International Bank Of Chicago Mortgage Rates, Fees & Info
Chicago, IL
LEI: 254900KI0CM65KPBM547
Tax ID: 36-3842292
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Mortgage Data
Bank 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
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.
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 |
