Pike Bancorp Mortgage Rates, Fees & Info

Pittsfield, IL

LEI: 254900SRBPINTG8V7N66

Tax ID: 37-0270120

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Pike Bancorp is a smaller mortgage company specializing in Refi loans. Pike Bancorp has a high proportion of conventional loans. Their top two markets are St. Louis and Champaign .

    Pike Bancorp has an average approval rate when compared to the average across all lenders. They have an 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

    72

    Origination Dollar Volume (All Markets)

    $15,960,000

    Employee count

    55

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 24 $11,610,000 $483,750 $0 0.00%
    Outside of Metro Areas 47 $4,305,000 $91,596 $0 0.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Pike Bancorp's top markets include St. Louis and Champaign among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $15,960,000 $221,667 $0 0.00%

    For 2018, Pike Bancorp's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 30 $11,840,000 $394,667 $0 0.00%
    Home Purchase 27 $2,825,000 $104,630 $0 0.00%
    Cash Out Refi 8 $920,000 $115,000 $0 0.00%
    Home Improvement 4 $170,000 $42,500 $0 0.00%
    Other 3 $205,000 $68,333 $0 0.00%

    For 2018, Pike Bancorp's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $15,960,000 $221,667 $0 0.00%

    For 2018, Pike Bancorp's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $1,945,000 $45,233 $0 0.00%
    $100k-200k 26 $3,550,000 $136,538 $0 0.00%
    $200k-400k 2 $560,000 $280,000 $0 0.00%
    $1MM+ 1 $9,905,000 $9,905,000 $0 0.00%

    2018 saw Pike Bancorp place emphasis on $100,000 or less loans with 43 originations, totaling $1,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,265,000 $84,333 $0 0.00%
    $50k or less 15 $855,000 $57,000 $0 0.00%
    $50k-75k 11 $815,000 $74,091 $0 0.00%
    $75k-100k 11 $1,095,000 $99,545 $0 0.00%
    $150k-250k 8 $870,000 $108,750 $0 0.00%

    Pike Bancorp lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k or less, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $15,960,000 $221,667 $0 0.00%

    Pike Bancorp lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 9 $10,575,000 $1,175,000 $0 0.00%
    White 63 $5,385,000 $85,476 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.96%

    Pike Bancorp has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.44%

    Pike Bancorp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 72 $15,960,000 $221,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $10,030,000 $5,015,000
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 69 $5,885,000 $85,290

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Farmers State Bank 108 East Adams Street Pittsfield, IL 62363 Full Service B&M $139,991
    Farmers State Bank 133 North Main Street White Hall, IL 62092 Full Service B&M $22,233
    Farmers State Bank 25 East Cherry Winchester, IL 62694 Full Service B&M $22,524
    Farmers State Bank 712 West County Road Jerseyville, IL 62052 Full Service B&M $19,891
    Farmers State Bank Route 106 West Pittsfield Pittsfield, IL 62363 Full Service B&M $0
    Farmers State Bank Walnut Street And Highway 36 Hull, IL 62343 Full Service B&M $14,157

    For 2018, Pike Bancorp had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,194
    Net interest income $9,373
    Total noninterest income $1,255
    Gross Fiduciary activities income $275
    Service charges on deposit accounts $449
    Trading account gains and fees $0
    Additional Noninterest Income $531
    Pre-tax net operating income $3,725
    Securities gains (or losses, -) $-5
    Income before extraordinary items $3,671
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,671
    Minority interest net income $0
    Net income $3,671
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,675

    Pike Bancorp's gross interest income from loans was $10,194,000.
    Pike Bancorp's net interest income from loans was $9,373,000.
    Pike Bancorp's fee based income from loans was $449,000.
    Pike Bancorp's net income from loans was $3,671,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $821
    Provision for credit losses $0
    Total noninterest expense $6,903
    Salaries and employee benefits $4,147
    Premises and equipment expense $923
    Additional noninterest expense $1,833
    Applicable income taxes $49
    Net charge-offs $-52
    Cash dividends $1,263

    Pike Bancorp's interest expense for loans was $821,000.
    Pike Bancorp's payroll and benefits expense were $4,147,000.
    Pike Bancorp's property, plant and equipment expenses $923,000.

    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 3.0%
    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 $218,326
    Deposits held in domestic offices $218,326
    Deposits by Individuals, partnerships, and corporations $194,933
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,393
    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 $105,520
    Demand deposits $66,520
    Nontransaction accounts $112,806
    Money market deposit accounts (MMDAs) $21,182
    Other savings deposits (excluding MMDAs) $54,816
    Total time deposits $36,808
    Total time and savings deposits $151,806
    Noninterest-bearing deposits $66,520
    Interest-bearing deposits $151,806
    Retail deposits $209,312
    IRAs and Keogh plan accounts $8,058
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $257,126
    Cash & Balances due from depository institutions $12,352
    Interest-bearing balances $7,767
    Total securities $41,954
    Federal funds sold & reverse repurchase $3,835
    Net loans and leases $189,341
    Loan and leases loss allowance $1,755
    Trading account assets $0
    Bank premises and fixed assets $4,746
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,898

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $257,126
    Total Liabilities $224,691
    Total deposits $218,326
    Interest-bearing deposits $151,806
    Deposits held in domestic offices $218,326
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $4,000
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,365

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,341
    Loan and leases loss allowance $1,755
    Total loans and leases (domestic) $191,096
    All real estate loans $153,503
    Real estate loans in domestic offices $153,503
    Construction and development loans $1,551
    Residential 1-4 family construction $1,134
    Other construction, all land development and other land $417
    Loans secured by nonfarm nonresidential properties $26,925
    Nonfarm nonresidential secured by owner-occupied properties $19,259
    Commercial real estate & other non-farm, non-residential $7,666
    Multifamily residential real estate $183
    1-4 family residential loans $12,438
    Farmland loans $112,406
    Loans held in foreign offices $0
    Farm loans $28,650
    Commercial and industrial loans $5,094
    To non-U.S. addressees $0
    Loans to individuals $3,059
    Credit card loans $0
    Related Plans $72
    Consumer Auto Loans $2,344
    Other loans to individuals $643
    All other loans & leases $790
    Loans to foreign governments and official institutions $0
    Other loans $25
    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 $132
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Pike Bancorp had $189,341,000 of loans outstanding in 2018. $153,503,000 of loans were in real estate loans. $1,551,000 of loans were in development loans. $183,000 of loans were in multifamily mortgage loans. $12,438,000 of loans were in 1-4 family mortgage loans. $28,650,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,344,000 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 59 $6,006 $101,797
    Nonfarm, nonresidential loans - <$100k 30 $905 $30,167
    Nonfarm, nonresidential loans - $100-250k 17 $1,433 $84,294
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,668 $305,667
    Commercial & Industrial, US addressed loans - <$1MM 109 $2,868 $26,312
    Commercial & Industrial, US addressed loans - <$100k 103 $2,026 $19,670
    Commercial & Industrial, US addressed loans - $100-250k 5 $624 $124,800
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $218 $218,000
    Farmland loans - <$1MM 402 $50,690 $126,095
    Farmland loans - <$100k 187 $12,032 $64,342
    Farmland loans - $100-250k 138 $17,201 $124,645
    Farmland loans - $250k-1MM 77 $21,457 $278,662
    Agriculture operations loans - <$1MM 418 $27,159 $64,974
    Agriculture operations loans - <$100k 399 $24,591 $61,632
    Agriculture operations loans - $100-250k 12 $870 $72,500
    Agriculture operations loans - $250k-1MM 7 $1,698 $242,571