International Bank Of Chicago Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900KI0CM65KPBM547

Tax ID: 36-3842292

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 loans. International Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Poughkeepsie, Dallas, and Seattle among others. We have data for 10 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

    287

    Origination Dollar Volume (All Markets)

    $96,955,000

    Employee count

    116

    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) 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.

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

    • Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, International Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was 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 2021, International Bank Of Chicago's most frequently cited loan duration was 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 or Islander 1 $325,000 $325,000 $0 0.00%
    Vietnamese 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.31%

    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
    82.23%

    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