Pike Bancorp Mortgage Rates, Fees & Info

Pittsfield, IL

LEI: 254900SRBPINTG8V7N66

Tax ID: 37-0270120

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Pike Bancorp is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Pike Bancorp has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Springfield, and Bloomington 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 above average approval rate when compared to the average across all lenders. They have a below 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    136

    Origination Dollar Volume (All Markets)

    $14,980,000

    Employee count

    49

    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
    Outside of Metro Areas 98 $10,170,000 $103,776 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 36 $4,510,000 $125,278 $0 0.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Pike Bancorp's top markets include St. Louis, Springfield, and Bloomington 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 136 $14,980,000 $110,147 $0 0.00%

    For 2020, Pike Bancorp's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 71 $7,205,000 $101,479 $0 0.00%
    Home Purchase 34 $4,210,000 $123,824 $0 0.00%
    Cash Out Refi 28 $3,400,000 $121,429 $0 0.00%
    Other 3 $165,000 $55,000 $0 0.00%

    For 2020, Pike Bancorp's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Purchase, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $14,980,000 $110,147 $0 0.00%

    For 2020, Pike Bancorp's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,020,000 $55,833 $0 0.00%
    $100k-200k 44 $6,200,000 $140,909 $0 0.00%
    $200k-400k 20 $4,760,000 $238,000 $0 0.00%

    2020 saw Pike Bancorp place emphasis on $100,000 or less loans with 72 originations, totaling $4,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $4,655,000 $119,359 $0 0.00%
    $50k-75k 27 $2,325,000 $86,111 $0 0.00%
    $50k or less 20 $1,730,000 $86,500 $0 0.00%
    $75k-100k 16 $1,400,000 $87,500 $0 0.00%
    $150k-250k 14 $2,540,000 $181,429 $0 0.00%
    $250k+ 3 $275,000 $91,667 $0 0.00%

    Pike Bancorp lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k-75k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $14,980,000 $110,147 $0 0.00%

    Pike Bancorp lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $13,590,000 $111,393 $0 0.00%
    Not provided 7 $775,000 $110,714 $0 0.00%
    Not applicable 7 $615,000 $87,857 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.49%

    Pike Bancorp has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.71%

    Pike Bancorp has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $14,980,000 $110,147

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 135 $14,935,000 $110,630

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PACE Funding Group, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $157,793
    Farmers State Bank 133 North Main Street White Hall, IL 62092 Full Service B&M $25,469
    Farmers State Bank 25 East Cherry Winchester, IL 62694 Full Service B&M $24,614
    Farmers State Bank 712 West County Road Jerseyville, IL 62052 Full Service B&M $19,529
    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 $13,781

    For 2020, Pike Bancorp had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,598
    Net interest income $9,536
    Total noninterest income $1,517
    Gross Fiduciary activities income $400
    Service charges on deposit accounts $365
    Trading account gains and fees $0
    Additional Noninterest Income $752
    Pre-tax net operating income $3,797
    Securities gains (or losses, -) $271
    Income before extraordinary items $4,008
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,008
    Minority interest net income $0
    Net income $4,008
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,739

    Pike Bancorp's gross interest income from loans was $10,598,000.
    Pike Bancorp's net interest income from loans was $9,536,000.
    Pike Bancorp's fee based income from loans was $365,000.
    Pike Bancorp's net income from loans was $4,008,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,062
    Provision for credit losses $250
    Total noninterest expense $7,006
    Salaries and employee benefits $4,260
    Premises and equipment expense $901
    Additional noninterest expense $1,845
    Applicable income taxes $60
    Net charge-offs $45
    Cash dividends $1,425

    Pike Bancorp's interest expense for loans was $1,062,000.
    Pike Bancorp's payroll and benefits expense were $4,260,000.
    Pike Bancorp's property, plant and equipment expenses $901,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $248,330
    Deposits held in domestic offices $248,330
    Deposits by Individuals, partnerships, and corporations $219,061
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,269
    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 $113,741
    Demand deposits $70,984
    Nontransaction accounts $134,589
    Money market deposit accounts (MMDAs) $38,375
    Other savings deposits (excluding MMDAs) $58,951
    Total time deposits $37,264
    Total time and savings deposits $177,346
    Noninterest-bearing deposits $70,984
    Interest-bearing deposits $177,346
    Retail deposits $240,056
    IRAs and Keogh plan accounts $6,986
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $293,209
    Cash & Balances due from depository institutions $7,036
    Interest-bearing balances $2,197
    Total securities $44,996
    Federal funds sold & reverse repurchase $32,807
    Net loans and leases $198,894
    Loan and leases loss allowance $1,933
    Trading account assets $0
    Bank premises and fixed assets $4,483
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,993

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $293,209
    Total Liabilities $254,542
    Total deposits $248,330
    Interest-bearing deposits $177,346
    Deposits held in domestic offices $248,330
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $2,212

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,894
    Loan and leases loss allowance $1,933
    Total loans and leases (domestic) $200,827
    All real estate loans $153,923
    Real estate loans in domestic offices $153,923
    Construction and development loans $2,933
    Residential 1-4 family construction $532
    Other construction, all land development and other land $2,401
    Loans secured by nonfarm nonresidential properties $35,304
    Nonfarm nonresidential secured by owner-occupied properties $19,540
    Commercial real estate & other non-farm, non-residential $15,764
    Multifamily residential real estate $151
    1-4 family residential loans $10,510
    Farmland loans $105,025
    Loans held in foreign offices $0
    Farm loans $31,415
    Commercial and industrial loans $12,263
    To non-U.S. addressees $0
    Loans to individuals $2,726
    Credit card loans $0
    Related Plans $43
    Consumer Auto Loans $2,112
    Other loans to individuals $571
    All other loans & leases $500
    Loans to foreign governments and official institutions $0
    Other loans $48
    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 $40
    Non 1-4 family restructured loans & leases $4
    Total loans and leases (foreign) $0

    Pike Bancorp had $198,894,000 of loans outstanding in 2020. $153,923,000 of loans were in real estate loans. $2,933,000 of loans were in development loans. $151,000 of loans were in multifamily mortgage loans. $10,510,000 of loans were in 1-4 family mortgage loans. $31,415,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,112,000 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 61 $6,636 $108,787
    Nonfarm, nonresidential loans - <$100k 33 $743 $22,515
    Nonfarm, nonresidential loans - $100-250k 15 $1,313 $87,533
    Nonfarm, nonresidential loans - $250k-1MM 13 $4,580 $352,308
    Commercial & Industrial, US addressed loans - <$1MM 187 $5,825 $31,150
    Commercial & Industrial, US addressed loans - <$100k 174 $3,814 $21,920
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,321 $120,091
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $690 $345,000
    Farmland loans - <$1MM 395 $47,811 $121,041
    Farmland loans - <$100k 172 $9,549 $55,517
    Farmland loans - $100-250k 137 $15,727 $114,796
    Farmland loans - $250k-1MM 86 $22,535 $262,035
    Agriculture operations loans - <$1MM 436 $29,355 $67,328
    Agriculture operations loans - <$100k 408 $25,504 $62,510
    Agriculture operations loans - $100-250k 24 $2,870 $119,583
    Agriculture operations loans - $250k-1MM 4 $981 $245,250