First Federal Savings Bank Of Champaign-urbana Mortgage Rates, Fees & Info

Champaign, IL

LEI: 254900KX4PZDHAK8I871

Tax ID: 37-0213051

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

    First Federal Savings Bank Of Champaign-urbana is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. First Federal Savings Bank Of Champaign-urbana has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Bloomington, and Danville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    339

    Origination Dollar Volume (All Markets)

    $57,035,000

    Employee count

    53

    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
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 328 $55,420,000 $168,963 $0 0.00%
    Outside of Metro Areas 9 $1,035,000 $115,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    DANVILLE, IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    First Federal Savings Bank Of Champaign-urbana's top markets include Champaign, Bloomington, and Danville among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 339 $57,035,000 $168,245 $0 0.00%

    For 2021, First Federal Savings Bank Of Champaign-urbana's most frequently originated type of loan was Conventional, with 339 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 133 $22,505,000 $169,211 $0 0.00%
    Refi 120 $19,500,000 $162,500 $0 0.00%
    Cash Out Refi 77 $14,145,000 $183,701 $0 0.00%
    Other 9 $885,000 $98,333 $0 0.00%

    For 2021, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Refi, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 339 $57,035,000 $168,245 $0 0.00%

    For 2021, First Federal Savings Bank Of Champaign-urbana's most frequently cited loan duration was Other, with 339 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 134 $18,930,000 $141,269 $0 0.00%
    $100,000 or less 111 $7,785,000 $70,135 $0 0.00%
    $200k-400k 81 $21,245,000 $262,284 $0 0.00%
    $400k-600k 7 $3,465,000 $495,000 $0 0.00%
    $600k-1MM 4 $2,830,000 $707,500 $0 0.00%
    $1MM+ 2 $2,780,000 $1,390,000 $0 0.00%

    2021 saw First Federal Savings Bank Of Champaign-urbana place emphasis on $100k-200k loans with 134 originations, totaling $18,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $12,180,000 $190,313 $0 0.00%
    $75k-100k 50 $7,260,000 $145,200 $0 0.00%
    $50k-75k 47 $6,285,000 $133,723 $0 0.00%
    $50k or less 47 $4,805,000 $102,234 $0 0.00%
    $150k-250k 38 $8,040,000 $211,579 $0 0.00%
    $250k+ 26 $6,950,000 $267,308 $0 0.00%

    First Federal Savings Bank Of Champaign-urbana lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $75k-100k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 339 $57,035,000 $168,245 $0 0.00%

    First Federal Savings Bank Of Champaign-urbana lent most frequently to those with DTI ratios of Exempt%, with 339 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 251 $42,525,000 $169,422 $0 0.00%
    Not applicable 60 $10,170,000 $169,500 $0 0.00%
    Black 15 $2,095,000 $139,667 $0 0.00%
    Asian 9 $1,575,000 $175,000 $0 0.00%
    American Indian 4 $670,000 $167,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.15%

    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 origination
    97.05%

    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 339 $57,035,000 $168,245

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    339 $57,035,000 $168,245

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%

    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 $163,533
    First Federal Savings Bank of Champaign Urbana 301 W. Springfield Avenue Urbana, IL 61801 Full Service B&M $26,225

    For 2021, First Federal Savings Bank Of Champaign-urbana had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,452
    Net interest income $4,382
    Total noninterest income $4,197
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $403
    Trading account gains and fees $0
    Additional Noninterest Income $3,794
    Pre-tax net operating income $833
    Securities gains (or losses, -) $0
    Income before extraordinary items $563
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $563
    Minority interest net income $0
    Net income $563
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $563

    First Federal Savings Bank Of Champaign-urbana's gross interest income from loans was $4,452,000.
    First Federal Savings Bank Of Champaign-urbana's net interest income from loans was $4,382,000.
    First Federal Savings Bank Of Champaign-urbana's fee based income from loans was $403,000.
    First Federal Savings Bank Of Champaign-urbana's net income from loans was $563,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $70
    Provision for credit losses $0
    Total noninterest expense $7,746
    Salaries and employee benefits $4,262
    Premises and equipment expense $1,463
    Additional noninterest expense $2,021
    Applicable income taxes $270
    Net charge-offs $123
    Cash dividends $0

    First Federal Savings Bank Of Champaign-urbana's interest expense for loans was $70,000.
    First Federal Savings Bank Of Champaign-urbana's payroll and benefits expense were $4,262,000.
    First Federal Savings Bank Of Champaign-urbana's property, plant and equipment expenses $1,463,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    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 $208,177
    Deposits held in domestic offices $208,177
    Deposits by Individuals, partnerships, and corporations $208,176
    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 $122,293
    Demand deposits $122,025
    Nontransaction accounts $85,883
    Money market deposit accounts (MMDAs) $26,957
    Other savings deposits (excluding MMDAs) $45,922
    Total time deposits $13,005
    Total time and savings deposits $86,151
    Noninterest-bearing deposits $50,545
    Interest-bearing deposits $157,632
    Retail deposits $206,597
    IRAs and Keogh plan accounts $3,615
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $229,944
    Cash & Balances due from depository institutions $124,552
    Interest-bearing balances $120,265
    Total securities $10,036
    Federal funds sold & reverse repurchase $0
    Net loans and leases $87,565
    Loan and leases loss allowance $867
    Trading account assets $0
    Bank premises and fixed assets $4,041
    Other real estate owned $689
    Goodwill and other intangibles $1,392
    All other assets $1,669

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $229,944
    Total Liabilities $211,741
    Total deposits $208,177
    Interest-bearing deposits $157,632
    Deposits held in domestic offices $208,177
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,564

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $87,565
    Loan and leases loss allowance $867
    Total loans and leases (domestic) $88,432
    All real estate loans $79,606
    Real estate loans in domestic offices $79,606
    Construction and development loans $3,050
    Residential 1-4 family construction $934
    Other construction, all land development and other land $2,116
    Loans secured by nonfarm nonresidential properties $15,556
    Nonfarm nonresidential secured by owner-occupied properties $9,420
    Commercial real estate & other non-farm, non-residential $6,136
    Multifamily residential real estate $11,308
    1-4 family residential loans $48,034
    Farmland loans $1,658
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,073
    To non-U.S. addressees $0
    Loans to individuals $1,753
    Credit card loans $0
    Related Plans $91
    Consumer Auto Loans $473
    Other loans to individuals $1,189
    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 $42
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Federal Savings Bank of Champaign-Urbana had $87,565,000 of loans outstanding in 2021. $79,606,000 of loans were in real estate loans. $3,050,000 of loans were in development loans. $11,308,000 of loans were in multifamily mortgage loans. $48,034,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $473,000 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 $10,770 $291,081
    Nonfarm, nonresidential loans - <$100k 4 $265 $66,250
    Nonfarm, nonresidential loans - $100-250k 16 $2,465 $154,063
    Nonfarm, nonresidential loans - $250k-1MM 17 $8,040 $472,941
    Commercial & Industrial, US addressed loans - <$1MM 66 $4,242 $64,273
    Commercial & Industrial, US addressed loans - <$100k 45 $1,204 $26,756
    Commercial & Industrial, US addressed loans - $100-250k 14 $1,094 $78,143
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,944 $277,714
    Farmland loans - <$1MM 2 $593 $296,500
    Farmland loans - $250k-1MM 2 $593 $296,500