Petefish Skiles & Co. Mortgage Rates, Fees & Info

Virginia, IL

LEI: 549300032FNX4IOT2T93

Tax ID: 37-0461490

5 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Petefish Skiles & Co. is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Petefish Skiles & Co. has a high proportion of conventional loans. Their top markets include Effingham, Jacksonville, Springfield, Charleston, and St. Louis among others. Petefish Skiles & Co. has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Petefish Skiles & Co. is typically a low fee lendor.


Originations

822

Origination Dollar Volume (All Markets)

$116,940,000

Employee count

56 Show all (12) awards

Relative Rate

Petefish Skiles & Co.'s average 30 year fixed rate mortgage of loans were 3.09%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.06%.

Relative Fees

Petefish Skiles & Co.'s average total fees for a 30 year fixed rate mortgage are $2,721.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 372 $45,000,000 $120,968 $2,230 3.15%
Effingham, IL (FHA|USDA|VA) 96 $18,960,000 $197,500 $3,147 2.86%
Jacksonville, IL (FHA|USDA|VA) 97 $12,115,000 $124,897 $1,936 3.26%
SPRINGFIELD, IL (FHA|USDA|VA) 78 $11,950,000 $153,205 $2,330 3.20%
Charleston-Mattoon, IL (FHA|USDA|VA) 27 $4,475,000 $165,741 $2,744 2.83%
ST. LOUIS, MO-IL (FHA|USDA|VA) 30 $4,310,000 $143,667 $2,315 3.09%
PEORIA, IL (FHA|USDA|VA) 25 $3,525,000 $141,000 $2,247 2.88%
Mount Vernon, IL (FHA|USDA|VA) 21 $2,995,000 $142,619 $1,800 3.18%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 15 $2,945,000 $196,333 $3,284 2.95%
Centralia, IL (FHA|USDA|VA) 13 $1,845,000 $141,923 $2,033 2.99%
BLOOMINGTON, IL (FHA|USDA|VA) 5 $1,345,000 $269,000 $2,290 2.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $1,265,000 $421,667 $3,305 2.96%
Lincoln, IL (FHA|USDA|VA) 9 $1,125,000 $125,000 $2,757 2.61%
DANVILLE, IL (FHA|USDA|VA) 6 $720,000 $120,000 $2,962 2.75%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $615,000 $205,000 $3,062 2.96%
Taylorville, IL (FHA|USDA|VA) 4 $600,000 $150,000 $2,998 3.09%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $590,000 $295,000 $2,528 3.06%
Pontiac, IL (FHA|USDA|VA) 2 $320,000 $160,000 $2,303 2.63%
Macomb, IL (FHA|USDA|VA) 1 $255,000 $255,000 $1,143 2.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,043 3.13%
ROCKFORD, IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,809 3.00%
Vincennes, IN (FHA|USDA|VA) 1 $205,000 $205,000 $4,767 2.75%
Albertville, AL (FHA|USDA|VA) 1 $195,000 $195,000 $2,413 3.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,194 2.38%
DECATUR, IL (FHA|USDA|VA) 2 $190,000 $95,000 $2,237 3.00%
Muscatine, IA (FHA|USDA|VA) 1 $175,000 $175,000 $1,797 3.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $145,000 $145,000 $4,606 3.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,817 3.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,827 3.00%
Georgetown, SC (FHA|USDA|VA) 1 $125,000 $125,000 $2,965 3.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,326 2.25%

Petefish Skiles & Co.'s top markets include Effingham, Jacksonville, Springfield, Charleston, and St. Louis among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 739 $108,915,000 $147,382 $2,323 3.10%
USDA 83 $8,025,000 $96,687 $2,884 3.02%

For the 2021 period, Petefish Skiles & Co.'s most frequently originated loan type of loans were Conventional, with 739 originations. Their 2nd most popular type is USDA, with 83 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 342 $45,600,000 $133,333 $2,512 3.16%
Refi 299 $46,205,000 $154,532 $2,146 3.00%
Cash Out Refi 171 $24,475,000 $143,129 $2,593 2.98%
Other 10 $660,000 $66,000 $657 5.21%

For the 2021, Petefish Skiles & Co.'s most frequently cited loan purpose of loans were Home Purchase, with 342 originations. The 2nd most popular reason of loans were Refi, with 299 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 448 $71,360,000 $159,286 $2,721 3.09%
15 Year 189 $25,735,000 $136,164 $2,010 2.50%
20 Year 73 $10,165,000 $139,247 $2,251 2.91%
Other 65 $5,205,000 $80,077 $1,344 4.68%
10 Year 43 $4,045,000 $94,070 $1,442 3.48%
3 Year 4 $430,000 $107,500 $0 3.87%

For the 2021, Petefish Skiles & Co.'s most frequently cited loan length of loans were 30 Year, with 448 originations. The 2nd most popular length of loans were 15 Year, with 189 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 459 $59,345,000 $129,292
$1k-2k 188 $25,080,000 $133,404
$2k-3k 65 $12,095,000 $186,077
$3k-4k 55 $11,645,000 $211,727
$5k+ 9 $3,235,000 $359,444

$2,721 of loans were Petefish Skiles & Co.'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 459 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 304 $45,500,000 $149,671
3-4% 290 $42,120,000 $145,241
<2.5% 174 $24,950,000 $143,391
5-6% 24 $1,460,000 $60,833
4-5% 22 $2,030,000 $92,273
6-7% 4 $800,000 $200,000
7-8% 4 $80,000 $20,000

During 2021, Petefish Skiles & Co.'s average interest rate of loans were 3.09%, while their most frequently originated rate bucket of loans were 2.5-3%, with 304 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 346 $49,650,000 $143,497 $2,474 2.94%
$100,000 or less 315 $20,195,000 $64,111 $1,820 3.31%
$200k-400k 138 $35,770,000 $259,203 $3,150 2.94%
$400k-600k 21 $10,045,000 $478,333 $3,969 3.22%
$600k-1MM 2 $1,280,000 $640,000 $1,627 3.43%

2021 saw Petefish Skiles & Co. place emphasis on $100k-200k loans with 346 originations, totaling $49,650,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 219 $26,565,000 $121,301 $2,340 3.11%
$50k or less 212 $17,370,000 $81,934 $2,114 3.22%
$100k-150k 153 $27,215,000 $177,876 $2,443 2.90%
$75k-100k 125 $18,805,000 $150,440 $2,524 3.04%
$150k-250k 74 $17,290,000 $233,649 $2,881 2.87%
$250k+ 23 $7,105,000 $308,913 $2,814 3.17%

Petefish Skiles & Co. lent most frequently to those with incomes in the $50k-75k range, with 219 originations. The second most popular income band? $50k or less, with 212 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 263 $37,115,000 $141,122 $2,340 3.00%
30-36% 159 $21,585,000 $135,755 $2,456 3.10%
<20% 149 $19,655,000 $131,913 $2,134 2.93%
36% 33 $5,155,000 $156,212 $2,401 3.01%
42% 29 $4,835,000 $166,724 $2,801 3.37%
37% 28 $4,230,000 $151,071 $2,293 2.92%
39% 24 $3,580,000 $149,167 $2,563 3.23%
41% 21 $3,085,000 $146,905 $2,500 3.21%
38% 20 $3,300,000 $165,000 $3,411 2.98%
40% 17 $3,135,000 $184,412 $2,468 3.24%
43% 17 $2,705,000 $159,118 $2,522 3.27%
45% 12 $2,010,000 $167,500 $2,578 3.16%
47% 7 $805,000 $115,000 $1,909 3.37%
44% 7 $995,000 $142,143 $2,627 2.89%
48% 6 $900,000 $150,000 $2,628 3.23%
49% 4 $510,000 $127,500 $1,826 3.03%
46% 2 $210,000 $105,000 $2,717 2.63%
>60% 2 $170,000 $85,000 $1,280 5.12%
50-60% 1 $65,000 $65,000 $1,035 5.85%

Petefish Skiles & Co. lent most frequently to those with DTI ratios of 20-30%, with 263 originations. The next most common DTI ratio? 30-36%, with 159 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 798 $113,050,000 $141,667 $2,382 3.06%
Not applicable 11 $2,055,000 $186,818 $0 4.75%
Not provided 7 $945,000 $135,000 $2,798 3.39%
Black 3 $425,000 $141,667 $2,576 3.96%
Asian Indian 1 $205,000 $205,000 $1,005 3.25%
Asian 1 $145,000 $145,000 $2,240 2.75%
American Indian 1 $115,000 $115,000 $1,908 2.75%

Approval Rates

Total approvals of all applications
87.04%

Petefish Skiles & Co. has an average approval rate.

Pick Rate

Approvals leading to origination
86.85%

Petefish Skiles & Co. has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 822 $116,940,000 $142,263

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
822 $116,940,000 $142,263

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 40 $3,400,000 $85,000 $1,567 2.93%
40-60% 106 $11,600,000 $109,434 $1,761 3.05%
60-80% 310 $50,140,000 $161,742 $2,451 3.05%
80-100% 345 $49,825,000 $144,420 $2,617 3.06%
Over 100% 4 $350,000 $87,500 $2,691 3.00%
Under 20% 14 $1,130,000 $80,714 $588 5.60%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Petefish, Skiles & Co. 102 West Beardstown Street Virginia, IL 62691 Full Service B&M $114,758
Petefish, Skiles & Co. 121 North 6th Street Petersburg, IL 62675 Full Service B&M $54,804
Petefish, Skiles & Co. 400 East Dearborn Street Havana, IL 62644 Full Service B&M $32,629

For 2021, Petefish Skiles & Co. had 3 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $8,906
Net interest income $8,047
Total noninterest income $3,393
Gross Fiduciary activities income $86
Service charges on deposit accounts $213
Trading account gains and fees $0
Additional Noninterest Income $3,094
Pre-tax net operating income $3,694
Securities gains (or losses, -) $8
Income before extraordinary items $3,483
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $3,483
Minority interest net income $0
Net income $3,483
Sale, conversion, retirement of capital stock, net $0
Net operating income $3,475

Petefish Skiles & Co.'s gross interest income from loans was $8,906,000.
Petefish Skiles & Co.'s net interest income from loans was $8,047,000.
Petefish Skiles & Co.'s fee based income from loans was $213,000.
Petefish Skiles & Co.'s net income from loans was $3,483,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $859
Provision for credit losses $300
Total noninterest expense $7,446
Salaries and employee benefits $4,625
Premises and equipment expense $658
Additional noninterest expense $2,163
Applicable income taxes $219
Net charge-offs $-11
Cash dividends $1,805

Petefish Skiles & Co.'s interest expense for loans was $859,000.
Petefish Skiles & Co.'s payroll and benefits expense were $4,625,000.
Petefish Skiles & Co.'s property, plant and equipment expenses $658,000.

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 1.0%
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 $211,724
Deposits held in domestic offices $211,724
Deposits by Individuals, partnerships, and corporations $184,141
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $27,185
Deposits by Commercial banks and other depository institutions in U.S. $398
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $103,873
Demand deposits $45,142
Nontransaction accounts $107,851
Money market deposit accounts (MMDAs) $28,378
Other savings deposits (excluding MMDAs) $33,190
Total time deposits $46,284
Total time and savings deposits $166,582
Noninterest-bearing deposits $45,142
Interest-bearing deposits $166,582
Retail deposits $209,253
IRAs and Keogh plan accounts $8,943
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $270,649
Cash & Balances due from depository institutions $35,362
Interest-bearing balances $33,100
Total securities $62,677
Federal funds sold & reverse repurchase $0
Net loans and leases $154,691
Loan and leases loss allowance $1,829
Trading account assets $0
Bank premises and fixed assets $3,694
Other real estate owned $13
Goodwill and other intangibles $6,445
All other assets $7,767

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $270,649
Total Liabilities $240,245
Total deposits $211,724
Interest-bearing deposits $166,582
Deposits held in domestic offices $211,724
% insured (estimated) $79
Federal funds purchased and repurchase agreements $12,637
Trading liabilities $0
Other borrowed funds $15,000
Subordinated debt $0
All other liabilities $884

Issued Loan Types

Type Value (in 000's)
Net loans and leases $154,691
Loan and leases loss allowance $1,829
Total loans and leases (domestic) $156,520
All real estate loans $106,573
Real estate loans in domestic offices $106,573
Construction and development loans $5,238
Residential 1-4 family construction $4,440
Other construction, all land development and other land $798
Loans secured by nonfarm nonresidential properties $14,468
Nonfarm nonresidential secured by owner-occupied properties $128
Commercial real estate & other non-farm, non-residential $14,340
Multifamily residential real estate $0
1-4 family residential loans $41,829
Farmland loans $45,038
Loans held in foreign offices $0
Farm loans $27,106
Commercial and industrial loans $7,363
To non-U.S. addressees $0
Loans to individuals $15,232
Credit card loans $410
Related Plans $0
Consumer Auto Loans $10,360
Other loans to individuals $4,462
All other loans & leases $246
Loans to foreign governments and official institutions $0
Other loans $0
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Petefish Skiles & Co. had $154,691,000 of loans outstanding in 2021. $106,573,000 of loans were in real estate loans. $5,238,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $41,829,000 of loans were in 1-4 family mortgage loans. $27,106,000 of loans were in farm loans. $410,000 of loans were in credit card loans. $10,360,000 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 65 $9,432 $145,108
Nonfarm, nonresidential loans - <$100k 39 $1,999 $51,256
Nonfarm, nonresidential loans - $100-250k 18 $2,548 $141,556
Nonfarm, nonresidential loans - $250k-1MM 8 $4,885 $610,625
Commercial & Industrial, US addressed loans - <$1MM 106 $6,162 $58,132
Commercial & Industrial, US addressed loans - <$100k 77 $2,031 $26,377
Commercial & Industrial, US addressed loans - $100-250k 20 $2,221 $111,050
Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,910 $212,222
Farmland loans - <$1MM 83 $12,412 $149,542
Farmland loans - <$100k 26 $1,044 $40,154
Farmland loans - $100-250k 34 $5,012 $147,412
Farmland loans - $250k-1MM 23 $6,356 $276,348
Agriculture operations loans - <$1MM 147 $9,794 $66,626
Agriculture operations loans - <$100k 109 $2,969 $27,239
Agriculture operations loans - $100-250k 20 $2,230 $111,500
Agriculture operations loans - $250k-1MM 18 $4,595 $255,278