Itasca Bank & Trust Co. Mortgage Rates, Fees & Info
Itasca, ILLEI: 254900UISKR0QR32CI62
Tax ID: 36-2104540
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Itasca Bank & Trust Co. is a smaller bank specializing in Home Purchase and Refi loans. Itasca Bank & Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Panama City, and Naples among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Itasca Bank & Trust Co. has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
68Origination Dollar Volume (All Markets)
$25,850,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 66 | $25,510,000 | $386,515 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $25,850,000 | $380,147 | $0 | 0.00% |
For 2018, Itasca Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2018, Itasca Bank & Trust Co.'s most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $25,850,000 | $380,147 | $0 | 0.00% |
For 2018, Itasca Bank & Trust Co.'s most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2018 saw Itasca Bank & Trust Co. place emphasis on $200k-400k loans with 26 originations, totaling $7,530,000 in origination value.
Applicant Income
Itasca Bank & Trust Co. lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $25,850,000 | $380,147 | $0 | 0.00% |
Itasca Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.68%
Itasca Bank & Trust Co. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.18%
Itasca Bank & Trust Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $25,850,000 | $380,147 |