First State Bank Mortgage Rates, Fees & Info
Monticello, ILLEI: 254900N4XMPM37K77D58
Tax ID: 37-0612480
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Bloomington, Charleston, Danville, and Decatur among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First 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
175Origination Dollar Volume (All Markets)
$35,335,000Top 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) | 77 | $16,835,000 | $218,636 | $0 | 0.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 38 | $9,040,000 | $237,895 | $0 | 0.00% |
| Outside of Metro Areas | 45 | $6,755,000 | $150,111 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 5 | $475,000 | $95,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 32
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 175 | $35,335,000 | $201,914 | $0 | 0.00% |
For 2024, First State Bank's most frequently originated type of loan was Conventional, with 175 originations.
Loan Reason
For 2024, First State Bank's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 175 | $35,335,000 | $201,914 | $0 | 0.00% |
For 2024, First State Bank's most frequently cited loan duration was Other, with 175 originations.
Loan Sizing
2024 saw First State Bank place emphasis on $100k-200k loans with 72 originations, totaling $10,420,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $150k-250k range, with 35 originations. The second most popular income band? $100k-150k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 175 | $35,335,000 | $201,914 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.76%
First State Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.29%
First State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 175 | $35,335,000 | $201,914 |