First Federal Savings Bank Of Champaign-urbana Mortgage Rates, Fees & Info
Champaign, ILLEI: 254900KX4PZDHAK8I871
Tax ID: 37-0213051
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Mortgage Data
Bank Data
Review & Overview
First Federal Savings Bank Of Champaign-urbana is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. First Federal Savings Bank Of Champaign-urbana has a high proportion of conventional loans. Their top two markets are Champaign and Pontiac .First Federal Savings Bank Of Champaign-urbana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
426Origination Dollar Volume (All Markets)
$73,330,000Employee count
57Top 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 |
|---|---|---|---|---|---|
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 419 | $72,455,000 | $172,924 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $810,000 | $135,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 426 | $73,330,000 | $172,136 | $0 | 0.00% |
For 2020, First Federal Savings Bank Of Champaign-urbana's most frequently originated type of loan was Conventional, with 426 originations.
Loan Reason
For 2020, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan purpose was Refi, with 220 originations. The 2nd most popular reason was Home Purchase, with 113 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 426 | $73,330,000 | $172,136 | $0 | 0.00% |
For 2020, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan duration was Other, with 426 originations.
Loan Sizing
2020 saw First Federal Savings Bank Of Champaign-urbana place emphasis on $100k-200k loans with 178 originations, totaling $25,050,000 in origination value.
Applicant Income
First Federal Savings Bank Of Champaign-urbana lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $50k-75k, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 426 | $73,330,000 | $172,136 | $0 | 0.00% |
First Federal Savings Bank Of Champaign-urbana lent most frequently to those with DTI ratios of Exempt%, with 426 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.09%
First Federal Savings Bank Of Champaign-urbana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.42%
First Federal Savings Bank Of Champaign-urbana has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 426 | $73,330,000 | $172,136 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 9 | $4,795,000 | $532,778 |
| Single Family (1-4 Units):Site-Built | 417 | $68,535,000 | $164,353 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Struggling to pay mortgage | 1 | 14.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 2 | 28.6% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Trouble during payment process | 1 | 14.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Federal Savings Bank of Champaign Urbana | 1311 S. Neil St. Champaign, IL 61820 | Full Service B&M | $151,354 |
| First Federal Savings Bank of Champaign Urbana | 301 W. Springfield Avenue Urbana, IL 61801 | Full Service B&M | $21,066 |
For 2020, First Federal Savings Bank Of Champaign-urbana had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,931 |
| Net interest income | $4,862 |
| Total noninterest income | $4,328 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $407 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,921 |
| Pre-tax net operating income | $1,998 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,399 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,399 |
| Minority interest net income | $0 |
| Net income | $1,399 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,399 |
First Federal Savings Bank Of Champaign-urbana's gross interest income from loans was $4,931,000.
First Federal Savings Bank Of Champaign-urbana's net interest income from loans was $4,862,000.
First Federal Savings Bank Of Champaign-urbana's fee based income from loans was $407,000.
First Federal Savings Bank Of Champaign-urbana's net income from loans was $1,399,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $69 |
| Provision for credit losses | $50 |
| Total noninterest expense | $7,142 |
| Salaries and employee benefits | $4,306 |
| Premises and equipment expense | $1,430 |
| Additional noninterest expense | $1,406 |
| Applicable income taxes | $599 |
| Net charge-offs | $4 |
| Cash dividends | $1,000 |
First Federal Savings Bank Of Champaign-urbana's interest expense for loans was $69,000.
First Federal Savings Bank Of Champaign-urbana's payroll and benefits expense were $4,306,000.
First Federal Savings Bank Of Champaign-urbana's property, plant and equipment expenses $1,430,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 2.0% |
| 1-4 family residential loans | 5.0% |
| HELOC loans | 0.0% |
| All other family | 5.0% |
| 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 | $178,221 |
| Deposits held in domestic offices | $178,221 |
| Deposits by Individuals, partnerships, and corporations | $178,221 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $96,954 |
| Demand deposits | $96,768 |
| Nontransaction accounts | $81,267 |
| Money market deposit accounts (MMDAs) | $29,359 |
| Other savings deposits (excluding MMDAs) | $39,433 |
| Total time deposits | $12,474 |
| Total time and savings deposits | $81,453 |
| Noninterest-bearing deposits | $42,031 |
| Interest-bearing deposits | $136,190 |
| Retail deposits | $177,334 |
| IRAs and Keogh plan accounts | $3,713 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $203,521 |
| Cash & Balances due from depository institutions | $103,066 |
| Interest-bearing balances | $97,570 |
| Total securities | $79 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $92,042 |
| Loan and leases loss allowance | $990 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,131 |
| Other real estate owned | $752 |
| Goodwill and other intangibles | $1,370 |
| All other assets | $2,081 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $203,521 |
| Total Liabilities | $185,914 |
| Total deposits | $178,221 |
| Interest-bearing deposits | $136,190 |
| Deposits held in domestic offices | $178,221 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,000 |
| Subordinated debt | $0 |
| All other liabilities | $3,693 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $92,042 |
| Loan and leases loss allowance | $990 |
| Total loans and leases (domestic) | $93,032 |
| All real estate loans | $76,642 |
| Real estate loans in domestic offices | $76,642 |
| Construction and development loans | $2,369 |
| Residential 1-4 family construction | $1,003 |
| Other construction, all land development and other land | $1,366 |
| Loans secured by nonfarm nonresidential properties | $17,593 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,210 |
| Commercial real estate & other non-farm, non-residential | $7,383 |
| Multifamily residential real estate | $13,256 |
| 1-4 family residential loans | $41,654 |
| Farmland loans | $1,770 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $14,665 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,725 |
| Credit card loans | $0 |
| Related Plans | $131 |
| Consumer Auto Loans | $307 |
| Other loans to individuals | $1,287 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $102 |
| Non 1-4 family restructured loans & leases | $58 |
| Total loans and leases (foreign) | $0 |
First Federal Savings Bank of Champaign-Urbana had $92,042,000 of loans outstanding in 2020. $76,642,000 of loans were in real estate loans. $2,369,000 of loans were in development loans. $13,256,000 of loans were in multifamily mortgage loans. $41,654,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $307,000 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 | 37 | $10,639 | $287,541 |
| Nonfarm, nonresidential loans - <$100k | 5 | $221 | $44,200 |
| Nonfarm, nonresidential loans - $100-250k | 13 | $1,802 | $138,615 |
| Nonfarm, nonresidential loans - $250k-1MM | 19 | $8,616 | $453,474 |
| Commercial & Industrial, US addressed loans - <$1MM | 156 | $7,014 | $44,962 |
| Commercial & Industrial, US addressed loans - <$100k | 129 | $2,899 | $22,473 |
| Commercial & Industrial, US addressed loans - $100-250k | 20 | $2,001 | $100,050 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 7 | $2,114 | $302,000 |
| Farmland loans - <$1MM | 3 | $669 | $223,000 |
| Farmland loans - $250k-1MM | 3 | $669 | $223,000 |