International Bank Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900KI0CM65KPBM547
Tax ID: 36-3842292
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Mortgage Data
Bank Data
Review & Overview
International Bank Of Chicago is a smaller bank specializing in Home Purchase and Refi loans. International Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Raleigh, San Francisco, and Orlando among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)International Bank Of Chicago has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
115Origination Dollar Volume (All Markets)
$40,335,000Employee count
113Top 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) | 77 | $22,645,000 | $294,091 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $12,440,000 | $777,500 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 115 | $40,335,000 | $350,739 | $0 | 0.00% |
For 2019, International Bank Of Chicago's most frequently originated type of loan was Conventional, with 115 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 81 | $30,085,000 | $371,420 | $0 | 0.00% |
| Refi | 33 | $9,795,000 | $296,818 | $0 | 0.00% |
| Cash Out Refi | 1 | $455,000 | $455,000 | $0 | 0.00% |
For 2019, International Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 115 | $40,335,000 | $350,739 | $0 | 0.00% |
For 2019, International Bank Of Chicago's most frequently cited loan duration was Other, with 115 originations.
Loan Sizing
2019 saw International Bank Of Chicago place emphasis on $200k-400k loans with 45 originations, totaling $12,505,000 in origination value.
Applicant Income
International Bank Of Chicago lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 115 | $40,335,000 | $350,739 | $0 | 0.00% |
International Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 115 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.27%
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 origination88.70%
International Bank Of Chicago has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 115 | $40,335,000 | $350,739 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 17 | $9,765,000 | $574,412 |
| Single Family (1-4 Units):Site-Built | 98 | $30,570,000 | $311,939 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERCONTINENTAL CAPITAL GROUP | 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 | 1210 Central Avenue Wilmette, IL 60091 | Full Service B&M | $69,043 |
| International Bank of Chicago | 1860 North Mannheim Road Stone Park, IL 60165 | Full Service B&M | $95,083 |
| International Bank of Chicago | 2 West Main Street Port Jervis, NY 12771 | Full Service B&M | $17,160 |
| International Bank of Chicago | 217 West Cermak Road Chicago, IL 60616 | Full Service B&M | $38,454 |
| International Bank of Chicago | 5069 North Broadway Chicago, IL 60640 | Full Service B&M | $277,969 |
| International Bank of Chicago | 9380 West Ballard Road Des Plaines, IL 60016 | Full Service B&M | $64,644 |
For 2019, International Bank Of Chicago had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,757 |
| Net interest income | $22,305 |
| Total noninterest income | $2,838 |
| Gross Fiduciary activities income | $49 |
| Service charges on deposit accounts | $2,978 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $-189 |
| Pre-tax net operating income | $8,831 |
| Securities gains (or losses, -) | $96 |
| Income before extraordinary items | $8,760 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,760 |
| Minority interest net income | $0 |
| Net income | $8,760 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,665 |
International Bank Of Chicago's gross interest income from loans was $30,757,000.
International Bank Of Chicago's net interest income from loans was $22,305,000.
International Bank Of Chicago's fee based income from loans was $2,978,000.
International Bank Of Chicago's net income from loans was $8,760,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $8,452 |
| Provision for credit losses | $1,025 |
| Total noninterest expense | $15,287 |
| Salaries and employee benefits | $7,824 |
| Premises and equipment expense | $1,522 |
| Additional noninterest expense | $5,941 |
| Applicable income taxes | $167 |
| Net charge-offs | $973 |
| Cash dividends | $8,300 |
International Bank Of Chicago's interest expense for loans was $8,452,000.
International Bank Of Chicago's payroll and benefits expense were $7,824,000.
International Bank Of Chicago's property, plant and equipment expenses $1,522,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 4.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 45.0% |
| 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 | 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 | $585,240 |
| Deposits held in domestic offices | $585,240 |
| Deposits by Individuals, partnerships, and corporations | $490,615 |
| Deposits by U.S. Government | $2,000 |
| Deposits by States and political subdivisions in the U.S. | $3,848 |
| Deposits by Commercial banks and other depository institutions in U.S. | $57,931 |
| Deposits by Banks in foreign countries | $30,845 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $34,216 |
| Demand deposits | $27,102 |
| Nontransaction accounts | $551,023 |
| Money market deposit accounts (MMDAs) | $67,960 |
| Other savings deposits (excluding MMDAs) | $177,183 |
| Total time deposits | $305,881 |
| Total time and savings deposits | $558,137 |
| Noninterest-bearing deposits | $129,651 |
| Interest-bearing deposits | $455,589 |
| Retail deposits | $474,668 |
| IRAs and Keogh plan accounts | $18,910 |
| Brokered deposits | $83,844 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $677,878 |
| Cash & Balances due from depository institutions | $57,553 |
| Interest-bearing balances | $54,780 |
| Total securities | $161,240 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $444,390 |
| Loan and leases loss allowance | $6,772 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,554 |
| Other real estate owned | $1,969 |
| Goodwill and other intangibles | $34 |
| All other assets | $4,138 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $677,878 |
| Total Liabilities | $599,311 |
| Total deposits | $585,240 |
| Interest-bearing deposits | $455,589 |
| Deposits held in domestic offices | $585,240 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $4,071 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $444,390 |
| Loan and leases loss allowance | $6,772 |
| Total loans and leases (domestic) | $451,162 |
| All real estate loans | $410,190 |
| Real estate loans in domestic offices | $410,190 |
| Construction and development loans | $37,589 |
| Residential 1-4 family construction | $1,420 |
| Other construction, all land development and other land | $36,169 |
| Loans secured by nonfarm nonresidential properties | $210,310 |
| Nonfarm nonresidential secured by owner-occupied properties | $89,230 |
| Commercial real estate & other non-farm, non-residential | $121,080 |
| Multifamily residential real estate | $21,092 |
| 1-4 family residential loans | $140,315 |
| Farmland loans | $884 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $40,783 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $116 |
| Credit card loans | $0 |
| Related Plans | $5 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $111 |
| All other loans & leases | $72 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $72 |
| 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 | $4,051 |
| Non 1-4 family restructured loans & leases | $3,617 |
| Total loans and leases (foreign) | $0 |
International Bank of Chicago had $444,390,000 of loans outstanding in 2019. $410,190,000 of loans were in real estate loans. $37,589,000 of loans were in development loans. $21,092,000 of loans were in multifamily mortgage loans. $140,315,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 | 192 | $73,464 | $382,625 |
| Nonfarm, nonresidential loans - <$100k | 9 | $505 | $56,111 |
| Nonfarm, nonresidential loans - $100-250k | 40 | $6,138 | $153,450 |
| Nonfarm, nonresidential loans - $250k-1MM | 143 | $66,821 | $467,280 |
| Commercial & Industrial, US addressed loans - <$1MM | 144 | $10,813 | $75,090 |
| Commercial & Industrial, US addressed loans - <$100k | 115 | $3,083 | $26,809 |
| Commercial & Industrial, US addressed loans - $100-250k | 14 | $2,000 | $142,857 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $5,730 | $382,000 |