Community State Bank Mortgage Rates, Fees & Info

GALVA, IL

LEI: 254900MHEKUVX1BTCD10

Tax ID: 36-3089214

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Mortgage Data

Review & Overview

Community State Bank is a smaller bank specializing in Home Purchase and Refi loans. Community State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Daphne, Jacksonville, Ottawa, and Peoria among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community State Bank 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

36

Origination Dollar Volume (All Markets)

$2,500,000

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
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 20 $1,260,000 $63,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
Jacksonville, IL (FHA|USDA|VA) 7 $375,000 $53,571 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 3 $125,000 $41,667 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Galesburg, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Community State Bank's top markets include Davenport, Daphne, Jacksonville, Ottawa, and Peoria among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $2,500,000 $69,444 $0 0.00%

    For 2019, Community State Bank's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $1,435,000 $84,412 $0 0.00%
    Refi 12 $770,000 $64,167 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%
    Other 3 $75,000 $25,000 $0 0.00%

    For 2019, Community State Bank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $2,500,000 $69,444 $0 0.00%

    For 2019, Community State Bank's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,400,000 $46,667 $0 0.00%
    $100k-200k 4 $540,000 $135,000 $0 0.00%
    $200k-400k 2 $560,000 $280,000 $0 0.00%

    2019 saw Community State Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $585,000 $45,000 $0 0.00%
    $50k-75k 8 $460,000 $57,500 $0 0.00%
    $75k-100k 6 $310,000 $51,667 $0 0.00%
    $150k-250k 3 $265,000 $88,333 $0 0.00%
    $100k-150k 2 $220,000 $110,000 $0 0.00%
    $250k+ 2 $560,000 $280,000 $0 0.00%

    Community State Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $2,500,000 $69,444 $0 0.00%

    Community State Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $2,445,000 $69,857 $0 0.00%
    Not applicable 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.91%

    Community State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Community State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $2,500,000 $69,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $45,000 $45,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 34 $2,400,000 $70,588

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%