International Bank Of Chicago Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900KI0CM65KPBM547

Tax ID: 36-3842292

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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

    International Bank Of Chicago is a smaller bank specializing in Home Purchase and Cash Out Refi loans. International Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Milwaukee, San Francisco, and Poughkeepsie 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.

    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

    169

    Origination Dollar Volume (All Markets)

    $60,785,000

    Employee count

    124

    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) 147 $50,285,000 $342,075 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 8 $6,050,000 $756,250 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 0.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $575,000 $191,667 $0 0.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    International Bank Of Chicago's top markets include Chicago, New York, Milwaukee, San Francisco, and Poughkeepsie among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $60,785,000 $359,675 $0 0.00%

    For 2020, International Bank Of Chicago's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 112 $34,100,000 $304,464 $0 0.00%
    Cash Out Refi 36 $21,290,000 $591,389 $0 0.00%
    Refi 20 $4,940,000 $247,000 $0 0.00%
    Other 1 $455,000 $455,000 $0 0.00%

    For 2020, International Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 112 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $60,785,000 $359,675 $0 0.00%

    For 2020, International Bank Of Chicago's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 64 $16,860,000 $263,438 $0 0.00%
    $100k-200k 52 $7,920,000 $152,308 $0 0.00%
    $400k-600k 18 $8,760,000 $486,667 $0 0.00%
    $600k-1MM 16 $11,930,000 $745,625 $0 0.00%
    $100,000 or less 14 $1,020,000 $72,857 $0 0.00%
    $1MM+ 5 $14,295,000 $2,859,000 $0 0.00%

    2020 saw International Bank Of Chicago place emphasis on $200k-400k loans with 64 originations, totaling $16,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $7,765,000 $250,484 $0 0.00%
    $50k-75k 29 $5,795,000 $199,828 $0 0.00%
    $75k-100k 23 $5,365,000 $233,261 $0 0.00%
    $50k or less 19 $2,795,000 $147,105 $0 0.00%
    $250k+ 6 $1,460,000 $243,333 $0 0.00%
    $150k-250k 3 $1,965,000 $655,000 $0 0.00%

    International Bank Of Chicago lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $60,785,000 $359,675 $0 0.00%

    International Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 58 $35,640,000 $614,483 $0 0.00%
    Chinese 52 $11,800,000 $226,923 $0 0.00%
    Asian 25 $7,335,000 $293,400 $0 0.00%
    Vietnamese 20 $3,310,000 $165,500 $0 0.00%
    White 12 $1,600,000 $133,333 $0 0.00%
    Asian Indian 1 $995,000 $995,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.18%

    International Bank Of Chicago has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.70%

    International Bank Of Chicago has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $60,785,000 $359,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $22,405,000 $829,815
    Single Family (1-4 Units):Site-Built 142 $38,380,000 $270,282

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    INTERCONTINENTAL CAPITAL GROUP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    INTERCONTINENTAL CAPITAL GROUP Conventional home mortgage Closing on a mortgage 2 13.3%
    INTERCONTINENTAL CAPITAL GROUP Conventional home mortgage Struggling to pay mortgage 1 6.7%
    INTERCONTINENTAL CAPITAL GROUP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 13.3%
    INTERCONTINENTAL CAPITAL GROUP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    INTERCONTINENTAL CAPITAL GROUP VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    INTERCONTINENTAL CAPITAL GROUP VA mortgage Closing on a mortgage 2 13.3%
    INTERCONTINENTAL CAPITAL GROUP VA mortgage Trouble during payment process 2 13.3%

    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 $85,982
    International Bank of Chicago 1860 North Mannheim Road Stone Park, IL 60165 Full Service B&M $93,852
    International Bank of Chicago 2 West Main Street Port Jervis, NY 12771 Full Service B&M $17,502
    International Bank of Chicago 217 West Cermak Road Chicago, IL 60616 Full Service B&M $51,001
    International Bank of Chicago 5069 North Broadway Chicago, IL 60640 Full Service B&M $290,445
    International Bank of Chicago 9380 West Ballard Road Des Plaines, IL 60016 Full Service B&M $81,583

    For 2020, International Bank Of Chicago had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,754
    Net interest income $20,942
    Total noninterest income $2,755
    Gross Fiduciary activities income $46
    Service charges on deposit accounts $2,240
    Trading account gains and fees $0
    Additional Noninterest Income $469
    Pre-tax net operating income $3,936
    Securities gains (or losses, -) $792
    Income before extraordinary items $4,652
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,652
    Minority interest net income $0
    Net income $4,652
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,875

    International Bank Of Chicago's gross interest income from loans was $28,754,000.
    International Bank Of Chicago's net interest income from loans was $20,942,000.
    International Bank Of Chicago's fee based income from loans was $2,240,000.
    International Bank Of Chicago's net income from loans was $4,652,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,812
    Provision for credit losses $3,125
    Total noninterest expense $16,636
    Salaries and employee benefits $8,680
    Premises and equipment expense $1,687
    Additional noninterest expense $6,269
    Applicable income taxes $76
    Net charge-offs $-249
    Cash dividends $0

    International Bank Of Chicago's interest expense for loans was $7,812,000.
    International Bank Of Chicago's payroll and benefits expense were $8,680,000.
    International Bank Of Chicago's property, plant and equipment expenses $1,687,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 42.0%
    Nonfarm, nonresidential loans 3.0%
    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 $693,416
    Deposits held in domestic offices $693,416
    Deposits by Individuals, partnerships, and corporations $544,222
    Deposits by U.S. Government $2,000
    Deposits by States and political subdivisions in the U.S. $2,919
    Deposits by Commercial banks and other depository institutions in U.S. $81,354
    Deposits by Banks in foreign countries $62,921
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $51,814
    Demand deposits $31,140
    Nontransaction accounts $641,602
    Money market deposit accounts (MMDAs) $124,406
    Other savings deposits (excluding MMDAs) $185,182
    Total time deposits $332,014
    Total time and savings deposits $662,276
    Noninterest-bearing deposits $118,106
    Interest-bearing deposits $575,310
    Retail deposits $556,062
    IRAs and Keogh plan accounts $18,543
    Brokered deposits $122,954
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $796,525
    Cash & Balances due from depository institutions $56,135
    Interest-bearing balances $51,841
    Total securities $166,292
    Federal funds sold & reverse repurchase $0
    Net loans and leases $557,240
    Loan and leases loss allowance $10,146
    Trading account assets $0
    Bank premises and fixed assets $8,489
    Other real estate owned $1,399
    Goodwill and other intangibles $28
    All other assets $6,942

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $796,525
    Total Liabilities $710,445
    Total deposits $693,416
    Interest-bearing deposits $575,310
    Deposits held in domestic offices $693,416
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,000
    Subordinated debt $0
    All other liabilities $3,029

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $557,240
    Loan and leases loss allowance $10,146
    Total loans and leases (domestic) $567,386
    All real estate loans $494,787
    Real estate loans in domestic offices $494,787
    Construction and development loans $29,521
    Residential 1-4 family construction $2,878
    Other construction, all land development and other land $26,643
    Loans secured by nonfarm nonresidential properties $286,564
    Nonfarm nonresidential secured by owner-occupied properties $100,120
    Commercial real estate & other non-farm, non-residential $186,444
    Multifamily residential real estate $25,225
    1-4 family residential loans $152,615
    Farmland loans $862
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $72,419
    To non-U.S. addressees $0
    Loans to individuals $106
    Credit card loans $0
    Related Plans $15
    Consumer Auto Loans $0
    Other loans to individuals $91
    All other loans & leases $74
    Loans to foreign governments and official institutions $0
    Other loans $74
    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 $3,932
    Non 1-4 family restructured loans & leases $3,512
    Total loans and leases (foreign) $0

    International Bank of Chicago had $557,240,000 of loans outstanding in 2020. $494,787,000 of loans were in real estate loans. $29,521,000 of loans were in development loans. $25,225,000 of loans were in multifamily mortgage loans. $152,615,000 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 215 $86,010 $400,047
    Nonfarm, nonresidential loans - <$100k 8 $479 $59,875
    Nonfarm, nonresidential loans - $100-250k 43 $6,460 $150,233
    Nonfarm, nonresidential loans - $250k-1MM 164 $79,071 $482,140
    Commercial & Industrial, US addressed loans - <$1MM 977 $41,977 $42,965
    Commercial & Industrial, US addressed loans - <$100k 876 $20,857 $23,809
    Commercial & Industrial, US addressed loans - $100-250k 75 $10,101 $134,680
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $11,019 $423,808