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
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Mortgage Data
Bank 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
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Petefish Skiles & Co. - 2021
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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
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.
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 |