $1,795,000 $256,429 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%

International Bank Of Chicago's top markets include Chicago, New York, Poughkeepsie, Dallas, and Seattle among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 287 $96,955,000 $337,822 $0 0.00%

For the 2021 period, International Bank Of Chicago's most frequently originated loan type of loans were Conventional, with 287 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 256 $82,890,000 $323,789 $0 0.00%
Refi 28 $13,470,000 $481,071 $0 0.00%
Other 3 $595,000 $198,333 $0 0.00%

For the 2021, International Bank Of Chicago's most frequently cited loan purpose of loans were Home Purchase, with 256 originations. The 2nd most popular reason of loans were Refi, with 28 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 287 $96,955,000 $337,822 $0 0.00%

For the 2021, International Bank Of Chicago's most frequently cited loan length of loans were Other, with 287 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 146 $39,460,000 $270,274 $0 0.00%
$100k-200k 77 $12,145,000 $157,727 $0 0.00%
$400k-600k 28 $13,340,000 $476,429 $0 0.00%
$1MM+ 14 $21,260,000 $1,518,571 $0 0.00%
$600k-1MM 13 $10,065,000 $774,231 $0 0.00%
$100,000 or less 9 $685,000 $76,111 $0 0.00%

2021 saw International Bank Of Chicago place emphasis on $200k-400k loans with 146 originations, totaling $39,460,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 80 $16,030,000 $200,375 $0 0.00%
$75k-100k 62 $15,760,000 $254,194 $0 0.00%
$100k-150k 54 $15,790,000 $292,407 $0 0.00%
$50k or less 23 $4,375,000 $190,217 $0 0.00%
$150k-250k 8 $3,030,000 $378,750 $0 0.00%
$250k+ 3 $1,915,000 $638,333 $0 0.00%

International Bank Of Chicago lent most frequently to those with incomes in the $50k-75k range, with 80 originations. The second most popular income band? $75k-100k, with 62 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 287 $96,955,000 $337,822 $0 0.00%

International Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 287 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 218 $53,590,000 $245,826 $0 0.00%
Not applicable 56 $39,500,000 $705,357 $0 0.00%
White 9 $2,665,000 $296,111 $0 0.00%
Chinese 2 $630,000 $315,000 $0 0.00%
Native Hawaiian 1 $325,000 $325,000 $0 0.00%
Vietnamese 1 $245,000 $245,000 $0 0.00%

Approval Rates

Total approvals of all applications
95.75%

International Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
82.60%

International Bank Of Chicago has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 287 $96,955,000 $337,822

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
287 $96,955,000 $337,822

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
INTERNATIONAL CITY MORTGAGE VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
International Bank of Chicago 1860 North Mannheim Road Stone Park, IL 60165 Full Service B&M $103,764
International Bank of Chicago 2 West Main Street Port Jervis, NY 12771 Full Service B&M $17,035
International Bank of Chicago 217 West Cermak Road Chicago, IL 60616 Full Service B&M $65,472
International Bank of Chicago 5069 North Broadway Chicago, IL 60640 Full Service B&M $380,542
International Bank of Chicago 611 Green Bay Rd Wilmette, IL 60091 Full Service B&M $92,989
International Bank of Chicago 9380 West Ballard Road Des Plaines, IL 60016 Full Service B&M $97,584

For 2021, International Bank Of Chicago had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $36,501
Net interest income $32,407
Total noninterest income $6,279
Gross Fiduciary activities income $48
Service charges on deposit accounts $2,573
Trading account gains and fees $0
Additional Noninterest Income $3,658
Pre-tax net operating income $19,219
Securities gains (or losses, -) $-74
Income before extraordinary items $17,798
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $17,798
Minority interest net income $0
Net income $17,798
Sale, conversion, retirement of capital stock, net $0
Net operating income $17,866

International Bank Of Chicago's gross interest income from loans was $36,501,000.
International Bank Of Chicago's net interest income from loans was $32,407,000.
International Bank Of Chicago's fee based income from loans was $2,573,000.
International Bank Of Chicago's net income from loans was $17,798,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,094
Provision for credit losses $1,875
Total noninterest expense $17,592
Salaries and employee benefits $9,443
Premises and equipment expense $1,540
Additional noninterest expense $6,609
Applicable income taxes $1,347
Net charge-offs $-250
Cash dividends $1,550

International Bank Of Chicago's interest expense for loans was $4,094,000.
International Bank Of Chicago's payroll and benefits expense were $9,443,000.
International Bank Of Chicago's property, plant and equipment expenses $1,540,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 3.0%
Real Estate loans 3.0%
Construction & Land Development loans 37.0%
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 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 $770,782
Deposits held in domestic offices $770,782
Deposits by Individuals, partnerships, and corporations $621,157
Deposits by U.S. Government $2,000
Deposits by States and political subdivisions in the U.S. $5,250
Deposits by Commercial banks and other depository institutions in U.S. $68,346
Deposits by Banks in foreign countries $74,029
Deposits by Foreign governments and official institutions $0
Transaction accounts $94,910
Demand deposits $37,132
Nontransaction accounts $675,872
Money market deposit accounts (MMDAs) $197,909
Other savings deposits (excluding MMDAs) $208,056
Total time deposits $269,908
Total time and savings deposits $733,650
Noninterest-bearing deposits $141,771
Interest-bearing deposits $629,011
Retail deposits $682,060
IRAs and Keogh plan accounts $18,391
Brokered deposits $57,516
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $890,158
Cash & Balances due from depository institutions $99,896
Interest-bearing balances $93,450
Total securities $155,322
Federal funds sold & reverse repurchase $0
Net loans and leases $618,594
Loan and leases loss allowance $12,270
Trading account assets $0
Bank premises and fixed assets $8,270
Other real estate owned $1,764
Goodwill and other intangibles $23
All other assets $6,289

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $890,158
Total Liabilities $790,609
Total deposits $770,782
Interest-bearing deposits $629,011
Deposits held in domestic offices $770,782
% insured (estimated) $63
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $15,000
Subordinated debt $0
All other liabilities $4,827

Issued Loan Types

Type Value (in 000's)
Net loans and leases $618,594
Loan and leases loss allowance $12,270
Total loans and leases (domestic) $630,864
All real estate loans $582,658
Real estate loans in domestic offices $582,658
Construction and development loans $33,531
Residential 1-4 family construction $3,943
Other construction, all land development and other land $29,588
Loans secured by nonfarm nonresidential properties $305,001
Nonfarm nonresidential secured by owner-occupied properties $119,912
Commercial real estate & other non-farm, non-residential $185,089
Multifamily residential real estate $26,639
1-4 family residential loans $216,653
Farmland loans $834
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $48,024
To non-U.S. addressees $0
Loans to individuals $148
Credit card loans $0
Related Plans $3
Consumer Auto Loans $105
Other loans to individuals $40
All other loans & leases $34
Loans to foreign governments and official institutions $0
Other loans $34
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 $3,776
Non 1-4 family restructured loans & leases $3,372
Total loans and leases (foreign) $0

International Bank of Chicago had $618,594,000 of loans outstanding in 2021. $582,658,000 of loans were in real estate loans. $33,531,000 of loans were in development loans. $26,639,000 of loans were in multifamily mortgage loans. $216,653,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $105,000 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 232 $94,769 $408,487
Nonfarm, nonresidential loans - <$100k 9 $440 $48,889
Nonfarm, nonresidential loans - $100-250k 42 $6,032 $143,619
Nonfarm, nonresidential loans - $250k-1MM 181 $88,297 $487,829
Commercial & Industrial, US addressed loans - <$1MM 189 $16,770 $88,730
Commercial & Industrial, US addressed loans - <$100k 144 $3,390 $23,542
Commercial & Industrial, US addressed loans - $100-250k 21 $2,928 $139,429
Commercial & Industrial, US addressed loans - $250k-1MM 24 $10,452 $435,500