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 markets by origination volume include: Chicago, St. Louis, and Jacksonville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    70

    Origination Dollar Volume (All Markets)

    $21,160,000

    Employee count

    50

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $14,305,000 $14,305,000 $0 0.00%
    Outside of Metro Areas 48 $4,860,000 $101,250 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 20 $1,970,000 $98,500 $0 0.00%
    Jacksonville, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Pike Bancorp's top markets include Chicago, St. Louis, and Jacksonville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $21,160,000 $302,286 $0 0.00%

    For 2019, Pike Bancorp's most frequently originated type of loan was Conventional, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $3,895,000 $125,645 $0 0.00%
    Refi 23 $15,765,000 $685,435 $0 0.00%
    Cash Out Refi 11 $1,315,000 $119,545 $0 0.00%
    Other 4 $120,000 $30,000 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%

    For 2019, Pike Bancorp's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $21,160,000 $302,286 $0 0.00%

    For 2019, Pike Bancorp's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,200,000 $50,000 $0 0.00%
    $100k-200k 15 $2,145,000 $143,000 $0 0.00%
    $200k-400k 10 $2,510,000 $251,000 $0 0.00%
    $1MM+ 1 $14,305,000 $14,305,000 $0 0.00%

    2019 saw Pike Bancorp place emphasis on $100,000 or less loans with 44 originations, totaling $2,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $2,325,000 $136,765 $0 0.00%
    $75k-100k 16 $1,580,000 $98,750 $0 0.00%
    $50k-75k 15 $935,000 $62,333 $0 0.00%
    $50k or less 10 $430,000 $43,000 $0 0.00%
    $150k-250k 8 $1,360,000 $170,000 $0 0.00%
    $250k+ 2 $140,000 $70,000 $0 0.00%

    Pike Bancorp lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $21,160,000 $302,286 $0 0.00%

    Pike Bancorp lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 2 $14,390,000 $7,195,000 $0 0.00%
    White 67 $6,585,000 $98,284 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.66%

    Pike Bancorp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.29%

    Pike Bancorp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $21,160,000 $302,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $14,390,000 $7,195,000
    Single Family (1-4 Units):Manufactured 4 $90,000 $22,500
    Single Family (1-4 Units):Site-Built 64 $6,680,000 $104,375

    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 $137,047
    Farmers State Bank 133 North Main Street White Hall, IL 62092 Full Service B&M $21,810
    Farmers State Bank 25 East Cherry Winchester, IL 62694 Full Service B&M $23,020
    Farmers State Bank 712 West County Road Jerseyville, IL 62052 Full Service B&M $18,419
    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 $12,280

    For 2019, Pike Bancorp had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,513
    Net interest income $9,256
    Total noninterest income $1,463
    Gross Fiduciary activities income $357
    Service charges on deposit accounts $420
    Trading account gains and fees $0
    Additional Noninterest Income $686
    Pre-tax net operating income $3,735
    Securities gains (or losses, -) $126
    Income before extraordinary items $3,807
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,807
    Minority interest net income $0
    Net income $3,807
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,682

    Pike Bancorp's gross interest income from loans was $10,513,000.
    Pike Bancorp's net interest income from loans was $9,256,000.
    Pike Bancorp's fee based income from loans was $420,000.
    Pike Bancorp's net income from loans was $3,807,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,257
    Provision for credit losses $0
    Total noninterest expense $6,984
    Salaries and employee benefits $4,094
    Premises and equipment expense $954
    Additional noninterest expense $1,936
    Applicable income taxes $54
    Net charge-offs $27
    Cash dividends $1,612

    Pike Bancorp's interest expense for loans was $1,257,000.
    Pike Bancorp's payroll and benefits expense were $4,094,000.
    Pike Bancorp's property, plant and equipment expenses $954,000.

    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 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $219,999
    Deposits held in domestic offices $219,999
    Deposits by Individuals, partnerships, and corporations $194,235
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,764
    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 $106,383
    Demand deposits $68,349
    Nontransaction accounts $113,616
    Money market deposit accounts (MMDAs) $19,624
    Other savings deposits (excluding MMDAs) $51,192
    Total time deposits $42,801
    Total time and savings deposits $151,650
    Noninterest-bearing deposits $68,349
    Interest-bearing deposits $151,650
    Retail deposits $207,623
    IRAs and Keogh plan accounts $7,235
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $260,769
    Cash & Balances due from depository institutions $13,192
    Interest-bearing balances $8,962
    Total securities $38,582
    Federal funds sold & reverse repurchase $8,489
    Net loans and leases $190,736
    Loan and leases loss allowance $1,728
    Trading account assets $0
    Bank premises and fixed assets $4,532
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,238

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $260,769
    Total Liabilities $225,239
    Total deposits $219,999
    Interest-bearing deposits $151,650
    Deposits held in domestic offices $219,999
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $3,000
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,240

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $190,736
    Loan and leases loss allowance $1,728
    Total loans and leases (domestic) $192,464
    All real estate loans $155,144
    Real estate loans in domestic offices $155,144
    Construction and development loans $1,007
    Residential 1-4 family construction $415
    Other construction, all land development and other land $592
    Loans secured by nonfarm nonresidential properties $34,428
    Nonfarm nonresidential secured by owner-occupied properties $18,998
    Commercial real estate & other non-farm, non-residential $15,430
    Multifamily residential real estate $5,142
    1-4 family residential loans $11,687
    Farmland loans $102,880
    Loans held in foreign offices $0
    Farm loans $28,941
    Commercial and industrial loans $4,642
    To non-U.S. addressees $0
    Loans to individuals $2,786
    Credit card loans $0
    Related Plans $60
    Consumer Auto Loans $2,155
    Other loans to individuals $571
    All other loans & leases $951
    Loans to foreign governments and official institutions $0
    Other loans $110
    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

    Pike Bancorp had $190,736,000 of loans outstanding in 2019. $155,144,000 of loans were in real estate loans. $1,007,000 of loans were in development loans. $5,142,000 of loans were in multifamily mortgage loans. $11,687,000 of loans were in 1-4 family mortgage loans. $28,941,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,155,000 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 63 $6,833 $108,460
    Nonfarm, nonresidential loans - <$100k 32 $823 $25,719
    Nonfarm, nonresidential loans - $100-250k 18 $1,692 $94,000
    Nonfarm, nonresidential loans - $250k-1MM 13 $4,318 $332,154
    Commercial & Industrial, US addressed loans - <$1MM 125 $3,393 $27,144
    Commercial & Industrial, US addressed loans - <$100k 118 $2,574 $21,814
    Commercial & Industrial, US addressed loans - $100-250k 6 $614 $102,333
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $205 $205,000
    Farmland loans - <$1MM 392 $47,111 $120,181
    Farmland loans - <$100k 179 $10,948 $61,162
    Farmland loans - $100-250k 143 $16,514 $115,483
    Farmland loans - $250k-1MM 70 $19,649 $280,700
    Agriculture operations loans - <$1MM 411 $27,665 $67,311
    Agriculture operations loans - <$100k 393 $25,452 $64,763
    Agriculture operations loans - $100-250k 13 $1,313 $101,000
    Agriculture operations loans - $250k-1MM 5 $900 $180,000